Tag Archive
Jackson Estate Rakin’ in the Cash
All the concerns about Michael Jackson’s mountain of debt seem to have vanished in the weeks since his death, as his estate managers continue to roll in the dough with various business deals and memorabilia marketing. In the 50 days since the King of Pop passed, a $100 million movie deal is already coming down... »
Jackson Financial Troubles Fixed?
Jackson’s estate managers are hoping to score big profits off of Jackson memorabilia, according to a piece in TMZ. Documents obtained by the gossip site reveal that the administrators have obtained millions worth of property that they plan to sell. This should put a dent in the huge financial blackhole created by Jackson’s lavish... »
Troubled Jackson Doctor Deep in Debt
Dr. Conrad Murray seems like a magnet for bad publicity. While under investigation for possible manslaughter charges, authorities have discovered that the doctor owes hundreds of thousands of dollars for multiple debts. He owes money for child support, settlements against his medical practice, and student loans, just to name a few. Michael Jackson hired the... »
Jackson’s Will May Cause Family Rift
E! Online posted this morning about the emergence of Michael Jackson’s will. The biggest revelation? The singer’s father, Joe Jackson, got shut out. The senior Jackson, who had a public (and, at times, allegedly violent) relationship with his famous son, was not named as an heir to the Michael Jackson estate. If Joe got snubbed,... »
Jackson Dies, Leaves Financial Woes
Michael Jackson topped the charts and the headlines for decades, so we assumed the pop star had a fortune that he could pass down to his family. The story’s never simple with Jackson, though. Reuter reports today that the late singer left behind “a mountain of debt,” built up by shopping spree habits and legal... »