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Pop star Michael Jackson died in 2009 at the age of 50. Court documents should now show what his heirs gained from continuing the business after his death.
Michael Jackson is still considered the undisputed “King of Pop” some eleven years after his death. Upon his death, the singer is said to have left $ 500 million in debt.
Yet his legacy has grown to be a big fortune over the years. From court documents, which are available to US celebrity portal “The Blast”, it should now emerge that Jackson’s heirs have now earned over $ 2 billion (the equivalent of approximately € 1.7 billion).
Luck grew thanks to an agreement with Sony
In return, the real estate administration made “unprecedented deals” and thus rebuilt and improved Michael Jackson’s image, the documents say.
In the future too, “considerable income” will be generated. Jackson’s fortune grew mainly thanks to the agreement with Sony, in which the group bought the share of the music publisher EMI Music Publishing from the heirs of Michael Jackson for 287 million dollars (the equivalent of about 250 million euros ). Add to this the receipts from his Mijac music catalog, which includes his compositions from 1979 and many of his classics.
Who are the heirs?
And now who will benefit from the assets? Notably, Michael Jackson’s 90-year-old mother, Katherine Jackson and the deceased musician’s three children, received ongoing financial support from the inheritance.
Michael Jackson’s children are 22-year-old Paris, 23-year-old Prince Michael Jr. and 18-year-old Prince Michael Jackson II. That the three and his mother can lead a good life with money was exactly what Michael Jackson was always meant for his family.
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