How did Michael Jackson lose all his money?

hi

hello everyone

What was Michael Jackson's net worth at his peak?

Today, Jackson's heirs still own half of that company, worth about $2 billion, through his estate.

The King of Pop purchased the catalogue's core in 1985 for $47.5 million, and it adds tens of millions to his bottom line every year.

How much did Michael Jackson earn in his lifetime?

Michael Jackson's Career Earnings, 1979-2009. Michael Jackson helped create a fundamental shift in the monetization of fame, and that's the notion at the core

The easy answer is that he spent more than he earned. What he spent it on and how much he spent tells you about the man, some of his motivations and desires.

He earned an estimated $1.1 billion during his adult solo career—nearly $2 billion when adjusting for inflation.

Michael had several estates besides Neverland, the Jackson family compound Hayvenhurst worth $4.2 million, a luxury condo in the gated millionaire enclave of Studio City, CA, a three story condo in Encino CA.

How much did Michael Jackson make last year?

Court documents filed in LA superior court Sept 1999 for his divorce from Debbie Rowe show his financial disclosure for basic cost of living at the time averaged a whopping $2,339,300 PER MONTH (yes you read that right, two million three hundred thirty nine thousand and 300 dollars a month).

The $75 million total puts Jackson's earnings on par with Bruce Springsteen, the 17th best-paid living entertainer,

His finances were collapsing due to chaotic handling and whimsical overspending.

according to Forbes. Nevertheless, the singer's 2017 earnings fall short compared to last year, when his estate raked in $825 million.

He then sold the broadcast rights to his Dangerous world tour to HBO for $20 million.

In 2008 a Beverly Hills pharmacy, Mickey Fine, filed a complaint and lien against Jackson for not paying his prescription bills, a total of $101,926.66, dating back to 2005.

Last year, he pulled in a reported $825 million, according to Forbes, “the highest annual total for any entertainer dead or alive,” thanks to the sale of his half of the Sony/ATV catalogue

Michael then sold Colony Capitol another unknown percentage for $35 million more according to the Santa Barbara assessment office.

When Jackson died in 2009, he was worth an estimated $500 million, according to the IRS (though his estate disputed that number

How much money did Michael Jackson get from Pepsi?

In addition to his art collection and 50% of Sony/ATV, he also owned 100% of his own music publishing company named Mijac.

hmmm

He and his brothers had signed a promotional deal with Pepsi worth $5 million in November the previous year. After the accident,