The Estate of Michael Jackson has pulled in a staggering $310 million in the year and a half since the King of Pop tragically died according to documents obtained by TMZ.
TMZ has obtained the first documents filed by executors of Jackson’s estate that show how much money Jackson owed when he died in June of 2009, and how much money has been pulled in since then.
MJ had more than $400 million in various debts when he died … but the estate has already made more than $310 million since.
Documents show excecutors have already spent roughly $159 mil paying back various debts, income taxes and other expenses such as providing “uninterrupted support for Mrs. [Katherine] Jackson and Michael Jackson’s children as Michael intended.”
The estate has also paid for Katherine to make “substantial improvements” to the family’s famous Havenhurst estate in Encino, CA.
The estate has also used the money to pay for Jackson’s memorial service and medical bills, as well as $40 million in liabilities to AEG who were the promoters of the concert tour Jackson was rehearsing for when he died.
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