The story behind the $500 million in debts at the time of his death

At the time of his death, Michael Jackson faced a debt of approximately 500 million dollars, according to documents accessed by the “E!News” portal. This month marks 15 years since his death, and lawyers for the executors of the iconic “Thriller” singer’s estate revealed that his finances were in a chaotic state in 2009.

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The report filed in Los Angeles County Superior Court highlights that Jackson had racked up significant expenses in preparation for his “This Is It” tour.

Michael Jackson: The story behind the $500 million in debt at the time of his death. Additionally, it was mentioned that Jackson had changed managers and attorneys several times in the years before his death, further complicating the administration of his legacy.

However, over the years, the executors not only managed to eliminate the debt, but also improve the singer’s image and legacy for the benefit of his heirs: Prince Jackson, 27, Paris Jackson, 26, and Bigi “Blanket” Jackson, 22.

Despite more than a decade having passed since his passing, the administrators of his estate are still dealing with the aftermath of the circumstances surrounding his death. Michael Jackson, author of unforgettable hits such as “Thriller,” “Beat It,” “Bad” and “Smooth Criminal,” died on June 25, 2009 from an overdose of anesthetics at his residence near Bel Air, Los Angeles.