Michael Jackson Debt $300 Million
Michael Jackson was deeply in debt at the time of his death. The King of Pop owed at least $300 million at when he passed away on June 25, 2009.
He did have assets worth an estimated $1.3 billion. The majority of them were tied up in Jackson’s 50 percent share of the Beatles’ back catalogue with Sony Records. Depending on who you choose to believe, Jackson either refused or was unable to sell the collection.
Jackson was preparing to perform at 50 concerts at London’s O2 arena, which would guarantee him $38.5 million. He could have earned an additional $300 million if the concerts were successful.
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1 comment
feeling sad micheal jackson diei .
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