Michael Jackson Estate Clears MJ's MASSIVE Debt ... Almost

Michael Jackson is worth more dead than alive.

Within the past 3 years he has made nearly $500 million.

Time will prove the murder rumors were true. No wonder he could not sleep.

Imagine all those stupid people contributing to paying off his debts by spending money on the crap his estate put out. I bet half of them have their own bills to pay and their own mortgage. And them they're making those white kids even richer. What a laugh.

floonspray wrote:

Imagine all those stupid people contributing to paying off his debts by spending money on the crap his estate put out. I bet half of them have their own bills to pay and their own mortgage. And them they're making those white kids even richer. What a laugh.

It only proves how much Michael Jackson is a legend, loved by millions.

I think Mj estate will see big drop in earnings in future but it still should be enough to make the kids very wealthy.

The Estate is doing a great job. With Bad25 coming up including documentary of Spike Lee, debts will be something of the past.

So 500 Mio. $ debt at the time of his death. At last an official number from documents after years and years of estimating.

jim - wrote:

I think Mj estate will see big drop in earnings in future but it still should be enough to make the kids very wealthy.

I don't think so...

His Sony ATV-MIJAC music catalog generates over $80 million dollars a year.

The Estate never said how much Michael owed, or how much he was worth. ever thing is speculaction.

No it isnt, the estate reads the will and thus all is documented in order to do so. After debts are paid, the estate is probated officially.

Ancalime wrote:

No it isnt, the estate reads the will and thus all is documented in order to do so. After debts are paid, the estate is probated officially.

The legal team are taking a huge slice in fees.

thelma diggs wrote:

The Estate never said how much Michael owed, or how much he was worth. ever thing is speculaction.

t's nearly paid off $500 million in debt the King of Pop left behind when he died.

goodvibrations wrote:

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The legal team are taking a huge slice in fees.

This is absolutely normal. An estate is officially probated if debts, taxes etc. are paid. It is public as well and everyone can go and have a look at the probate court's papers in LA.

I bet Katherine Jackson is thrilled. All that money for her to spend. I wonder how much of it is spent on the children versus the amount spent on her. Lest we forget, she did complaing $26,000/month wasn't enough to live on.

Len is Disgusted wrote:

I bet Katherine Jackson is thrilled. All that money for her to spend. I wonder how much of it is spent on the children versus the amount spent on her. Lest we forget, she did complaing $26,000/month wasn't enough to live on.

The 26,000/month isn't for her alone. She has an ex husband, five children(Jackson 5), a home or two, three children, and legal fees from Michael, personal legal fees after his death. All of these account for her costs. Her children have homes too, with mortgages too probably. These are her children. Maybe they are grown, but they are still her children. They are in a business where they are not doing well. They are trying but, it is all they know, they were raised by Katherine and Joe to be in it, and I can imagine that she still supports them in it.

Michael supported his brothers in the business. When one is successful, the rest of the family benefits. This is what family is all about. If you had a son, and he was having a hard time financially, and you were wealthy, would you not help him?

If you had a brother, and you were rich, and they were not, would you not help them? This is how a loving family works.

Has the estate ever verified the rumors of this supposed $500 million debt?

What a dumbass MJ was to get in that much debt.

hater wrote:

What a dumbass MJ was to get in that much debt.

Just think. If he had gone to rehab and stayed sober, if he had stopped sleeping with other people's children and paying hush money to the families, he would have never gone into debt.