Michael Jackson - Michael Jackson Left $30 Million To His Family
Michael Jackson left just $30 million to his family after the singer's debts were paid off.
Documents filed on Tuesday (13.11.2011) revealed that Jackson's estate had generated more than $310 million since the megastar's death in 2009; however, most of that money has been used to repay debts and refinance loans. Jackson was one of the highest earning singers in entertainment history after a series of number one albums as well as signing a record-breaking $900 million deal with Sony which still stands today. The Thriller hit maker also owned a stake in the Beatles' song catalogue and it is expected that this will also earn millions of dollars for his estate in future years but despite this his mother, three children, The Michael Jackson Family Trust and various charities will have to divide only $30 million between themselves according to the terms of the singer's will. The former Jackson 5 member died at the age of 50 in his Los Angles home in 2009 after he suffered cardiac arrest, his doctor, Conrad Murray has recently appeared in court charged with his manslaughter but pleaded not guilty to the charges earlier this year (2011).
Born in Gary, Indiana Michael Jackson became a musical superstar from a very early age after performing with his brothers in the Jackson 5. He later went solo and scored a succession of hits including Thriller, Bad and Rock With You. His 1982 Thriller album remains the biggest selling album of all time and remained at number one for 37 consecutive weeks.