Michael Jackson's Estate is Worth...

by Laura Malesich (RSS feed)
Jun 27th 2009 at 6:01PM

Well, the answer to that question will be hard to come by for quite some time. It seems almost everything in Jackson's roller-coaster life remains unsettled and unquantifiable at this juncture. From the remodeling and hopeful future sale of Neverland Ranch to the would-be profits of his anticipated summer concert tours, everything within Michael's complicated estate will be even more murky as his three children and immediate family wade into the big picture.

It is estimated that MJ's current debt settles around $500 million which was accumulated over years of frivolous spending, two large molestation lawsuits, the yearly upkeep of the Ranch for nearly $10 million annually, property rentals since leaving the Ranch costing $100,000 per month, and other various expenses. Neverland Ranch is expected to sell for roughly $70 to $90 million, of which Michael would receive a sizable chunk, and his summer tours could have netted the comeback star $50 to $400 million depending if he added more concert dates across the globe.
One bright spot in his finances includes music copyrights to 251 Beatles' tunes as well as his own compositions which are most likely worth $500 million to $1 billion.

There isn't any cut-and-dry method that can solve this conundrum but surely when the estate is finally settled, or more likely as pieces of the puzzle come together, it will be a spectacular sum covered by eager entertainment news sources no matter if that number is in the red or the black.

Tags: jackson estate, JacksonEstate, michael jackson, michael jackson estate, MichaelJackson, MichaelJacksonEstate, MJ, mj estate, MjEstate