Prince Michael Jackson Gets an expensive Ticket!

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Prince Jackson, Michael Jackson’s eldest son was pulled over by police in Calabasas for speeding.

TMZ reports today that Michael Jackson’s eldest son was nabbed by cops near his family’s Calabasas mansion for going around 40 mph in a 25 zone. Prince was fined a cool $250 which might seems a lot for most people, it sure is nothing for prince who is reportedly worth over $1 Billion along with his two siblings. Prince will also gets $33 Million from a separate trust fund when he turns 18. cha-ching

Read more: http://www.tmz.com#ixzz2ZR2oQtiX

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MICHAEL JACKSON: He would’ve Made $1.5 Billion

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Saidia – And the saga of Michael Jackson’s finances continue as his trial drags on between AEG live and The Jackson family who is asking for as much as $40 Billion. 

Accounting specialist Arthur Erk testified that MJ would have earned minimum $1.1 billion and maximum of $1.5 Billion if he performed a worldwide concert and showcased his music in Las Vegas which reports back in late 2008 and 2009 predicted will be MJ’s best hope to pay as much as $400 Million in debts and guarantee over $1 Billion in profits.

However, TMZ reports that Erk said he deducted what he felt Jackson would have spent between age 50 and age 65, when he hypothetically would have retired — $134 million.

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.