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.


Contactmusic

Tags: Michael Jackson


Editors Recommendations

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

The Cannes Film festival is sneaking up fast. The Oscars felt like they were 8 minutes ago...

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

Next weekend's CounterPoint Festival will be the event's first year at a new 5000-acre site, featuring...

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Superhero movies have been striving towards the almost unobtainable goal set...

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Ricky Gervais is "Hooked" on David Brent Again - Former Paper Merchant To Return

A return for David Brent has been mooted ever since the character was wheeled...

Ricky Gervais is

This Labor Day, Jay Z Is Bringing "Made In America" To Downtown Los Angeles

Jay Z and the Mayor of Los Angeles Eric Garcetti have announced that the rapper’s...

This Labor Day, Jay Z Is Bringing

Anna Wintour wants 'more exclusive' Met Ball 2014

The editor-in-chief of US VOGUE magazine is reportedly determined for the annual...

Anna Wintour - Anna Wintour wants 'more exclusive' Met Ball 2014

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

The comedy classic 'Mrs. Doubtfire' is reportedly set to return to the big-screen...

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Of Mice And Men premiered on Broadway last night, giving critics a chance to cast...

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'

Sofia Vergara has been speaking about her nerves at shooting a ménage a trois with...

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'


More recommendations

Comments

marile8127's picture

marile8127

I agree, why wasn't michaels body laid out so all us fans could see with our own eyes that the did die. and where is his body? a SUPERSTAR like him should have been honored more at the time of his death, instead we have no justice, Dr Murray should be in jail not walking around like nothing happen he murderd michael. I never heard of a dr not knowing how to do cpr, and not have the right equipment, and leaving the room to boot????he is so guilty, he should do life in prison, instead of walking around free. what is wrong with this justice system!!!!!!!!
Import Source: 
comments.nsf
Import Date: 
1328739775

2 years 7 months ago
Report
View Comments

zen2580's picture

zen2580

this is crazy!! Michael Jackson was killed by Conrad Murray MD and is tryihng to get off with a little manslaughter charge!!! this man killed the most famous person in the world!!! he should be charged with first degree murder!!! in jail with no bail! its clear he killed him and it was planned!! and conrad murray MD was hired to kill him!! "if he is dead?? we want to know for sure where his body is !!! forest lawn or not???????????
Import Source: 
comments.nsf
Import Date: 
1329853506

2 years 7 months ago
Report
View Comments

zen2580's picture

zen2580

would like to see Michael Jackson's picture when referring news about him!!!!
Import Source: 
comments.nsf
Import Date: 
1329853506

2 years 7 months ago
Report
View Comments

Michael Jackson Newsletter

Subscribe to this news alert service to receive news and reviews on Michael Jackson

Unsubscribe | Unsubscribe All