Michael Jackson Death: 'Thriller' Singer's Estate Has Generated $2 Billion in Income Since His Death
Six years after his death, Michael Jackson's once faltering fortune has climbed back into the neighborhood of around $2 billion.
According to TMZ, the "Thriller" crooner's estate has come back from the brink of bankruptcy. His children, heirs to his estate, are now better off than their world-famous father.
Sources told the website the bulk of the income is generated from the movies "This is It," the Cirque show "Michael Jackson: The Immortal World Tour," and some 50 million albums sold worldwide.
TMZ adds after expenses and taxes the fortune dwindles to around $450 million, but if it were liquidated today each of his three children would walk away with roughly $100 million each. Currently, there is a trust set up for each of them where millions gets distributed to them as they grow older.
CNBC reported in 2014, Jackson took the top spot on Forbes' list of the Top-Earning Dead Celebrity by bringing in $140 million, topping the likes of Elvis Presley, Bob Marley and Marilyn Monroe. It's not known if the 2010 deal Jackson signed with Sony Corp. in which his estate was assured at least $200 million for ten albums to be released over seven years figures into those numbers.
Since his death, Jackson is estimated to have sold over 13.2 million albums, compared to 13.1 million from 1996 to 2008. Ironically enough, "The Gloved One" also has a huge following on social media, rating as the seventh most-followed person on Facebook and registering more than 75 million likes.
On Twitter, where fans have taken to posting under such hashtags as #6YearsWithoutMichaelJackson, he boasts some 1.84 million followers.
Among Jackson's biggest hits are such classics as "Beat It," "Billie Jean," "Human Nature," "Dirty Diana," "Got To Be There," "Man in the Mirror," "Rock With You," "I Just Can't Stop Loving You," "Remember The Time," "Bad," "Do You Want to be Starting Something" and "You Are Not Alone."
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