After the death of King of pop, Michael Jackson, his estate has gone from the brink of bankruptcy to financial fortune of $2 billion.
Exactly six years after the King of pop, Michael Jackson died his estate went from the brink of bankruptcy to financial fortune of $2 billion.
And according to a report by TMZ, his three kids are now better off than their famous dad before his death.
The report further stated that the estate has grossed nearly $2 billion since MJ's death.
The funds, TMZ reports, comes from the movies This is It, the Cirque show Michael Jackson: The Immortal World Tour as well as 50 million albums sold and various other ventures.
After expenses and taxes, the $2 billion gets chopped to around $800 million and $450 million.
MJ's debts at the time of his death were around $500 million, however, 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.