Six years ago today, Michael Jackson died at the age of 50. Michael Jackson’s estate is still generating money to the amount of $2 billion. The sources for this income come from the films, This Is It , Michael Jackson: The Immortal World , and album and merchandise sales. Unbelievably, almost none of this ends up being profit. The $2 billion that Michael Jackson has earned since his death gets cut down to $800 million after expenses. After taxes, the $800 million becomes $450 million.
At the time of his death, Michael Jackson was in substantial debt. The amount of this debt is said to be $500 million. The money that is being generated by Jackson is currently being used to pay off the debt he accrued while he was still alive.
Michael Jackson’s children are still going to be well taken care of, even though all of this money is being used to pay off Jackson’s debt. A trust fund for the children pays them millions of dollars as they grow up. A source has told TMZ that if the estates were completely liquidated, the children would each have around $100 million.
It has been six years since Blanket, Paris, and Prince lost their dad. Prince is now 18-years-old and recently graduated from high school. Prince had a great deal of family members in attendance supporting the eldest Jackson child. Another person at the graduation spoke with Us Weekly about the reception Prince got when he received his diploma.
“When they announced his name, the whole Jackson family stood up and cheered and whistled. Prince was ecstatic as he crossed the stage.”
Michael Jackson’s daughter, Paris, is now 17-years-old and is dating Chester Castellaw. Castellaw is a soccer player for Real So Cal.
The youngest child, Blanket, is 13-years-old and is going by a different name these days. He is now going by the name of Bigi.
Fans on Twitter made sure to pay their respects today.
RIP Michael Jackson #legend
— JD Odyssey (@JaDonavonHD) June 26, 2015
Can’t even believe it’s been 6 years since Michael Jackson died, time has gone way too fast! I was 19 and devastated! #RIPMichaelJackson ?
— AlannahBonehead447 (@Alannahbones447) June 26, 2015
RIP @michaeljackson a legend, dad, pal, son, brother…such a lovin misunderstood man who wanted 2 heal the world. u r missed dearly!
— Sandra Rawson (@trulyme88) June 26, 2015
There will never ever be another Michael Jackson he’s a once in a lifetime global pop icon
— Dooby (@SD_Thuggin) June 26, 2015
The legacy of Michael Jackson will undoubtedly live on forever.
[Image via thinkover.gr]