Michael Jackson's Estate Has Grown By The Billions Since His Death
(AllHipHop News) The Michael Jackson estate has grown by $1.7 billion since the superstar’s death in 2009.
Executors of the late King of Pop’s assets have revealed in new legal documents that they have successfully rebuilt the star’s fortune after he left behind $500 million in debt at the time of his passing.
“As of December 31, 2018, the Estate generated gross earnings exceeding 1.7 Billion Dollars,” Jackson’s estate attorneys informed the courts in the latest filing, obtained by The Blast.
“Among other issues, at the time of Michael Jackson‘s death, Michael Jackson’s most significant assets were subject to more than $500 million of debt… some debt in default (the mortgage, and utilities on Jackson family home Hayvenhurst had been unpaid for several months).”
Michael died from a drug overdose in June, 2009 and left his fortune to his three children, Prince, 22, Paris, 21, and Blanket, 17, and his mother, Katherine.