When Michael Jackson passed away, he left behind a booming legacy but his estate was on the brink of bankruptcy. In the six years since his death, the estate has grossed nearly $2 billion.
The money comes from the movies “This is It,” the Cirque show “Michael Jackson: The Immortal World Tour,” 50 million albums sold and various other ventures.
After expenses, that $2 billion gets whittled down to around $800 million, the $800 mil gets significantly cut by taxes … around $450 mil, according to TMZ.
As for Michael’s kids, there’s a trust where millions gets distributed as they get older.
Sources familiar with the financials tell TMZ that if the estate were completely liquidated today, each kid would get around $100 million.
Last year, Michael Jackson took the No. 1 spot on Forbes’ list of the Top-Earning Dead Celebrities—topping Elvis Presley, Bob Marley and Marilyn Monroe—by bringing in…
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