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Sunday 28 June 2015

WOW! See How Much Michael Jackson Has Made Since His Death

Ever since pop star Michael Jackson passed
away, a fortune has reportedly been made
from his name.
How Much Michael Jackson Has Made Since His
Death
Michael Jackson
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.
READ ALSO: Michael Jackson’s 16-yr-old
Daughter Set To Be A Mother?
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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