How did Michael Jackson lose all his money?

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Pepsi paid Jackson $1.5 million in compensation, which the pop star donated to the Brotman Medical Centre, one of the hospitals in which he was treated.

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According to Forbes’ annual list of the top earning dead celebrities, Michael Jackson has topped the charts—for the fifth year in a row.

How much did Michael Jackson earn in his lifetime?

SEATED in a $9,000-a-night luxury suite in the sail-shaped Burj Al Arab hotel in Dubai, Michael Jackson played the role of a wealthy pop star as he met with two senior executives of the Sony Corporation last December.

Mr. Jackson eventually broke with his father and the Jackson 5, a move toward creative and financial independence marked by his collaborations with Quincy Jones on a trio of albums

The most memorable of those is 1982's "Thriller," which eventually racked up sales of 51 million copies globally,

Guinness World Records, making it the best-selling album in history. Yet "Thriller" took a heavy toll, Mr. Jackson's associates say, setting a benchmark of success that the entertainer never stopped chasing.

At the same time, Mr. Jackson was redefining the concept of spectacle in pop music.

He hired Martin Scorsese, the film director, to direct a video for his album "Bad," a clip that one adviser with direct knowledge of the production budget said cost more than $1 million.

The same adviser said that Mr. Jackson netted "way north" of $35 million from a yearlong "Bad" tour that began in 1987, and that heading into the 1990's Mr. Jackson was in sound shape financially.

I didn't ever see him take all kinds of people all around the world," said James Morey, who served as one of Mr. Jackson's personal managers from 1990 to 1997 (when Mr. Jackson fired him and turned for advice instead to the Saudi sheik Prince Alwaleed Bin Talal). "

Other events, however, suggest that Mr. Jackson's finances were already under strain by the mid-90's.

He retreated from working regularly after the release of "Dangerous" in 1991 and settled a child-molestation lawsuit for about $20 million.

More significantly in terms of his finances, he had to sell Sony a 50 percent stake in the Beatles catalog in 1995 for more than $100 million, which one adviser said helped shore up the singer's wobbling accounts.

"When they were shooting this thing in Hungary, the production company would call me in the middle of the night and say, 'Michael wants more troops,' " said Dan Beck, a senior marketing executive who worked on the video. "He dreamed the big dream. It was P. T. Barnum."

Rowe reportedly signed away her parental rights to the children after the divorce, but in 2006 an appeals court reestablished her parental status.

Jackson and Rowe, mother of Jackson's two oldest children, were briefly married following their son's Prince's conception 12 years ago, but divorced six months after daughter Paris' birth.

Rowe gave Jackson custody of the children, but sued him in 2006 for breach of contract in an attempt to regain custody. The pair settled out of court for undisclosed terms and Jackson retained custody.

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