According to information revealed this week by the American site PeopleMichael Jackson allegedly left an astronomical debt to his children after his death in 2009.
That was 15 years ago already! On June 25, 2009, the world lost its biggest pop star. Michael Jackson died at the age of 50 from a drug overdose. A loss so hard for his fans to take that the craziest theories continue to circulate on the Internet, such as the one according to which he has simply become… a double of himself. But the conditions of his burial also gave rise to extravagant rumours: After the emotional ceremony held at the Staples Center in Los Angeles at the time, journalists had lost track of the hearse leading the singer to his final resting place. Was he really buried? And if so, where? These questions, long unanswered, have continued to haunt the artist’s fans. Even today, the King of Pop, embroiled in serious accusations of sexual abuse, continues to make headlines, particularly because colossal debts that he left behind after his disappearance.
$500 million in debt
As revealed People On June 27, court documents filed this month show that Michael Jackson had accumulated a whopping 500 million dollarss of debts at the time of his death in 2009. Thanks to the report of the chartered accountant William R. Ackerman, we know a little more about the star’s expenses: The King of Pop had made many donations to charity, but he also spent a lot of money on traveling, buying works of art and furniture. He was also very fond of jewelry.
Having taken out several loans to pay off his debts and ensure his lifestyle, estimated at around 30 million per year, the singer died ruined… His heirs, his three children Paris, Prince and Blanket, must thus settle this debt for their father. But good news, still according to the report in question, Michael Jackson’s estate recently agreed to sell its share of the singer’s music catalog to Sony Corp for $750 million. This should solve a lot of problems…
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