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Jackson's Net Worth = Big $$$

| Filed under: Legal MattersMichael Jackson

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Documents have been obtained stating that as of two years ago, Michael Jackson had a net worth of $236.6 million, with less than $700,000 of that amount in cash.

That report was assembled around the time Michael had to refinance due to his large sums of debt and was "based in large part on estimates provided by Jackson's advisers that the accounting firm said it could not verify." However, the documents do not include any report of the incoming funds of that year or how much he was spending. Still, the information gives a glimpse into the mess of finances left behind for his family to deal with.

The documents also show some of Michael's more lucrative assets, including his share of the Sony/ATV Music Publishing catalog, which includes the rights to songs by the Beatles, Bob Dylan, Neil Diamond, Lady Gaga and the Jonas Brothers.

As we mentioned earlier, Michael's mother, Katherine Jackson is the caretaker of his estate for the time being. But we can see that the fight over Michael's estate will probably take a long time to iron out.

[Image via WENN.]

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22 comments to “Jackson's Net Worth = Big $$$”



  1. 1

    Fiiiiiiiiirst bitches!



  2. 2

    omg…



  3. 3

    OMG Perez. I'm actually surprised. You mentioned Lady Gaga without going into a total super obsessive rant over her. *Applauds* It's all in the baby steps Perez…just take little baby steps.

    :)p



  4. 4

    Really - Michael Jackson was loaded??? Who woulda thought??

    BORING!



  5. 5

    That Lady Gaga shit is worth what, like a $20 maybe? Same price as back alley bj but WAY less satisfying.



  6. 6

    Why is this gaywad allowed to post news? He should be more concerned with eating a salad every now and then..lardass.



  7. 7

    I LOVE BOB DYLAN classic, another classic. SAD day as well when he goes. Anyone who disagrees obviously doesnt know shit about Music and great influences of today's non bullshit people.



  8. 8

    This should shut up many of the haters who have run many lies about Michael Jacksons finance. Sure, he had debt, but that does not mean he was poor. Michael were and has always been rich. Michael Jackson cash in everytime you hear a song on the radio where the artists are with SONY, and let me tell you there are plenty artists attached to sony. Michael Jackson also owns the publishing rights to the many hit songs he's written through MiJac Music and owns music by artists such as Sly & The Family Stone and many more on MiJac Music which he owns 100% of. They also miss out the fact Michael Jackson is one of the very few artists to own the masters to all of his solo albums with Sony/Epic from 1979-present, and owns the rights to the majority of his music videos. I find reports of Michael being broke greatly exaggerated. Sure Michael has been sued on a regular basis this decade, but those who have successful sued Michael have not been awarded the amount they wanted. Have you ever read a post where he has LOST? And the settlements are only in his favor.



  9. 9

    This should shut up many of the haters who have run many lies about Michael Jacksons finance. Sure, he had debt, but that does not mean he was poor. Michael were and has always been rich. Michael Jackson cash in everytime you hear a song on the radio where the artists are with SONY, and let me tell you there are plenty artists attached to sony. Michael Jackson also owns the publishing rights to the many hit songs he's written through MiJac Music and owns music by artists such as Sly & The Family Stone and many more on MiJac Music which he owns 100% of. They also miss out the fact Michael Jackson is one of the very few artists to own the masters to all of his solo albums with Sony/Epic from 1979-present, and owns the rights to the majority of his music videos. I find reports of Michael being broke greatly exaggerated. Sure Michael has been sued on a regular basis this decade, but those who have successful sued Michael have not been awarded the amount they wanted. Have you ever read a post where he has LOST? And the settlements he's making are only in his favor. The ones filing their lawsuits NEVER gets what they want.



  10. 10

    Perez, just a little advice. Don't report on things you do not know for fact. The so-called debt Michael Jackson has/had is not supported by any proof that I've seen yet. And, of course because it's Michael, it will be exaggerated to no end. Michael was a very smart businessman, so of course he has a lot of money. Did you think he was stupid? Michael Jackson never talked about his finances and instructed his ex-publicist Raymone Bain to not talk about them, either. He doesn't want nosey ass people like you in his business. Choke on that "debt."



  11. 11

    But this $236 million was his net worth from 2 years ago. What about now? And I've read reports right here on this blog that Michael has debts of more then $500 million….



  12. 12

    Re: valpal88
    The answer, my friend, is blowin' in the wind,
    The answer is blowin' in the wind….



  13. 13

    Perez, you shouldn't write about Michael Jackson until you apologize for accusing him of faking his death in the first place. Take responsibility for what you've said.



  14. 14

    perez ok first and formost you need to shut the fuck up and come out of the fucking closet cause eveyone knows your fucking gay and you need to grow up and you nee to start thinking with your head and think b4 you start writing waht you dont even know about kk… your just mad bc micheal jackson had more fansthen you and yeah that sounds so childish and ik your gonna be back on paris hilton my new bff this season so this is what i want you to do ok look the camera stright in the lens and tell everyone that your fucking gay..kk.. i mean i dont have a problem with gay people i have gay friends and yeah..your just lyeing to yourself so comeout the closet already kk..i mean also live in a world where you can be gay, stright, bi, or even a lesbien… so yeajh it your choose no ones really gonna care i mean they might talk about it but hey words gonna get back to ya you know….but i dont see why you gonna diss on someone like micheal jackson..it doesnt feel good when you get diss.. does it you know he has family and friends that love him..do you hell no….well im gonna bouce and get to someone else cause he just made my shit list you like you



  15. 15

    Re: poonster – ok first and foremost you stupid son of a bitch he didnt molest and fucking kids kk those stupid kids couldnt keep there sotry stright on they said he did and then he didnt you need to get a life you stupid bastard and micheal jackson was the best singer ever



  16. 16

    Why the hell would you list Lady GaGa or Jonas Brothers on that list of artists? Get your nose outta her ass Mario.



  17. 17

    Re: soccer mom – How do you know that he's in debt for $500 million? Wait…let me guess…you heard it on the news/internet right? Let me give you a piece of advice. Never believe everything you hear or read, especially in Michael's case because 9 times out of 10, the reports will be exaggerated and possibly even false. Michael's finances were always kept a secret by the man himself, and as you can see, he's done well in that department. Debt is defined as something owed, such as money, goods, or services. Based on that definition, wouldn't it be safe to say that 99% of the country is in debt right now? When you have a credit card, and you pay a minimum amount on the balance each month. Isn't that still considered debt? So, yes Michael Jackson may have had debt. But it was in no way a debt that left him anywhere near broke.



  18. 18

    Listening to "Against the world" by R.T (Yat)



  19. 19

    That's not much so sad that he didn't really know how to spend his money. Madonna is worth almost a billion dollars. He could have had that much if he had the right people with him.

    Long Live Michael Jackson and Madonna the King and Queen of Pop!



  20. 20

    ka ching



  21. 21

    I just heard a news report that says he had about $500M but owed about the same. Now that he's not spending and the family will most certainly generate income from his death, (don't get me started there) he will probably get out of debt.



  22. 22

    Michael Jackson's not broke. This is another media manifestation. How do you own part of a catalog that's valued at upwards of $2 billion and have about $400 million in debt and be broke? The value of Neverland Ranch alone has been greatly undervalued. He owns 2600+ acres of land in Santa Barbara. A place where homes with as little as 5 acres can go for tens of millions of dollars. Hearsay.