How Much Money Did Michael Jackson’s Kids Inherit From His Passing?
It’s been close to eleven years since The King of Pop, Michael Jackson, unexpectedly passed away in his home at just 50 years old. While his death has caused many questions to arise over the years, his final moments haven’t been the only thing fans have wondered about this past decade.
Since Jackson was worth quite a lot of money at the time of his death, many want to know, did his three children Prince, Paris, and Blanket Jackson inherit most of his estate, and if they did, how much money did each child receive?
Michael Jackson is regarded as one of the greatest entertainers in history
Jackson shot to fame in 1968 when he and his four brothers, Jackie, Tito, Jermaine, and Marlon, signed to Motown Records as The Jackson 5.
During their time at Motown, the group had multiple consecutive number-one hits on the Billboard Hot 100 charts, including “I Want You Back,” “I’ll Be There,” “ABC,” and many more.
Though they achieved mega-success under the supervision of Berry Gordy and his Motown staff, the Jackson 5 severed ties with the record label in 1976 and began working with Epic Records, where they were allowed more creative control over their music.
In 1979, Michael released his first and best-selling solo record Off The Wall, which established him as a solo performer and helped him move from teeny bopper pop to more complex sounds.
After that, Jackson continued to explore different ways to stand out from the masses in the music industry and soon became one of the most innovative and defined artists of the 20th century.
From his movie-like music videos to his groundbreaking dance moves to his lyrics and his sound, Jackson, without a doubt, set the bar high for musicians who followed.
The singer’s death shocked the world
In June 2009, news surfaced that Jackson had passed away after going into cardiac arrest inside his home in Holmby Hills, Los Angeles, just three weeks before his This Is It tour was set to begin.
The story made headlines across news outlets around the world and even caused websites to slow down and crash from user overload.
As fans and fellow celebrities grieved Jackson’s death, television stations aired marathons of his music videos, movies, and past interviews/specials to pay tribute to his unmeasurable legacy.
A month after his passing, Jackson’s memorial service was held at the Staples Center in LA. Hundreds of thousands of mourners attended the public event, and countless more around the world watch the ceremony on TV.
The memorial was one of the most-watched events in streaming history, with an estimated US audience of 31.1 million.
He reportedly left most of his estate to his mother and three children
With Jackson having a net worth of $500 million at the time of his death, many wondered how his assets would be split amongst his loved ones, especially since he came from a large family.
In October 2009 — four months after the King of Pop’s death — it was reported by TMZ that 40% of his estate went to his mother, Katherine Jackson.
In an additional statement, it was revealed that the Jackson matriarch would be given $86,804 per month for the rest of her life, and once she passes, her trust will go directly to Michael’s children.
Jackson left behind three kids when he died – Prince Michael Joseph Jackson (born 1997), Paris-Michael Katherine Jackson (born 1998), and Prince Michael Jackson II, also known and “Blanket” or “Bigi” (born 2002).
Jackson had his two oldest children with his second wife, Debbie Rowe, who he was married to from 1996-1999. His youngest son was born via surrogate.
As for the remaining 20% of Jackson’s estate, that was donated to various charities.