Ever since pop star Michael Jackson
passed away, a fortune has reportedly
been made from his name.
According to TMZ, the estate has
grossed nearly $2 billion since
Jackson’s death. The money comes
from the movies “This is It,” the
Cirque show “Michael Jackson: The
Immortal World Tour,” 50 million
albums sold and various other
ventures.
After expenses, that $2 billion gets
cut down to around $800m, which is
a very good return. But the $800 mil
gets significantly cut by taxes –
we’re told to around $450 million.
MJ’s debts at the time of his death
were around $500 million, so just on
those two numbers the estate
approaches being in the black.
But there are other ventures, like
Sony, where the estate generates a
lot of cash.
As for Michael’s kids, there’s a trust
where millions gets distributed as
they get older.
Sources told TMZ that ‘if the estate
were completely liquidated today,
each kid would get around $100
million’.
Michael Jackson died June 25th, 2009
at the age of 50.
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Friday 26 June 2015
Really? See How Much Michael Jackson Has Made Since His Death
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