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Tuesday, June 28, 2011 | 7:48am
In Life Michael Jackson was Broke, In Death He’s Made $300 Million
The wonders his death has done for the Jackson estate.
#MichaelJackson
Could you imagine having a net worth of over $1 Million? How about $300 Million. Imagine having a yearly salary of $155 Million/ year. Well that’s exactly what Michael Jackson‘s been raking in from the grave. Despite being allegedly over $400 million in the red at the time of his death, his estate is now made $300 Million since his death.
The Jackson estate’s billion dollar fortune now included albums, digital track downloads, ringtone totaling $429 million according to a 2010 estimate. Add in his film and television properties and you can add another $392 million. Licensing, touring, recording contracts, and music publishing added another $196 million. Most recently Nintendo Wii’s Michael Jackson: The Experience moved 3 million copies since its release in April of which the deceased artist receives royalties. Throw in residuals from his stake in his Sony/ATV music catalog and he’s making MORE MONEY IN DEATH THAN IN LIFE.
That trend will likely continue as well. The estate plans to release 10 posthumous albums of the singer’s music through 2017 which could potentially bring in another $250 million. While I don’t wish death on anyone it sure has worked out well for Tupac and Mike hasn’t it?
FILED IN Business & Marketing, Entertainment, Music
NOW THIS IS CHAMP SHIT, YESSSSIIIIIRRRRRRR!!!!!!!!
This was the first true financial lesson I ever learned in life. It isn’t always the amount of money you make that makes you rich or poor it’s the money you spend that hurts your pockets. MJ spent so much money that he was broke…didn’t matter how much he made. Now that there is no more money going out there are millions coming in.
can u say blood sacrifice
LMAO!!!! Illuminati…
and the man was still unhappy…
Same thing happened with Elvis. He made more in the first 5 years after his death than he had during his entire living career.
.
Maybe it’s just that the expenses are lower. All of MJ’s earning power, without MJ going out and buying a circus because he’s bored.
Just goes 2 show when u r alive nobody gives a damn about u .Case in point with MJ now all of a sudden it’s coming out that my man did have that skin disorder,among other situations that have come 2 light. Now he is making all this loot and not here 2 c it happen.Like Biggie said “ur nobody till somebody kills u”. …in the case of Big, 2pac, and MJ so true .