Michael Jackson Net Worth
According To Uswhispers Michael Jackson Net Worth is $500 million An American entertainer and producer known for his philanthropy, Michael Jackson had a net worth of less than half a billion dollars when he died in 2009. According to some estimates, Michael had a debt of $500 million when he died, owing to his decades of reckless spending and borrowing. After he passed away last year, his album sales increased by 35% to a record-breaking 750,000,000 copies.
The decade from 1985 to 1995 saw Michael Jackson earn between $50 and $100 million a year from his concerts, record sales, endorsements, and merchandise. Unfortunate for Michael, he blew through his earnings almost as quickly as they came in. His extravagant way of life cost him about $50 million a year.
He paid his baby mama Debbie Rowe $12 million, spent $20 million settling a child molestation case, and spent tens of millions of dollars on lawyers to settle the case, among other things. $19.5 million to buy, and $10 million a year to maintain, the Neverland Ranches. Construction of an amusement park in this compound cost him $35 million.
According To Uswhispers
In addition, there were the Bentleys, the antiques and the art, the exotic animals, and those famous diamond-encrusted gloves. According to reports, Jackson shelled out an additional $50 to $100 million on failed film and music endeavours.
Robert Holmes was the proud owner of The Beatles' song catalogue in 1984. His company, ATV Music Publishing, owned rights to about 4,000 songs including a division called Northern Songs that was the music publishing arm of The Beatles, which was put up for sale by the Australian business tycoon.
They signed a terrible contract with Northern Songs at the beginning of their career, giving them the rights to more than 250 songs. For $40 million, the Beatles catalogue could have been Paul McCartney and Yoko Ono's, but they turned it down because they couldn't afford it.