Who doesn’t know Michael Jackson! He was famous all over the world. His songs and unique dance made him the ‘King of Pop’. The death of the man for whom millions of people were ready to die shocked everyone. In 2009, at the age of just 50, he said goodbye to everyone. Now, 15 years after his death, a shocking revelation has been made. Recently, new court documents have revealed that at the time of Michael’s death, he had a debt of more than 500 million dollars. According to the report, the Executors of Michael Jackson’s estate filed a file on June 21, in which detailed information has been given about the financial problems faced at the time of the death of the 13-time Grammy Award winning singer. Los Angeles County Superior Court filings have revealed that he had a debt of more than $500 million.
When Michael Jackson died, he was about to do the ‘This Is It’ concert tour. In connection with this tour, he was going to do live shows in cities like London, Paris, New York and Mumbai. It is known that Michael was given such lethal medicines by his personal physician Conrad Murray, due to which he died of a heart attack. In this case, Conrad was convicted of unintentional murder.
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According to court filings, ‘This Is It’ promoter AEG suffered a financial setback of about $40 million on Michael Jackson’s estate. Before his death, Michael was also facing lawsuits in several US states. Creditors had filed more than 65 claims against the singer. However, it was later said that many cases have been resolved.
Michael Jackson’s total net worth is said to be Rs 4442 crore. Documents show that he spent the most money on jewellery, furniture, gifts, travel and donations. He married Lisa Marie Presley in 1994. After divorcing her in 1996, he married Debbie Rowe for the second time, which lasted until 2000. Michael has three children – Paris Jackson, Prince Jackson and Biggie Jackson. The children are supported by Michael’s fund.
