Michael Jackson Net Worth : $500 Million ( at the time of his death)
An American Pop Star and Musician
Source of Wealth
Years of Experience
Date of Birth
August 29, 1958 (Died on June 25, 2009)
Attended Montclair College Preparatory School
Michael Jackson’s Income & Total Net Worth
The king of pop, Michael Jackson, till his life lived lavishly. At the time of his death, his net worth was $500 million. In the period of 1985-1995, he easily earned $50-$100 million through his endorsements, shows, and concerts. His esteem was at its zenith in that epoch and everyone tried to copy his signature dance moves. Even today, Michael is paid tribute by his billions of fans with his ever famous, “moonwalk”.
In 2009, after Jackson’s death, almost 35 million units of his albums were sold and till date, over 750 million album copies of the pop star have been sold internationally. Apparently, Michael Jackson is said to be a spendthrift personality and he used to blow off money on his luxurious and splendid lifestyle. He earned almost $500 million from his various assignments, but at the time of his death, Michael was, in reality, in arrears of $500 million. He used to spend about $30-$50 million yearly on himself and hence, notched up massive due bills against many people, below is a highlight of it:
- $20 million was due to pay as a settlement of the charge of molesting a kid on him.
- The divorce settlement of $12 million with Debbie Rowe.
- $17 million was due to pay for the Neverland ranch that he purchased, and $5 million annual maintenance cost of the ranch.
- Tens of millions were due because of his unusual expenses on clothes, art, antiquities, diamond studded gloves, Bentleys, and various other ornaments.
- $65 million was due on a number of video projects.
- $5 million in annual interest payments on his outstanding amounts.
Apart from these troubles, Jackson was known to be one of the largest owners of property on the moon.
Properties: Private Fortune
The luxury-driven life of Michael Jackson is reflected from both of his magnificent houses. He owned a French Chateau, which he took on the lease before six months of his death. Michael paid $100,000 per month for this delightful 17,000-square foot property. The chateau is positioned in the Holmby Hills area of Los Angeles. The house boasts seven bedrooms, thirteen bathrooms, huge dining space, library, amphitheater, commodious living room, wine cellar, elevator, gym, swimming pool, twelve fireplaces, and separate guest house. The house was recently sold for $18.1 million.
The second mansion owned by Michael is a little controversial one as about $22 million are unpaid on this ranch. Michael lived in this California located estate from 1988 to 2005. This Tudor style house is built on the land, measuring 2,676 acres. The house comprises five bedrooms, a zoo, a private amusement park, a floral clock, two railroads, a 10,000-volume library, and a media room.
Jackson had a strong enthralment for cars. He had four limousines- Detamble Model B Roadster (1909 model), GMC Jimmy (1988 model), GMC High Sierra firetruck (1986 model), and Ford Econoline van (1993 model). He also had a 2001 model of Harley Davidson police touring motorbike and an electrified horse-drew carriage.
Michael Jackson’s Career
Michael Jackson was born as Michael Joseph Jackson, in Indiana. He was the eighth among his ten siblings. In 1964, Michael, along with his brothers Marlon, Jermaine, Tito, and Jackie, formed a band, called The Jackson 5. Gradually, the group, because of its chart-busting songs, like Big Boy, I Want You Back, The Love You Save, and ABC, became a forward-looking paradigm of black crossover artists. In 1975, the group teamed up with Epic Records and renamed themselves to the Jacksons. By this time, Jermaine left to pursue a solo career, and others continued with their international tour. Michael was the lead songwriter of the group and he wrote hit songs, like Can You Feel It, Shake Your Body (Down to the Ground), and This Place Hotel. In 1978, Michael associated with Quincy Jones, and they produced the Off the Wall album together. Off the Wall was released in 1979, and it generated some chart-topping singles, such as Don’t Stop ’til You Get Enough and Rock with You. The album sold over 20 million copies, internationally.
In 1982, Jackson contributed a song in the movie E.T. the Extra-Terrestrial- “Someone in the Dark”. However, later in the same year, Michael came up with “Thriller”, which is unarguably the most famous album ever released by any recording artist. The album has songs, like Beat It, Billie Jean, and Wanna Be Startin’ Somethin’, which are listened even today, after 31 years of its release. The album was certified with double diamonds and 29 million shipments by the RIAA. The craze and vehemence for Michael Jackson became so strong that even the videotapes of the “The Making of Michael Jackson’s Thriller” sold over 350,000 units in a few months.
In 1991, Michael again came up with another chart-topping album, Dangerous, which has hit songs, like Black or White, and Remember the Time. In 1992, “Dangerous” was given the award for being the best-selling album of the year, globally.
The exclusive discography of “King of Pop” includes:
- Got to Be There
- Forever, Michael
- Music & Me
Other than a blockbuster discography, Michel Jackson also has a vast filmography, which comprises:
- The Wiz
- Michael Jackson’s Thriller
- The Simpsons
- Michael Jackson’s Ghosts
- Men in Black II
- Bad 25
- Michael Jackson’s This Is It
- Captain EO
Michael received immense love from his fans when he was alive, and people still worship him as a god of music. He was honoured with various awards and recognitions, which includes Bambi Pop Artist of the Millennium Award, double induction of the Rock and Roll Hall of Fame, induction into the Hollywood Walk of Fame, American Music Award’s-Artist Of The Century, World Music Awards’ Best-Selling Pop Male Artist of the Millennium, induction into the Grammy Legend Award, Honorary Doctorate of Humane Letters from Fisk University, Songwriters Hall of Fame, Grammy Lifetime Achievement Award, 26 American Music Awards, and Doctor of Humane Letters Degree from the United Negro College Fund.
Michael Jackson died on June 25, 2009, in his rented Holmby Hills mansion. His death was a moment of shock and grief for everyone, which triggered a global outburst of sorrow and anguish. His death left a mystery behind as according to some close people of Michael, it was a ruthless murder. However, the news and doctors officially announced that the probable cause of Jackson’s death was a massive cardiac arrest.
Michael Jackson was buried in the world’s most expensive caskets, valued at $25,000, known as The Promethean. It was a firm bronze and 24-carat gold plated coffin, boasting velvet interiors and mirror polished dazzling exteriors.
Michael Jackson supported following charities and causes:
- AIDS Project Los Angeles
- TJ Martell Foundation
- Ronald McDonald House Charities
- Prince’s Trust
- Starlight Children’s Foundation
- Make-A-Wish Foundation
- United Negro College Fund
- Family/Parent Support
- AIDS & HIV
- At-Risk/Disadvantaged Youths
- Children Education
- Physical Challenges
- Mental Challenges