The Enormous Net Worth of Michael Jackson – See How Much He Made!

In this article, we will look at the age, career, and net worth of the infamous artist Michael Jackson. Continue reading to the end for more information.

Who was Michael Jackson?

Michael Joseph Jackson was a singer, composer, dancer, and philanthropist from the United States. He is known as the “King of Pop” and is considered one of the most influential cultural figures of the twentieth century.

His contributions to music, dance, and fashion, as well as his publicized personal life, established him a global icon in popular culture across a four-decade career. Jackson impacted musicians of all genres; through stage and film performances, he popularized sophisticated dance techniques such as the moonwalk, which he named, and the robot. Read More

NameMichael Jackson
BirthAugust 29, 1958
ProfessionFormer Musician
NationalityAmerican
Net Worth in 2009$600 Million (Without Debt)
Net Worth in 2008$570 Million (Without Debt)
Net Worth in 2007$550 Million (Without Debt)

What was Michael Jackson’s Net Worth?

As per Celebritynetworth, Michael Jackson was an American singer, songwriter, actor, producer, and philanthropist who died with a net worth of -500 million.

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Though his estate would go on to earn nearly $2 billion in the decade following his death, Michael was technically in debt to the tune of $500 million at the time of his death due to decades of overspending and overborrowing. He has sold over 750 million albums worldwide, including 35 million in the year following his death.

Earnings and Expenses of Michael Jackson

Jackson earned approximately $500 million from his own songs, performances, videos, and sponsorships over his lifetime, but at the time of his death in 2009, he was basically $500 million in debt.

After spending all of his money on an intricately sophisticated and lavish lifestyle, Jackson was left penniless. He spent between $30 and $50 million each year on his lifestyle alone, and he owed his lawyers, agents, and publicists millions of dollars. Here are a few highlights:

  1. The Neverland Ranch was purchased for $17 million, plus $5 million in annual maintenance charges, and a child molestation lawsuit was settled for $20 million.
  2. $65 million on various video projects, including the 35-minute film “Ghosts” co-written with Stephen King, and a $12 million divorce settlement with lover Debbie Rowe.
  3. Interest payments on his debts total $5 million per year.
  4. Tens of millions of dollars have been spent on Bentleys, antiques, art, clothing, chimps, diamond-encrusted gloves, and other things.

Jackson borrowed $380 million against the value of his song library to fund his continuous luxurious lifestyle. The music singer was notoriously naive about money, and he had an exaggerated sense of his new worth.

He entered a vortex of financial transactions with banks, hedge funds, and other unscrupulous people near the end of his life in an attempt to preserve his lifestyle while staging a professional and financial comeback.

Michael had burned through the entire $380 million debt before his death and had little possibility of making the interest payments, let alone repaying the principal. This debt is the primary reason Michael was forced to stage the “This Is It” return tour, which was arguably the cause of his death.

Who Inherited Michael Jackson’s Estate?

Michael Jackson’s executors have made an ambitious financial comeback in the years since his death. One of their main goals was to get the estate back on track so they wouldn’t have to sell his beloved music collection.

Michael’s will clearly stated that 40% of his assets will be divided equally among his three children. Another 20% was donated to other children’s charities, with the remaining 40% going to his mother Katherine. When Katherine dies, the 40% balance goes to Michael’s children, which means his three children will eventually split 80% of the estate.

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