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American singer, songwriter, record producer, and philanthropist Michael Jackson who has an estimated net worth of $600 million.
Jackson started his musical career when he joined the Jackson Brothers in 1964. A year later, he became the lead vocals with his older brother, Jermaine. During his stint, the group renamed as Jackson 5 and had numerous chart-topping singles. He began his solo career in 1971.
With the success of his albums and numerous world tours, Jackson has been known as the King of Pop. His controversial life became public when the allegation of child molestation surfaced in 1993 and 2003.
Billboard revealed that the estimated net worth of Michael Jackson is larger than what it was when he was still alive. They also claimed that the MJ Inc. acquired a total revenue of not less than $1 billion a year after his death due to the artist’s new record deal with Sony Music which would extend until 2017, plus his successful concert films. Billboard deeply examines the various revenue streams that have entered the Jackson estate from 2009-2010.
Michael Joseph Jackson was born on August 29, 1958, in Gary, Indiana. During the height of his career, he married Elvis Presley's daughter, Lisa Marie on May 26, 1994. Then, while in Sydney, Australia for his HIStory Australian leg, he tied the knot with his longtime friend, Debbie Rowe in 1996 and had two children, Paris-Michael Katherine and Michael Joseph Jr.
Meanwhile, on February 22, 2002, his third child, Prince Michael II was born which the identity of the surrogate mother is unknown. Just a few weeks before the start of his much-anticipated series of comeback concerts, This Is It that was supposed to be held at London's O2 Arena on July 13, 2009.
Someone from 911 received a call at Jackson's rented mansion in Holmby Hills, Los Angeles, California on June 25, 2009, at around 12:22 pm. He was pronounced dead at 2:26 pm Pacific time.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2009 |
Sponsorship |
Sales of White Diamonds perfume |
$53,000,000 |
|
2008 |
Royalties |
Annual revenue of the deal with Sony Music Entertainment to release 10 albums until 2017 |
$31,000,000 |
|
2008 |
Sale of Asset |
Sony Pictures bought Jackson's rehearsal footage from AEG |
$60,000,000 |
|
2008 |
Royalties |
Annual revenue of Mijac |
$25,000,000 |
|
2008 |
Royalties |
Total revenue This Is It DVD in the US |
$43,000,000 |
|
2008 |
Earnings |
AEG/This Is It merchandise deal |
$10,000,000 |
|
2008 |
Royalties |
Total earnings overseas of Michael Jackson: This Is It concert film |
$188,000,000 |
|
2008 |
Misc. |
Merchandise sales in the concert |
$5,000,000 |
|
2008 |
Royalties |
Annual earning from the total revenue of Sony/ATV |
$80,000,000 |
|
2008 |
Royalties |
Licensing royalties and retail sales |
$10,000,000 |
|
2008 |
Ticket Sales |
Total ticket sales of the This Is It Tour in London despite its cancellation |
$6,500,000 |
|
2008 |
Royalties |
Total earnings of Michael Jackson: This Is It concert film in the U.S. |
$72,000,000 |
|
2008 |
Asset |
Estimated value of Mijac, a music publishing company |
$150,000,000 |
|
2008 |
Royalties |
Total rental revenue of the DVD |
$25,000,000 |
|
2008 |
Royalties |
Total earnings of Michael Jackson: This Is It concert film in Japan alone |
$56,000,000 |
|
2008 |
Royalties |
DVD sales of the concert film for PS3 |
$18,000,000 |
|
2008 |
Event |
Earnings from the exhibit of his memorabilia in Japan |
$3,500,000 |
|
2000 |
Record Sales |
Estimated record sales from the album, Invincible (2 million copies sold in the US) |
$3,000,000 |
|
1994 |
Record Sales |
Estimated record sales from the album, HIStory: Past, Present and Future, Book I (7 million copies sold in the US) |
$10,500,000 |
|
1990 |
Record Sales |
Estimated record sales from the album, Dangerous (7 million copies sold in the US) |
$10,500,000 |
|
1986 |
Record Sales |
Estimated record sales from the album, Bad (10 million copies sold in the US) |
$15,000,000 |
|
1981 |
Record Sales |
Estimated record sales from the album, Thriller (33 million copies sold in the U.S.) |
$49,500,000 |
|
1978 |
Record Sales |
Estimated record sales from the album, Off The Wall (1.8 million copies sold in UK) |
$2,700,000 |
|
1978 |
Record Sales |
Estimated record sales from the album, Off The Wall (8 million copies sold in the US) |
$12,000,000 |
|
1971 |
Record Sales |
Estimated record sales from the album, Ben (60 thousand copies sold in UK) |
$90,000 |
|
1971 |
Record Sales |
Estimated record sales from the album, Got To Be There (500 thousand copies sold in the U.S.) |
$750,000 |
