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.]
Aug 25, 2009 16:00pm PDT
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