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Friday, June 26, 2015

Micheal Jackson's Estate Has Made $2 Billion Six Years After His Death

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Six years after pop legend,Michael Jackson's death,his estate is reportedly generates two billion US dollars. According to TMZ;
Sources familiar with the financials tell TMZ, the estate has grossed nearly $2 billion since MJ's death. The money comes from the movies "This is It," the Cirque show "Michael Jackson: The Immortal World Tour," 50 million albums sold and various other ventures.


After expenses, that $2 bil gets whittled down to around $800 million -- which is a very good return.
But the $800 mil gets significantly cut by taxes ... we're told to around $450 mil.
MJ's debts at the time of his death were around $500 million, so just on those 2 numbers the estate approaches being in the black.
if the estate were completely liquidated today, each kid would get around $100 million.
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