Net Worth

Michael Jackson Net Worth

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Michael Jackson Net Worth

Michael Jackson Net Worth is$600 Million
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Profession: Record producer, Singer, Songwriter, Businessperson, Actor, Keyboard player, Singer-songwriter, Dance, Musician, Composer
Date of Birth: Aug 29, 1958
Nicknames: King of Pop, The King of Pop, Michael Joseph Jackson, The Gloved One, MJ, The Jacksons, The Jackson Five, John Jay Smith, Jackson 5, Wacko Jacko, The Jackson 5, Jacko, Applehead, Smelly, Michael Joe Jackson
Height: 1.78 m
Ethnicity: African American
Country: United States of America
Michael Jackson is one of the most famous musical artists in history who had a net worth of $600 million at the time of his death in 2009. Michael Jackson’s last single, a song he wrote with Paul Anka in 1983 called This is It, was released the recently, reminding us that in show biz, the show must go on. Anka had to fight for his cut of the profits from the song; after contentious negotiations, the Jackson estate finally gave up 50% of the publishing rights. The song itself is honestly mediocre, but this is not your average posthumous release: This is It is the title track for an album and documentary that are scheduled for release in late October. The scuffle over this tune is just another day at the office for the lawyers representing the Jackson estate. Between Michael’s personal catalog of platinum records and his ownership of some of the Beatles’ most famous songs, the Jackson estate has multitudes of copyrights to protect. But just how much is this all worth? We are glad you asked. During his lifetime Jacko made about $500 million from his own music, concerts, videos and endorsements. His 50% ownership in Sony/ATV is worth $1 billion. You might think he was worth $1.5 billion. Not so fast. Jackson spent about $30 million per year on his lifestyle and racked up massive unpaid bills with his lawyers, and publicists. A few highlights: o $15 million to purchase the Neverland Ranch plus $5 million in annual maintenance costs o $20 million to settle a child molestation lawsuit. o $65 million on a variety of video projects, including the 35-minute film “Ghosts” that he co-wrote with Stephen King o $12 million divorce settlement with baby momma Debbie Rowe. o $5 million in annual interest payments on his debts. o Tens of millions spent on Bentleys, antiques, art, clothes, chimpanzees, diamond-encrusted gloves and other trinkets. So you can kiss the $500 million good bye. We now have to subtract the King of Pop’s outstanding debts, which are estimated to be in the range of $400 million. All in, CNW believes the Jackson estate is looking at a $600 million net worth. The pop star was notoriously na”ive when it came to his finances and he had an overinflated sense of his new worth. Towards the end of his life, he entered a tailspin of financial transactions with banks, hedge funds and other shady characters in an attempt to maintain his lifestyle while staging a professional and financial comeback. What is left is a series of private deals, partnerships and debts that will keep the lawyers billing hours for years. When it’s settled, there’s a good chance that the Jackson estate will still have a decent annual income that will provide generously for Michael’s heirs. Let’s hope the superstar’s kids didn’t inherit their father’s taste for excess. This is it, kids. Just ask Paul Anka.
Michael Joseph Jackson (August 29, 1958 – June 25, 2009) was an American recording artist, entertainer, and businessman. Often referred to as the King of Pop, or by his initials MJ, Jackson is recognized as the most successful entertainer of all time by Guinness World Records. His contribution to music, dance, and fashion, along with a much-publicized personal life, made him a global figure in popular culture for over four decades. The seventh child of the Jackson family, he debuted on the professional music scene along with his brothers as a member of The Jackson 5, then the Jacksons in 1964, and began his solo career in 1971.
In the early 1980s, Jackson became a dominant figure in popular music. The music videos for his songs, including those of “Beat It”, “Billie Jean”, and “Thriller”, were credited with transforming the medium into an art form and a promotional tool, and the popularity of these videos helped to bring the relatively new television channel MTV to fame. Videos such as “Black or White” and “Scream” made him a staple on MTV in the 1990s. Through stage performances and music videos, Jackson popularized a number of complicated dance techniques, such as the robot and the moonwalk, to which he gave the name. His distinctive musical sound and vocal style have influenced numerous hip hop, post-disco, contemporary R&B, pop and rock artists.
Jackson’s 1982 album Thriller is the best-selling album of all time. His other records, including Off the Wall (1979), Bad (1987), Dangerous (1991), and HIStory (1995), also rank among the world’s best-selling. Jackson is one of the few artists to have been inducted into the Rock and Roll Hall of Fame twice. He was also inducted into the Dance Hall of Fame as the first (and currently only) dancer from the world of pop and rock ‘n’ roll. Some of his other achievements include multiple Guinness World Records; 13 Grammy Awards (as well as the Grammy Legend Award and the Grammy Lifetime Achievement Award); 26 American

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