Upon his death, Michael's net worth was estimated to be around $500 million. But it is said that due to his lavish lifestyle, the Thriller singer lost most of it and was in debt. He even reportedly loaned $380 million to finance his lifestyle.
Altogether, the combined revenue from Jackson's masters and publishing adds up to about $47.2 million. If trading at a 25-times multiple, that adds up to a nearly $1.2 billion valuation. At the ultra-megastar rate of 30 times, the valuation would be nearly $1.42 billion.
According to Michael's will, his three children — Prince, Paris, and Blanket — will receive $33 million each. They each received allowances until they turned 21 and will gain access to one-third of their trust fund at age 30. The remainder is said to be disbursed in increments at ages 35 and 40.
Michael Jackson had a $500 million net worth before dying. However, he went bankrupt after requesting a $380 million loan from Bank of America to finance his lifestyle.
In 2021, the Tax Court issued a ruling in favor of the estate, ruling that the estate's total combined value of the estate was $111.5 million and that the value of Jackson's name and likeness was $4 million (not the $61 million estimated by the IRS's outside expert witness).
Upon his death, Michael's net worth was estimated to be around $500 million. But it is said that due to his lavish lifestyle, the Thriller singer lost most of it and was in debt. He even reportedly loaned $380 million to finance his lifestyle.
The pop star denied the accusations, but eventually settled out of court for over $20 million.
Michael Jackson's glove from his 1983 performance of Billie Jean: US$420,000.
Net Worth: $100 Million
The matriarch of the Jackson family, Katherine Jackson, was the only one to receive a portion of the Michael Jackson estate when he passed away. As a result, her net worth (per Celebrity Net Worth) is $100 million.
1988. Jackson's Bad World Tour lasted throughout 1988 with over 140 scheduled dates. After his cut of merchandise sales, Jackson earned over $60 million from the tour.
The King of Pop made the best-selling album of all time, Thriller (which came out 34 years and two days ago!), with sales of around 65 million copies. Yet in spite of the huge revenues he continued to receive from such recordings, Michael Jackson died broke.
US-based, it is part of the Sony Music Group, which is itself owned by Sony Entertainment. The company was formed as Sony/ATV in 1995 by the merger of the original incarnation of Sony Music Publishing and ATV Music, which was owned by entertainer Michael Jackson.
Neverland Ranch gets a boost
Further evidence that the property's current owner, billionaire Ron Burkle, is making good on his promise to restore existing structures. This July 1, 2009, file photo shows the late pop star Michael Jackson's former residence Neverland Ranch in Santa Barbara County, Calif.
businessman Ron Burkle. Burkle views the 2,700-acre property in Los Olivos, near Santa Barbara, as a land banking opportunity, his spokesman said Thursday in an email.
What Was Prince's Net Worth? At the time of his death in 2016, estimated varied about Prince's net worth ranging anywhere from $50 million to more than $300 million.
At the time of his death in 2009, Jackson reportedly had a net worth of about $500 million, though this amount has been disputed over the years. Due to his lavish lifestyle, he also is believed to have spent more than every penny he earned.
Under the terms of the trust, Michael Jackson's children are in line to receive $33 million each. Michael's mother, Katherine Jackson, will receive her share of the estate immediately, and any portion remaining when she passes, will be split between Prince, Paris and Blanket.
The remaining 40% was split among his three children – Prince, Paris, and Bigi – with each having a reported net worth of $100 million (£80.7m). Read on to see how they've made their own fortunes outside of their hefty inheritances, and what they spend their money on. All dollar values in US dollars.
The Thriller singer welcomed Prince and Paris with second wife Debbie Rowe, who was working a dermatology nurse when they met. His third child Bigi came into the world via a surrogate, though Michael raised all three as a single-parent - with the help of nurses at his infamous Neverland Ranch.
She said the auction house has a “very conservative estimate” on the shoes of $10,000. “These shoes are in wonderful condition for their age, with evident signs of use to the soles,” the catalog description reads.
The shoes Michael Jackson wore to perform the moonwalk are up for auction and, of course, they have ties to Milwaukee. The King of Pop referred to the black leather loafers as his "magic shoes," and the top bid stood at $50,000 Monday. The loafers with tassels were made by the Chicago-based shoemaker Florsheim.
The socks, in all their glory. And these socks won't come cheap. Gotta Have Rock and Roll, the online auction site offering the socks, estimates the pair will go for upwards of $2 million. The auction starts November 13, and bidding is set to begin at $100,000.
Jackson rented it for $100,000 a month.
The estate rights currently belong to the survivors of the Jackson family, including the late singer's mother, Katherine Jackson, and his three children, Paris Jackson, Prince Jackson, and Blanket Jackson. John Branca, an attorney, and John McClain, an accountant, administer the estate.
As reported by Forbes, Jackson made more money this year than any celebrity, dead or alive. This is significantly due to Sony buying the catalog to form a 50/50 joint venture and later going on to purchase the remainder back in March.