Michael Jackson ‘earning more money now than when he was alive as his estate makes $74 million in one year’

Jackson’s estate is on the upturn
King of Pop: Jackson died in 2009
AFP/Getty Images
Safeeyah Kazi29 August 2018
The Weekender

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The estate of Michael Jackson reportedly earns more money now than Jackson himself did when he was alive, according to newly-released documents.

The King of Pop, who today would have celebrated his 60th birthday, died in 2009 following cardiac arrest due to acute propofol and benzodiazepine intoxication.

He reportedly faced debts of up to $500 million dollars (£388 million) at the time of his death, according to the Mirror.

The publication added that court documents filed by his executors revealed the Jackson estate acquired $74 million in 2015 alone.

Earnings include publishing rights, which brought in over $2.4 million (£1.9 million) in that same year and Jackson’s merchandising arm Triumph International which raked in $18.8 million (£14.5 million).

The documents also supposedly shed light on some of Jackson’s expenditures.

Family First: Part of Jackson's expenditure is believed to have been spent on his children
Getty Images

This included $10.8 million (£8.3 million) bill on a house for his three children Paris, Prince Michael and Michael Jr, and $1 million (£776,000) in medical bills for his mother.

Other notable findings supposedly included the state executors declaring that “most of” the creditors’ claims had been “disposed of”, however some debts still remained.

The accounts are believed to be so elaborate and complex that the documents on specify for the year 2015.

The estate is reportedly trying to negotiate a deal on his bills for the last decade in a bid to gauge the “true value” of the Jackson estate.

Gross earnings for the estate since Jackson’s death are thought to exceed a staggering $900 million (nearly £700 million).

Michael Jackson - In pictures

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