Pulse.ng logo

Michael Jackson Pop king's estate generates $2bn in 6-years

After the death of King of pop, Michael Jackson, his estate has gone from the brink of bankruptcy to financial fortune of $2 billion.

  • Published:

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.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.