bzebabe Posted February 17, 2011 Share Posted February 17, 2011 http://www.tmz.com/2011/02/17/michael-jackson-debts-cash-money-executors-estate-net-worth-katherine-jackson-children-kids-home-repairs-creditors/ MJ Estate Made $310 MILLION Since Michael Died The Michael Jackson estate has made more than $310 million since MJ died back in 2009 ... this according to legal documents obtained by TMZ. TMZ has obtained the first accounting that MJ executors filed ... showing exactly how much money Michael owed when he passed away on June 25, 2009 ... and how much the estate has made since -- and the numbers are astounding. According to the documents, MJ had more than $400 million in various debts when he died ... but the estate has already made more than $310 million since. Documents show excecutors have already spent roughly $159 mil paying back various debts, income taxes and other expenses such as providing "uninterrupted support for Mrs. [Katherine] Jackson and Michael Jackson's children as Michael intended." The estate has also paid for Katherine to make "substantial improvements" to the family's famous Havenhurst estate in Encino, CA. Executors have also shelled out cash to "pay last illness and funeral and memorial service expenses." In addition to the $400 million in debt -- MJ's estate had $40 million in liabilities to concert promoter AEG stemming from the "This Is It" tour ... which MJ was rehearsing for when he died. The documents show the estate received more than 65 creditor's claims -- with some of the debt accruing interest at "extremely high" rates. The MJ executors admit the estate still faces several lawsuits in multiple countries. The executors also claim they have "successfully rebuilt and enhanced Michael Jackson's image" since they've been empowered to run the estate. .................................................................................................................................................................................................. how do you have a half billion dollars worth of debt??? i'm glad they are making the money to pay it back tho...his kids will be ok Link to comment Share on other sites More sharing options...
janetDAYZ Posted February 17, 2011 Share Posted February 17, 2011 http://www.tmz.com/2011/02/17/michael-jackson-debts-cash-money-executors-estate-net-worth-katherine-jackson-children-kids-home-repairs-creditors/ MJ Estate Made $310 MILLION Since Michael Died The Michael Jackson estate has made more than $310 million since MJ died back in 2009 ... this according to legal documents obtained by TMZ. TMZ has obtained the first accounting that MJ executors filed ... showing exactly how much money Michael owed when he passed away on June 25, 2009 ... and how much the estate has made since -- and the numbers are astounding. According to the documents, MJ had more than $400 million in various debts when he died ... but the estate has already made more than $310 million since. Documents show excecutors have already spent roughly $159 mil paying back various debts, income taxes and other expenses such as providing "uninterrupted support for Mrs. [Katherine] Jackson and Michael Jackson's children as Michael intended." The estate has also paid for Katherine to make "substantial improvements" to the family's famous Havenhurst estate in Encino, CA. Executors have also shelled out cash to "pay last illness and funeral and memorial service expenses." In addition to the $400 million in debt -- MJ's estate had $40 million in liabilities to concert promoter AEG stemming from the "This Is It" tour ... which MJ was rehearsing for when he died. The documents show the estate received more than 65 creditor's claims -- with some of the debt accruing interest at "extremely high" rates. The MJ executors admit the estate still faces several lawsuits in multiple countries. The executors also claim they have "successfully rebuilt and enhanced Michael Jackson's image" since they've been empowered to run the estate. .................................................................................................................................................................................................. how do you have a half billion dollars worth of debt??? i'm glad they are making the money to pay it back tho...his kids will be ok How so? Just by paying his bills? Link to comment Share on other sites More sharing options...
bzebabe Posted February 17, 2011 Author Share Posted February 17, 2011 How so? Just by paying his bills? lol true, cuz it sure wasn't that album....they know they were fucked up for that...as an MJ fan I am still upset Link to comment Share on other sites More sharing options...
Bailey Posted February 17, 2011 Share Posted February 17, 2011 and it outta on the real he not around to spend money like its water so now its all just growth I just hope the business side of things is strong enough that his estate gets every damn dime off his name, cause trust and believe white people holding Elvis shit down dont come from him cause they getting dat dollar Link to comment Share on other sites More sharing options...
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