Beyond Belief!! See How Much Michael Jackson Has Made Since His Demise
Beyond Belief!! See How Much Michael Jackson Has Made Since His Demise
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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