Michael Jackson's Assets Revealed!
Filed under: Michael Jackson
Michael Jackson may have collected a fortune over his career - $1,360,839,979 to be exact - but, there was little cash to be spent before he died!
According to financial documents, Michael's cash totaled to only .05% of his net worth, about $668,215.
Gotta get more liquid than that!
His assets include:
- Real property $73,475,000 (Neverland valued at $66,875,000, Encino Home valued at $6,600,000)
- Restricted cash $10,696,764 (this is a cash reserve to pay interest on loans)
- Media Archival materials $20,000,000
- MJ Publishing Trust $85,000,000
- Professional equipment $1,000,000
- Automobiles, antiques, collectibles & other personal property $20,000,000
[Image via WENN.]
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Pretty sad.
In the end, he probably would have been happier growing up a poor kid in Indiana, instead of living thru the hell of being pimped out by a loser father who had to live out his own dreams through his kids.
That calculation was from 2007 fatty. What about the 4 million in cash one of his lawyers transfered to his estate a few weeks ago and the million he kept in the house. You r just paroting what T/M/Z reported earlier today.
first
and damn thats a lotta money
fuck that shit
Does this includes lilltle boys pocket change!! lol JK JK but thats alot
wow.
what about his collection of little boy's tighty whiteys? was that mentioned?
Hope his kids get their fair share
If only he had surrounded himself with good people like Madonna he would have had much more. Madonna is worth almost a Billion dollars by now and i honestly i thought MJ would have made the about the same if not more. I think a lot of people took advantage of him.
Read about this last night. Lame man you are soooo behind the times
Bedtime at Neverland was when the big hand was on the little hand.
who cares
How the heck did he afford the rent on that LA home he died in?
Re: Madonna_#1fan_4ever! – Who gives a fuck!!
Re: Lilplayboii – easy on him, he is confused
All this and he couldn't get some hair grafted on, a caved-in left nostril fixed, or get his needle of propofol on…???
I sure wish I could have helped.
I was one of the construction workers he used to hire for rough sex.
But he always liked the white ones better.
Re: Hot Sweet Jamaican Manmilk –
Ew, you're disgusting. Put some pants on, weirdo.
Anyway, this is bullshit. First off, his music videos are getting way more airplay so, that adds some main, same with his songs on the radio and the beatles of course. This is from 2007. So I agree with JoJoStar. Get your facts straight.
damnnn all that $$$
Re: coldmike – Aww, Michael, c'mon….don't treat an old friend like that. And by old friend I mean former fuck buddy.
Heheheh.
Jeez pervez, the worms still haven't had a chance to O D yet and they know down to the penny how much they can "work with". Just telling you, you can't take it with you.
and ppl still call him poor.. Lol. Michael Jackson was never broke. He had at least 3 more sources of different incomes, being MJJ Productions which owned the masters to all of albums and music from 1979-present. Plus MiJac Music Publising which owned his own songs and those by Sly & The Family Stone and other artists and also Sony/ATV. The media stupidly only ever wrote about Sony/ATV saying The Beatles was Michael's only source of income when Michael made a huge income from his own songs etc.
And dont forget that MICHAEL JACKSON music and memorabilia has earned the singer’s estate £60million since his death six weeks ago, according to Forbes magazine, writes Mike Parker.
I GOT NEWS FOR THE JACKSON HEIRS…
.
BETTER GET NEW APPRAISALS ON ALL THAT REAL ESTATE AND COME UP WITH ANOTHER FIGURE!!
.
THE MARKET AIN'T WHAT IT USED TO BE!
Remember he didn't work for many years, his comeback would have netted him millions and he would have had liquid assets again.
I have to LOL at some of these comments! Don't some of you idiots understand finance?!?!? So he was "cash-poor"! Look at that g*ddamn number!!!! He could liquidate and have sh*tloads of cash!!! He was by no means "broke"!
Speaking of $$$. I'm still saving for everything. Now more than ever! Made some good investments this year
Meaningless, just like the rest of your site
Wow thats fantastic, apparently you've watched the Secret
Re: PP16WW –
Re: so what – Well said! Joe Jackson would sell his soul,(if he hasn't already),if he could get a few bucks for it. Just like he sold his kids childhood.(among other stuff,like beating his kids). The man is pure scum. He's even made money off Michael's death. Joe's gonna be Karma's Bitch!
Re: bongo – Just shut up,okay?
I still miss MJ
Re: cherryluv – I miss him also. There isn't a day or night that goes by that I haven't thought about him. Even in my dreams.
But I don't understand the concern for his net value. It's not like anyone other than the people mentioned in his Last Will and Testament will be benefiting from it. Geez!
omg dont sell his gloves and all give it to his kids wen they grow up to remeber there father was the king of pop and always will be the king of pop forever
to be worth 1.3 billion is quite impressive even if the cash isn't available the assets are a good strong hold– as long as you an pay billz
all they need to do is sell a car or 2… and the kids are set for life regardless of how everything else turns out.