As I have previously discussed, after Jackson died he left over half a billion dollars in debt. He spent most of the money on Neverland, antiques, maintenance, and his entourage. Jackson was borrowing against his assets and used his music catalogues as collateral. However, his “This is It” London show woudl have brought him $500 million dollars. Michael Jackson passed away after a fatal dose of an anesthetic. The “This is It” production fell apart and is still the topic of current litigation. Michael Jackson’s executors have paid off all of Jackson’s debt and is now worth $600 million. Jackson’s legacy is expected to live on and continue to make millions.
See Robin Leach, Four Years After His Death, Michael Jackson is Earning Millions, Las Vegas Sun, Jun. 25, 2013.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
