Michael Jackson (Dancer) was an American singer, actor, songwriter, producer, and philanthropist. Between 1985-1995, Michael Jackson has earned about $50 to $100 million per year through touring, endorsements, record sales, and merchandise. Let’s Talk about Michael Jackson Net Worth in 2021
Michael Jackson Net Worth 2021
Calculating someone’s worth after their death is really a very difficult job. But Michael Jackson’s net worth was more than £370million in debt when he died due to a drug overdose in June 2009 at the age of 50. Jacko was known for his extravagant spending and accounts from 2015 and showed his estate was still shelling out thousands every year on balloons, flowers, and cakes.
The dept of Jackson indicated that about £67,000 was spent on upkeep at his Neverland Ranch, while the cost of his estate “train and carousel” is £1,800. Jackson has five Rolls-Royces which costs up to £75,000 and a 2001 Bentley Armitage worth £68,000. He also spends about £300,000 on public relations and £3.7million in legal fees. Apart from this all, his net worth has been reported as approximately $500million i.e. £392million.
Jackson’s music catalog was his most valuable asset. The copyright value of his own songs costs about $100 million. Michael’s first foray into his own music rights started in the early 1980s when he purchased the catalogs of Sly and the Family Stone. After which he bought a series of classic singles like “Great Balls of Fire”, “Shake Rattle Rattle and Roll”, “When a Man Loves a Woman” and “Runaround Sue”.
But in November 1984 when Michael has purchased The Beatles catalog ATV music worth $47.5 million, it became the biggest win in his entire life. The Beatles catalog was further merged with Sony and it creates a 50/50 joint venture which was famous as Sony/ATV and is estimated to be worth $2 billion.
Michael Jackson Net Worth and Career Highlights
- The Neverland Ranch costs $17 million with a cost of about $5 million in annual maintenance
- To settle a child molestation lawsuit, he spent $20 million.
- $65 million is spent on a variety of video projects such as the 35-minute film “Ghosts” that he co-wrote with Stephen King
- On his divorce from baby momma Debbie Rowe, he spent $12 million.
- He has to spend $5 million in annual interest payments on his debts.
- Tens of millions spent on Bentleys, art, antiques, chimpanzees, clothes, diamond-encrusted gloves, and some other trinkets.
Michael Joseph Jackson, a name that has made history throughout the world, still an inspiration to many. He was a man of many talents, a dancer, a songwriter, a singer, and a philanthropist.
Earned in millions, not only through record sales but also through touring, endorsements, and merchandise, hence his extravagant spending. Being the King of Pop, he had a popular dance technique, namely the moonwalk and the robot.
He was the most significant cultural figure of the 20th century. Being the most awarded artist in popular music, he influenced the artist of many genres. The fame, of course, comes with its problems; he was accused of child sexual abuse, then he went through a divorce and also a label dispute.
He was a man of art; he died on 25th June due to a drug overdose and became history. His legacy is now infused with us; we will take it forward.
Stay tuned with Stanford Arts Review for more Updates!
