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This article was curated by Sarah Gutierrez
Jun 29, 2024 – 9:57 am
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The singer Michael Jackson was in debt of about $500 million when he diedas published this Friday by the American portal ‘E!News’, which cites as a source documents of the deceased singer to which it had access.
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Lawyers for Jackson’s estate, whose death occurred 15 years ago, said the ‘Thriller’ author’s accounts were “in disarray” in 2009, to the point of reaching a debt of millions.
“Jackson had incurred considerable expenses in connection with the preparations for his ‘This Is It’ concert tour.”according to the document that was presented to the Los Angeles County Superior Court after the singer died, explains the specialized portal.
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It details Jackson’s death at age 50, “left his assets” with a significant financial responsibility with the promoter of his tour.
In addition, the lawyers stated that Jackson had “changed business managers, lawyers and personal managers several times in the years immediately preceding his death.”which forced them to track down documents that were “scattered throughout the country.”
However, in the following years, The lawyers eliminated Jackson’s estate debt and “successfully enhanced their image and legacy” to benefit the beneficiaries of Michael’s Trust, which includes the award-winning singer’s children, Prince Jackson, 27, Paris Jackson, 26, and Bigi “Blanket” Jackson, 22.
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“Although more than a decade has passed since the death of Michael Jackson,” the document states, “from time to time, lawyers must deal with the consequences of the circumstances that existed at the time of his death,” the website states. specialized news.
Jackson is the author of hits that marked a musical milestone such as ‘Thriller’ (1982), the best-selling album in history, or songs that defined his brand like ‘Beat it’ (1982), ‘Bad’ (1987) or ‘Smooth Criminal’ (1988). He died on June 25, 2009 from an anesthetic overdose in his rented mansion near Bel Air, the exclusive celebrity neighborhood in Los Angeles. EFE
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