Michael Jackson’s estate makes $2 billion since his death
When Michael Jackson died on June 25th 2009 at the age of 50, his estate was bankrupt, but in the 6 years since his passing, a fortune ha...
http://everyhournaija.blogspot.com/2015/06/michael-jacksons-estate-makes-2-billion.html
---You Need To Watch How This Sharp Secondary School Boy Sm@shed His Classmate After School Hour... Click HERE
TO SEE THOUSAND OF OTHER VIDEOS LIKE THIS ---
---ARE YOU IN SEARCH OF SUGAR DADDY OR MUMMY FOR THAT EXTRA CASH ON FACEBOOK??? Click HERE
TO SEE THOUSAND OF ONLINE SUGAR MUMMY AND DADDY ---
When Michael Jackson died on June 25th 2009 at the age of 50, his estate was bankrupt, but in the 6 years since his passing, a fortune has been made under his name.
According to TMZ
The estate has grossed nearly $2 billion since MJ’s death. The money comes from the movies “This is It,” the Cirque show “Michael Jackson: The Immortal World Tour,” 50 million albums sold and various other ventures.
After expenses, that $2 bil gets whittled down to around $800m – which is a very good return. But the $800 mil gets significantly cut by taxes – we’re told to around $450 mil.
The estate has grossed nearly $2 billion since MJ’s death. The money comes from the movies “This is It,” the Cirque show “Michael Jackson: The Immortal World Tour,” 50 million albums sold and various other ventures.
After expenses, that $2 bil gets whittled down to around $800m – which is a very good return. But the $800 mil gets significantly cut by taxes – we’re told to around $450 mil.
MJ’s debts at the time of his death were around $500 million, so just on those 2 numbers the estate approaches being in the black.
But 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.
Our sources familiar with the financials tell TMZ … if the estate were completely liquidated today, each kid would get around $100 million.
But 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.
Our sources familiar with the financials tell TMZ … if the estate were completely liquidated today, each kid would get around $100 million.