Michael Jackson - Michael Jackson's children receive $8 million a year

Michael Jackson's children have been granted a total annual income of $8 million.

The late King of Pop left behind three children when he died of acute Propofol intoxication in 2009 - 17-year-old Prince, 16-year-old Paris and 12-year-old Blanket - and the court that oversees their welfare has now allocated finances for their living expenses.

The expenses for the youngsters, who live with their grandmother Katherine Jackson and their cousin T.J. Jackson in Los Angeles, California, breakdown as $3 million for their school fees, $300,000 for holidays and $600,000 for a personal security team.

The court has also authorised them to spend a further $200,000 a year from their late father's estate on renting a mansion.

In addition to Paris, Prince and Blanket each receiving $15,000 a month in spending money, their legal guardian, Katherine, also receives $1.2 million a year for looking after them.

The value of the 'Thriller' hitmaker's estate has grown from £3.5 million to £400 million since his death five years ago.

The sums have emerged as the mother of Prince and Paris - Debbie Rowe - seeks to gain custody of her children, as well as Blanket, who was born through a surrogate mother.

The former nurse, who was married to the pop star for three years between 1996 and 1999, claims the children's grandmother is ''too old'' to raise them.


Contactmusic

Tags: Michael Jackson - Katherine Jackson - Debbie Rowe

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YANNI54's picture

YANNI54

If she thinks that Ms. Katherine is so old then in my view let the guardianship for the kids go to their Aunt Rebbie, who can be there with her mom to help raise these kids for the few years that is left until Blanket makes 18 and who is young enough, and whose kids are grown and gone and since her husband passed she has plenty of time for the children. Debbie Rowe may care about the kids, but she wants and would get the children's money and the money Ms. Katherine and TJ's gets to care for Michael's children that she signed over to him. Why all of a sudden does she want to be the babies mama for all three kids especially since I'm sure Blanket wouldn't want to go with her and we all know that Prince doesn't want to have anything to do with her and to me she is using Paris' fragile condition to get closer to her because she knows this child misses her dad SO MUCH that she is reaching out and is in the need comfort and she is pushing her way into this child's life slowly but surely? Could it be what her new fiance the porn producer wants? My guess is yes! I hope the courts can see through this BS!!!!

5 months 2 weeks ago
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