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Tuesday, June 30, 2009

Michael Jackson Left A Financial Mess Behind


Michael Jackson, the man they called "The King of Pop," worried he would end up dead like "The King of Rock 'n' Roll" Elvis Presley, the father of his ex-wife Lisa Marie. Jackson's worries are proving to be prophetic.

Already, the price of Jackson memorabilia is soaring. Pop culture expert Gary Sohmers, who also is an appraiser on "The Antiques Roadshow" told DailyFinance that he saw a reproduction of a Jackson autograph fetch $1,400. Jackson's actual autograph fetches about $400 to $800. Sohmers, a former music promoter who runs allcollectors.com, cautions would-be collectors against buying into Michael mania.


Settling Jackson's estate will be complex. Media reports indicate that the entertainer was $500 million dollars in debt when he died, despite having made $700 million as a performer over his career.


There's also the matter of what will happen to his three children. His mother Katherine's efforts to seek legal custody of the the kids, including "Blanket", who Jackson infamously dangled out of the window, are being opposed by Deborah Rowe, the mother of two of them.


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3 comments:

  1. I bet that if they tested the DNA, it would show that MJ is not related to those kids in any biological way.

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  2. Oops. Didn't see the post below this one.

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