Michael Jackson: King Of Pop’s Fortune Ballooned to a net $1.12 Billion

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Michael Jackson’s three children Prince,Paris and Blanket are in to enjoy the same or even more luxurious lifestyle as their father’s finances gain more momentum.

According to sources, The Michael Jackson Estate has earned between April 2012 and April 2013 over $150 Million which was used mostly to payoff the remainder of Jackson’s $500 Million debt. This brings Michael Jackson’s fortune back to over $1 Billion mainly from his 50% stake in Sony/ATV, The Michael Jackson Company, MiJack and other assets including the Jackson family compound in Encino, California.

The Jacksons are in the process of a trial against concert promoter AEG which the family accuses of negligence leading the family along with Michael’s three children to file a $40 Billion lawsuit against the company (not million, it’s billion) and in the case they won, the family will be earning tens of Millions of dollars but presumably not $40 Billion.

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