Michael Jackson Net Worth

Michael Jackson Net Worth

Real Name: Michael Jackson
Date of Birth: 08/29/1958
Place of Birth: Gary, Indiana

2019 Net Worth: $600 Million
2018 Earnings: $100 Million

Profession: Singer, Songwriter, Actor, Businessman

Michael Jackson Biography

Michael Jackson was born on August 29, 1958. He was the eighth child of ten in the Jackson family.

Michael became famous as a singer with the Jackson 5, a group formed with his older brothers Jackie, Tito, Jermaine, and Marlon. The group became famous with such hits as “I Want You Back,” “ABC,” and “I’ll Be There.”

Michael began his solo career in 1971 and by the 1980’s was a dominant figure in pop music. Thriller was released in 1982 and the next year it was the best-selling album worldwide. The album went on to have seven hit singles, including “Billy Jean,” “Beat It,” and “Wanna Be Startin’ Somethin’.”

In 1985 Michael partnered with Pepsi in a $5 million endorsement deal. This deal marked the beginning of his business career. He began investing at this time in publishing rights to songs, and bought The Beatles catalog ATV music for $47.5 million. These business ventures greatly added to his net worth.

During the latter part of the 1980’s and 1990’s Jackson became the subject of more and  more sensational reports: that he was bleaching his skin, that he had plastic surgery, among others. Jackson built Neverland Ranch at this time, was accused of child molestation, and married his first wife.

Jackson died on June 25, 2009 of acute propofol and benzodiazepine intoxication.

During his lifetime Jackson made $500 million from his own music collection but his lavish lifestyle and spend thrift ways meant that when he passed away in 2009 he was $500 million in debt. His Neverland Ranch cost him $17 million to build and $5 million annually in maintenance.  He also spent $20 million to settle a child molestation lawsuit, $12 million for a divorce settlement, and tens of millions annually on cars, antiques, clothes, art, and such frivolity as diamond-encrusuted gloves.

Michael Jackson’s net worth is $600 million. This is the money that his estate has brought in since his death, after the repayment of his debts. He left his estate to his three children, different children’s charities, and his mother. His son, Prince Michael Jackson, has a net worth of $100 million because of his inheritance from his father.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: