MICHAEL JACKSON 6 Years After Death ESTATE GENERATED $2 BILLION
[size=24pt]MICHAEL JACKSON<br />6 Years After Death<br />ESTATE GENERATED $2 BILLION[/size]<br />6/25/2015 10:45 AM PDT BY TMZ STAFF <br /><br /><br /><br />Michael Jackson died 6 years ago today, and TMZ has learned his estate went from the brink of bankruptcy to financial fortune ... and his kids are now better off than their famous dad.<br /><br />Sources familiar with the financials tell TMZ, the estate has grossed nearly $2 billion since MJ's death. The money comes from the movies "This is It," the Cirque show "Michael Jackson: The Immortal World Tour," 50 million albums sold and various other ventures.<br /><br />After expenses, that $2 bil gets whittled down to around $800 million -- which is a very good return.<br /><br />But the $800 mil gets significantly cut by taxes ... we're told to around $450 mil.<br /><br />MJ's debts at the time of his death were around $500 million, so just on those 2 numbers the estate approaches being in the black. <br /><br />But there are other ventures, like Sony, where the estate generates a lot of cash.<br /><br />As for Michael's kids, there's a trust where millions gets distributed as they get older.<br /><br />Our sources familiar with the financials tell TMZ ... if the estate were completely liquidated today, each kid would get around $100 million. <br /><br />Not a bad bounce back from the edge of bankruptcy. <br /><br />http://www.tmz.com/2015/06/25/michael-jackson-6-years-death-anniversary-estate-money-billion-kids-children/
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