Michael Jackson, the dead celebrity is making more than he was alive
|Aug 29, 2018
After his death, Michael Jackson is making more and more money. As of 2017 he earned as many as $75 million (Rs 528 crore). Because of that, he has earned the title of the highest earning dead celebrity of 2017.
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The money-making dead superstar
After his death, Michael Jackson is making more and more money. In the year 2017, Forbes magazine reported that Jackson still topped the list of the highest-earning star of the fifth consecutive year, earning $ 75 million.
Moreover, in 2016, Jackson made over $800 million dollars. The highest annual income in the history of all celebrities, dead or alive. This was mostly the result of the sale of his half of the Sony/ATV catalog. He also made millions through his Cirque Du Soleil show in Las Vegas and his publishing catalog. The $250 $ contract that Jackson's estate has with Sony Music Entertainment to retain distribution rights to his recordings up until 2017, and to release seven posthumous albums over the decade following his death also a big cash flow after his death.
How much in total?
According to Forbes, in the total of his career death or alive, Jackson has earned over $3 billion pretax in his career - after adjusting for inflation the number would be about 4 billion $. Jackson, who died in 2009 because of acute propofol and benzodiazepine intoxication at his home on North Carolwood Drive in the Holmby Hills neighborhood of Los Angeles, would have turned 60 this year.
Here we also have a list of the other money making dead celebrities like golfer Arnold Palmer ($40 million), cartoonist Charles Schulz ($38 million), Elvis Presley ($35 million) and Bob Marley ($23 million).
Using the money
With the money that their dead father is making Jason's children must be living a very "full" life right now. In 2015, $ 10.5 million was spent on housekeeping for Michael's children. That adds nearly $ 1 million to medical expenses, grants and payments for the 88-year-old mother of the star. In addition, a small portion of the money Michael Jackson earned after his death, was used to pay for the trip of three children and about $ 85,000 for the Cadillac Escalade purchased for the bodyguard protection group Michael Jackson.
Even though, Michael Jackson is believed to owe $ 500 million at the time of his death. However, according to court documents, the executors of the star have denied most of the claims of the creditors.
In a civil trial in 2013 about Michael Jackson's death, a witness said before his death the pop princess was in such a state of sterility that she could not afford to pay for herself and her children. Three children have to live on the bridge.
Jackson’s videos when combined altogether have over 1 billion views so far this year.
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