Michael Jackson makes $2bn in death

The estate of pop star, Michael Jackson who died on June 25th, 2009 at the age of 50, has gone from bankrupt, to making a fortune of over $2 billion, in about six years.

According to TMZ, the money comes from the movies “This is It,” the Cirque show “Michael Jackson: The Immortal World Tour,” 50 million albums sold and various other ventures.

After expenses, that $2 billion gets whittled down to around $800m – which is a very good return. But the $800 million gets significantly cut by taxes – we’re told to around $450 mil.

MJ’s debts at the time of his death were around $500 million, so just on those 2 numbers the estate approaches being in the black.

But there are other ventures, like Sony, where the estate generates a lot of cash.

As for Michael’s kids, there’s a trust where millions gets distributed as they get older.

Sources familiar with the financials said … if the estate were completely liquidated today, each kid would get around $100 million.

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