King of Pop, Michael Jackson is reportedly earning more in
death than he did when he was alive.
The late superstar died in 2009 at the age of 50, following
an overdose of the anaesthetic propofol.
Today, August 29, 2018, would have been the King of Pop's
60th birthday, but court papers have revealed his estate netted $74million in a
year and his gross earnings since his death are thought to exceed $900 million,
according to The Mirror.
The 73-page document filed at a Los Angeles court by
executors, including close friends John Branca and John McClain, showed
publishing rights from hits like Thriller delivered $2,448,584.99. But his
merchandising arm Triumph International brought in the most – $18.8million in
the same period.
Spending’s included $10.8million on a house for the children
and $85,297.65 for a top-of-the-range Cadillac Escalade for their security
team. Budding film director Prince was given a $70,000 truck and a Chevron fuel
card on which he spent $9,000.
The children enjoyed five holidays, including to Hawaii, for
which they got $28,500 in spending money alone.
It was also revealed that Jackson’s mother Katherine, 88,
collected around $1million to cover health bills, allowance and expenses, and
$257,379 to run her own home. When she temporarily handed over their
guardianship to Michael’s cousin TJ, he got $5,790 every two weeks.
Hayvenhurst, where Michael lived before he bought Neverland,
cost $157,000, including $60,000 on rebuilding the main house and installing an
alarm.
The court papers state the executors have “disposed of most
of the creditors’ claims”, but some debts still remain.
According to the report, the accounts are so complex that
the figures are only for the year of 2015 following the claims that Jackson’s
estate owes $500million in back taxes.
The estate is trying to negotiate a deal on his bills for
the last decade and “true value” of his estate as it's understood the gross
earnings since Michael’s death have exceeded $900million.
This means his children Paris, 20, Prince, 21, and Blanket,
16, are living their lives in luxury which they were denied in the last three
years of his life.
Before their father died in 2009 with debts of $500million,
the Pop king said they were like “vagabonds.”
