You think your kids are spoiled — wait until you hear how much the Jackson kids are getting for their allowance!
After Michael Jackson passed away, he left his estate to his children, and it keeps making more money every year! This means that the trio’s allowance has been raised from $5 million a year to…
And these kids LOVE to spend their money, but maybe not as much as you might think.
According to Debbie Rowe’s fiancè, and family friend, Marc Schaffel, the eldest son, 17-year-old Prince Jackson spends his money on jewelry for his three former girlfriends (around $50,000), and $40,000 on a new Ford pick-up truck! But that’s it for Prince because he’s saving up $35 million to buy back Neverland Ranch!
As for 16-year-old Paris Jackson, much of her allowance goes to paying for her therapeutic boarding school, since it costs six figures. And a little bit more goes to buying shoes and gym clothes for her friends, because she’s a sweetheart!
12-year-old Blanket Jackson has found lots of ways to spend his money too, paying $200/hour for a personal trainer and karate lessons, and going to pricey dinners with his cousins, which usually end up costing about $500 each time! Yikes!
We actually kind of thought they’d be even more frivolous with their money! But it sounds like they have goals and things they’re working on, so that’s awesome!
Beyond these expenses, the kids collectively spend $350,000 a year on three first-class vacations. One is to Hawaii, where their suite costs $5,500 a night, and Vegas where they occasionally rent the $5,000/night Bellagio suite. The third vacation was undisclosed, but of course they have to pay for security on all of their vacays.
We’re not really sure what we’d do with an $8 million/year allowance, but we’re proud of these kids for not COMPLETELY blowing their dad’s hard earned ca$$$h on things like outrageous cars and toys!
[Image via WENN.]
Tags: Blanket Jackson, business blitz, celeb kidz, Debbie Rowe, Marc Schaffel, Michael Jackson, Paris Jackson, Prince, Prince Jackson