The Famous Singer Michael Jackson And His Net Worth
According to CelebrityNetWorth Michael Jackson was an American singer, songwriter, actor, producer and philanthropist. Technically speaking, one could argue that at the time of his death, Michael was in debt to the tune of $500 million thanks to decades of overspending and over-borrowing.
Jackson’s biological mother is Debbie Rowe, which is the former wife of Michael Jackson. Rose signed over custody of Prince and his sister Paris Michael Katherine after Rowe and Jackson divorced in 1999.
In the decade between 1985-1995, Michael Jackson comfortably earned between $50 and $100 million per year through touring, record sales, endorsements and merchandise.
Even after his death, Jackson has remained one of the most popular and profitable celebrities in the world. To date he has sold over 750 million albums, including 35 million that were sold in the year following his death.
As of 2022, Michael Jackson’s net worth is estimated to be roughly $100 million.
Michael Jackson’ Net Worth
Michael Jackson, otherwise known as the King of Pop, was clearly one of the greatest pop artists of all time. From his days in The Jackson 5 to his solo career, Michael lit stages around the world on fire with his versatile vocal range and his uniquely inspiring dance moves.
His songs such as “Thriller,” “Billie Jean,” and “Dangerous” earned him millions of dollars that helped to fund his lavish lifestyle. From his various estates to his outrageous wardrobe, it seems Michael Jackson enjoyed his earnings.
Since Michael Jackson died in 2009, his estate has brought in over $700 million. More than any other living artist in that time. His executors have easily paid back his loan from Sony and have secured the future of his billion-dollar music catalogue.
|Net Worth:||$500 Million|
|Date of Birth:||Aug 29, 1958 – Jun 25, 2009 (50 years old)|
|Height:||5 ft 8 in (1.75 m)|
|Profession:||Entertainer, Singer-songwriter, Musician, Choreographer, Record producer, Actor, Businessperson, Film Producer, Dancer, Film Score Composer|
|Nationality:||United States of America|
Michael Joseph Jackson Jr. was born on the 13th of February, 1997, in Beverly Hills, Los Angeles.His mother, Debbie Rowe, was a dermatology assistant who married Michael Jackson in 1996. She has expressed a desire to bear Jackson’s children. She had expressed these desires even while Jackson and Presley were married.
Rowe has stated that she was inseminated, although she refused to reveal any details of her son’s conception. This sparked many rumors. With all that said, Prince has stated that no matter what, he sees himself as his father’s son because he was raised by him alongside his siblings.
How Does He Spends His Fortune
Michael Jackson began earning his money at a very young age when he was in a band with his brothers, called The Jackson 5. Through their years they earned quite a lot of money with their hits like “ABC,” “I Want You Back,” and “I’ll Be There.”
Although their combined musical talents stole the hearts of many around the globe, it was clear that Michael was destined to be a solo artist. Once he made the break with his first solo album Off the Wall, his earnings skyrocketed into the millions.
Michael made the most of his money through his record sales, concerts, endorsement deals, merchandise sales, and more. It is believed that he earned more than $4 billion throughout his music career.
For the most part, Prince lives a very private life. He rarely appears on television. One of his most notable appearances came during his father’s funeral when he sang on stage with his family. He declined to have a speech, unlike many of his family members.
In 2003, Jackson appeared in the documentary ‘Living with Michael Jackson’. Jackson also appeared in a live telecast of his father’s memorial service in 2009. The following year, he was spotted at the 52nd Annual Grammy Awards.
In 2010, Jackson appeared on ‘The Oprah Winfrey Show’. He spoke to Oprah about his experience over the years alongside his siblings and his grandmother, Katherine. In 2011, he made another brief appearance on ‘The X Factor.’
A few years later, Jackson appeared on ‘Entertaiment Tonight’ in 2013. That year, he also appeared in his first acting role. He starred as Cooper in an episode of ‘Beverly Hills 90210.’ Although this was his first acting role, it’s not clear whether he will ever act again.
Michael Jackson Net Worth At Death
Michael’s most valuable asset was his music catalogue. While the copyright value of his own songs was estimated to be worth $100 million, the crown jewel of his net worth was his portfolio of other artist’s songs, especially those from The Beatles. Michael’s first foray into owning music rights began when he purchased the catalogues of Sly and the Family Stone in the early 1980s.
He then bought a series of classic singles like “Great Balls of Fire”, “Shake Rattle Rattle and Roll”, “When a Man Loves a Woman” and “Runaround Sue” to name a few. But the biggest win came in November 1984 when Michael purchased The Beatles catalogue ATV music for $47.5 million. The Beatles catalogue was eventually merged with Sony to create a 50/50 joint venture called Sony/ATV which today is estimated to be worth $2 billion.
During his lifetime Jackson made about $500 million from his own music, concerts, videos and endorsements but at the time of his death in 2009 he was essentially $500 million in debt. Jackson was left penniless after he spent all of his money on an elaborately complicated and luxurious lifestyle. He spent between $30 and $50 million per year on his lifestyle alone and racked up massive unpaid bills with his lawyers, agents and publicists.
In order to fund his ongoing lavish lifestyle, Jackson took out a $380 million loan against the value of his music catalogue. The pop star was notoriously naïve when it came to his finances and he had an over inflated sense of his new worth.
Towards the end of his life, he entered a tailspin of financial transactions with banks, hedge funds and other shady characters in an attempt to maintain his lifestyle while staging a professional and financial comeback.
Before his death, Michael had spent through the entire $380 million loan and had little hope of making the interest payments, let alone paying back the principal. This debt is the main reason Michael was forced to stage the comeback tour “This Is It” which arguably was the cause of his death.
Over the years, he has appeared in a range of TV shows as both an actor and a television personality. Although he has apparently made an effort to “make his own way” in life, his identity remains in the shadow of his father, the legendary “King of Pop.”
As of 2022, Prince Michael Jackson’s net worth is estimated to be roughly $100 million.