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.
Popular Posts
-
A fire incident which occurred last Saturday has killed three children of the parents in Egbeda-Akowonjo area of Lagos State. The inci...
-
The spotlight is now on musicians and record label bosses. After Emma Nyra revealed the mess she suffered and with the troubles Skales is ...
-
Topic:- GODLINESS WITH CONTENTMENT – Wednesday June 15th 2016 Memorise: But godliness with contentment is a great gain. 1st Timothy 6:6 Re...
-
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has warned that pastors collecting bribes from poli...
-
It was said she got married to rapper Jhybo when pictures of the two of them in matching native attires popped up on the Internet. La...
-
According to reports, ISIS members executed 19 women for refusing to have s*x with its fighters. A Kurdish official claimed that the wo...
-
An historical event took place at the Buckingham Palace on Monday, 22nd of June 2015. This event featured her Royal Highness, Queen Eliz...
-
Success they say comes to only those who work hard”. Certainly Wizkid is an embodiment of this, as he keeps hitting different milestones...
-
Toyin Aimakhu who recently dumped her boyfriend, Seun Egbegbe, said she will remain single or marry a whiteman. Toyin made this revelation...
-
Topic : THE BELIEVER’S AUTHORITY II – Wednesday October 12th 2016 Memorise: Behold, I give unto you power to tread on serpents and scorpio...
Friday, 26 June 2015
Really? See How Much Michael Jackson Has Made Since His Death
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Pls use chrome browser, web browser or uc browser to comment