Sunday, February 20, 2011

$310 Million Collected by The State of Michael jackson: State Administrators

Reportedly, $310 million was collected in shape of revenues, by Michael Jackson’s state, from the sale of products, albums, a film, and other goods between MJ’s death in June 2009 and December 2010.

More than half of the revenue generated used to pay-off the debts of Michael Jackson. According to his state’s administrators $159 million of debts were cleared against the revenue collected up to December 2010. Reportedly, the music legend was indebted by more than $400 million at the time of his death in 2009; apparently from an over dosage of drugs.

The estate’s beneficiaries include Jackson’s children, mother, and various charities.

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