We're all saddened by the sudden death of legend Michael Jackson, and as the world mourns, a debate over his estate is already in the works. It's a messy issue and the future discussions are sure to be ugly, which is upsetting given the many musical gifts Jackson left behind. However, despite his mega success, he also died in a mountain of debt. Can you guess how much debt Michael Jackson was trying to dig himself out of when he passed away?
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Source: WireImage
Psssy
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Gosh, this has got to be so hard for his poor family. I just hope his children will be taken care of, and hopefully, in the future, won't need to sell all of their dad's things to live a comfortable life.
1Maybe he should have had his own episode, or maybe his own season, of "Maxed Out."
2Holy crapola. I kind of figured he owed some money to some people, since he had to settle all those lawsuits and kept buying ridiculous things (like the Elephant Man's skeleton) without making anything. That is really sad...I also feel for his family. That's got to be so hard on them.
3he is still a million dollar man when all of yall get throw tlkin
4I hope his kids at least get to walk away with something.
5I'm pretty sure his estate will make all that money back. I'm sure people are out there rushing to buy his music again... I mean his songs and albums are on the top 10 on iTunes!
6holy crap!i heard and read that he has debts but that amount!!wow!is he a part of the lehman's brothers bankruptcy?i just wish and hope that his children will still have something left for them. Snyway,he's albums are selling like hot cake in the market right now, it will help alot.
7I just saw this on the news this morning.... crazy!
8HOW MUCH LIFE INSURANCE DID MICHAEL JACKSON CARRY? WAS ANYTHING ABOUT HIM POSSIBLY INSURED BY LLOYD'S OF LONDON? SO MUCH PERSONAL DYSFUNCTION. TOO BAD HE DIDN'T GET PROFESSIONAL HELP SO HE COULD HAVE PUT HIS DEMONS TO REST.
9WAS HE EVER HAPPY?
I think he can raise that money, despite being dead his songs exist forever.
10jacksons an idiot how do u spend 700 mil and another 4 mil on top of that.
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