Michael Jackson's Trials

Michael Jackson's Trials


The Ongoing Trials of The Late Michael Jackson

Wednesday, September 14, 2011

Cash Poor, Asset Rich

Michael Jackson died cash poor, but asset rich.

Two years since his death there has been a dramatic turn around in his finances.

Court documents show that his estate has generated more than $310M, which has enabled executors to distribute a preliminary payment of $30M to Jackson's mother and children, and to unnamed charities.

Additionally, the estate has been able to pay off numerous approved creditors' claims as well as Jackson's income taxes.