Results 1 to 7 of 7

Thread: Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

   
  1. #1
    Points: 8,485, Level: 62
    Level completed: 12%, Points required for next Level: 265
    Overall activity: 99.9%
    Achievements:
    Created Blog entryTagger First Class3 months registered5000 Experience PointsOverdrive
    NatureCriminal7896's Avatar
    Join Date
    Apr 2019
    Location
    United States
    Posts
    2,211
    Points
    8,485
    Level
    62
    Thanks
    884
    Thanked 403 Times in 289 Posts

    Post Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

    Michael Jackson has been gone for over 10 years, but the business behind the King of Pop is skyrocketing, earning more than $1.7 billion dollars as of the beginning of 2019.

    The shocking revelation was made in an accounting document of MJ's estate, which is filed with the L.A County Court.

    According to the legal documents, obtained by The Blast, Michael Jackson's executor and lawyers have been working to rebuild Jackson's brand and stabilize his finances for years.

    "With the assistance of their counsel, the Executors have successfully rebuilt and enhanced Michael Jackson’s image, solidified the MJJ business as a significant entity in the entertainment industry, entered into and continue to enter into unprecedented business deals that have produced, and will in the future produce, significant revenues for the Estate," his team wrote in the filing.

    Jackson's new business deals includes the highly successful 'Cirque du Soleil' show on the Las Vegas strip.

    More importantly, MJ's team told the court:

    "As of December 31, 2018, the Estate generated gross earnings exceeding 1.7 Billion Dollars."

    Obviously, the estate continues to earn money during the first few months of this year.

    Its a true miracle, considering what his executors and lawyers walked into when the singer died. "Among other issues, at the time of Michael Jackson‘s ‘ death, Michael Jackson’s most significant assets were subject to more than $500 million of debt... some debt in default (the mortgage, and utilities on Havenhurst had been unpaid for several months)," they reminded the court in their filing.

    Michael Jackson died June 25, 2009, leaving his fortune to his three children, Prince, Paris, and Blanket. His mother Katherine, was also named a beneficiary of his trust.

    The accounting also describes the estates handling of MJ's children's needs along with assets still owned by the Jackson family. Rent, college tuition, and normal everyday expenses or covered in the accounting.

    One of the major businesses managed by MJ's estate is his major holdings in the music business. "In 2013, the Estate sold its interest in EMI for $287,500,000, a mare than Five Thousand Percent return 0n the Estate’s investment." the estate explained.

    The Estate still owns Mijac Music (the publishing rights to all songs written by Michael Jackson and certain other iconic songs purchased by him, including Ray Charles’ hits, “What’d I Say”, I Got A Woman", Elvis Presley’s hits “Mystery Train” and “Cryin’ In The Chapel” as well as “Dance To The Music”, “Everyday People” and the rest of the classic Sly and the Family Stone catalog).

    This also includes Michael Jackson’s own master recordings.

    At the time of MJ's death he also had several properties, several Rolls Royces', and a ton of memorabilia.

    The estate consists of some of the best in the business including attorney Howard Weitzman, executors John Branca and John McClain, and lawyer Bryan J. Freedman who helps handle issues like the 'Leaving Neverland' documentary battle.

    Bottom line: The team helping MJ's family and businesses, after his death, are simply winning.

    https://theblast.com/c/michael-jacks...g-of-pop-death

  2. The Following 2 Users Say Thank You to NatureCriminal7896 For This Useful Post:


  3. #2
    Points: 5,907, Level: 49
    Level completed: 79%, Points required for next Level: 43
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    May 2012
    Posts
    214
    Points
    5,907
    Level
    49
    Thanks
    403
    Thanked 327 Times in 109 Posts

    Default Re: Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

    If you actually take all the numbers reported by Forbes and add them up, from 2009 to 2018..... that number is well over $2 BILLION (US $).

  4. The Following 2 Users Say Thank You to travis3000 For This Useful Post:


  5. #3
    Points: 5,909, Level: 49
    Level completed: 80%, Points required for next Level: 41
    Overall activity: 18.0%
    Achievements:
    Overdrive1 year registered5000 Experience Points
    wonderouzmj's Avatar
    Join Date
    Oct 2017
    Posts
    691
    Points
    5,909
    Level
    49
    Thanks
    198
    Thanked 447 Times in 201 Posts

    Default Re: Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

    Could make a whole lot more if they release the 4k versions of shorts & the triumph tour in 4k

  6. The Following 4 Users Say Thank You to wonderouzmj For This Useful Post:


  7. #4
    Points: 13,231, Level: 74
    Level completed: 96%, Points required for next Level: 19
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience PointsOverdrive
    ILoveHIStory's Avatar
    Join Date
    Aug 2013
    Posts
    772
    Points
    13,231
    Level
    74
    Thanks
    793
    Thanked 973 Times in 350 Posts

    Default Re: Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

    By FORBES

    forbes-earnings

  8. #5
    Points: 10,490, Level: 68
    Level completed: 10%, Points required for next Level: 360
    Overall activity: 99.4%
    Achievements:
    Three FriendsOverdriveTagger Second ClassVeteran10000 Experience Points
    Mikky Dee's Avatar
    Join Date
    Mar 2016
    Location
    Australia
    Posts
    1,754
    Points
    10,490
    Level
    68
    Thanks
    3,271
    Thanked 1,589 Times in 765 Posts

    Default Re: Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

    A massive achievement, considering what the Executors have been up against for a decade.

  9. The Following 2 Users Say Thank You to Mikky Dee For This Useful Post:


  10. #6
    Points: 8,485, Level: 62
    Level completed: 12%, Points required for next Level: 265
    Overall activity: 99.9%
    Achievements:
    Created Blog entryTagger First Class3 months registered5000 Experience PointsOverdrive
    NatureCriminal7896's Avatar
    Join Date
    Apr 2019
    Location
    United States
    Posts
    2,211
    Points
    8,485
    Level
    62
    Thanks
    884
    Thanked 403 Times in 289 Posts

    Default Re: Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

    Quote Originally Posted by wonderouzmj View Post
    Could make a whole lot more if they release the 4k versions of shorts & the triumph tour in 4k
    lol
    ...…………


  11. #7
    Points: 8,485, Level: 62
    Level completed: 12%, Points required for next Level: 265
    Overall activity: 99.9%
    Achievements:
    Created Blog entryTagger First Class3 months registered5000 Experience PointsOverdrive
    NatureCriminal7896's Avatar
    Join Date
    Apr 2019
    Location
    United States
    Posts
    2,211
    Points
    8,485
    Level
    62
    Thanks
    884
    Thanked 403 Times in 289 Posts

    Default Re: Michael Jackson's Estate Has Made $1.7 BILLION Since His Death

    Congrats to Michael. even after death he still making money. he don't need that money anymore where he's at but his kids do and his estate to make new stuff and etc which the estate is not really doing which is sad.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •