Michael Jackson Net Worth

Q&A

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Who was Michael Jackson' ?

Michael Jackson was an American singer, songwriter, actor, producer and philanthropist. 

Technically speaking, one could argue that at the time of his death, Michael was in debt to the tune of $500 million thanks to decades of overspending and over-borrowing. 

Michael Jackson Net Worth at Death

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Technically, it was negative $500 million. 

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Michael's most valuable asset was his music catalogue. While the copyright value of his own songs was estimated to be worth $100 million 

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the crown jewel of his net worth was his portfolio of other artist's songs, especially those from The Beatles.

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Michael's first foray into owning music rights began when he purchased the catalogues of Sly and the Family Stone in the early 1980s. 

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During his lifetime Jackson made about $500 million from his own music, concerts, videos and endorsements but at the time of his death in 2009 he was essentially $500 million in debt.  

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Jackson was left penniless after he spent all of his money on an elaborately complicated and luxurious lifestyle. He spent between $30 and $50 million per year on his lifestyle alone and racked up massive unpaid bills with his lawyers, agents and publicists.  

A few highlights:

– $17 million to purchase the Neverland Ranch plus $5 million in annual maintenance cost – $20 million to settle a child molestation lawsuit.

– $65 million on a variety of video projects, including the 35-minute film "Ghosts" that he co-wrote with Stephen King – $12 million divorce settlement with girlfriend Debbie Rowe.

– $5 million in annual interest payments on his debts. – Tens of millions spent on Bentleys, antiques, art, clothes, chimpanzees, diamond-encrusted gloves and other trinkets.

Jackson Estate Net Worth Post Death

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Since Michael Jackson died in 2009, his estate has brought in over $700 million. More than any other living artist in that time.   – 2018: $400 million – 2017: $75 million – 2016: $825 million – 2015: $115 million

Net Worth  $500 Million 

Salary $3-5 Million Per Month