They should change the name of the show to AWKWARD! With Kelly and Michael!
[Image via ABC.]
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.]