Check Total Net Worth of Michael Jackson estate
The death of a musical icon was met with worldwide mourning on June 25, 2009.
Gary, Indiana is the place of his birth. Jackson joined the Jackson 5 while he was quite young.
In the 1970s, he began to experience professional growth. Reports stated that between 1985 and 1995, Michael Jackson’s annual net worth ranged from $50 million to $100 million.
With the money he made from concerts, albums, endorsements, and merchandising, Michael Jackson could have bought practically anything he wanted.
He gave much of his wealth to Debbie Rowe, his ex-wife and the mother of his child. Jackson accepted a $20 million settlement for the child molestation case he was accused of committing, in addition to paying his legal bills.
Jackson also spent $19.5 million on the purchase of Neverland Ranch, which has a yearly maintenance charge of $10 million.
Before his death, Michael Jackson was worth an estimated $500 million.
After asking Bank of America for $380 million to fund his lavish lifestyle, however, he ended up declaring bankruptcy.
After spending the $380 million, Jackson owed the bank a whopping $500 million due to the 50% interest rate the bank had placed on the loan.
On the morning of June 25, 2009, Michael Jackson passed away. In his Holmby Hills estate, he suffered a stroke.
After Jackson was taken to the hospital by paramedics, he was treated at UCLA’s Ronald Reagan Medical Center.
On June 25 at 2:26 p.m., Michael Jackson’s death was confirmed.
Michael Jackson’s postmortem report stated that he had died of Propofol overdose.
Before his death in 2009, Michael Jackson was the father of three children.
Prince Michael Jackson II, Michael Joseph Jackson Jr., and Paris Jackson.
Michael Jackson, the late King of Pop, has reportedly earned more than any other deceased musician or star in the history of the entertainment industry.
11 years passed between Michael Jackson’s death in 2009 and the beginning of the next decade.
Michael Jackson has made almost $2.27 billion since 2009.