Jackson died on June 25, 2009 of an anesthetic overdose at his rented mansion near Bel Air, the exclusive celebrity neighborhood in Los Angeles.
Lawyers for the executors of the estate of Michael Jacksonwhose death was 15 years ago, assured that the accounts of the author of Thriller were “in disarray” in 2009, to the point of reaching a multi-million dollar debt.
Michael Jackson died on June 25, 2009 from an anesthetic overdose in his rented mansion near Bel Air, the exclusive celebrity neighborhood in Los Angeles.
“He had incurred considerable expenses in connection with preparations for his ‘This Is It’ concert tour,” according to the document filed with the Los Angeles County Superior Court after the singer’s death, the specialized portal explains.
How much did Michael Jackson owe at the time of his death?
The E! portal News, citing as a source documents of the singer to which he has had access in recent days, calculates that Jackson left this world leaving a debt of 500 million dollars.
Lawyers for the executors stated that Jackson had “changed business managers, attorneys and personal managers several times in the years immediately preceding his death,” forcing them to track down documents that were “scattered throughout the country.”
The lawyers eliminated the singer’s estate debt and “successfully enhanced his image and legacy” for the benefit of the beneficiaries of the “Michael’s Trust”, which includes the composer’s children, Prince Jackson27 years old, Paris Jackson26, and Bigi “Blanket” Jackson22.
“Although more than a decade has passed since Michael Jackson’s death,” the document states, “from time to time, the executors must deal with the consequences of the circumstances that existed at the time of his death.”
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
