If you’re wondering: who inherited Michael Jackson’s net worth?, you’re not alone. Approximately half of the singer’s estate will go to his three children. His will gives them each $33 million as allowances until they turn 21. The remainder will be given to them when they reach 35 and 40, respectively. Jackson’s third child, Prince, has a net worth of $100 million.
Michael Jackson was a pop icon and earned a net worth of $160 million when he died in 2009. The estate has also enjoyed a resurgence in recent years, including the production of a concert film and the strategic selling of assets. However, despite all the good things that happened to the estate during his life, there were numerous allegations of child sexual abuse. The estate had to settle a lawsuit for $25 million to settle the allegations and was not considered a viable option for bankruptcy.
While Michael Jackson was owed nearly 125 billion dollars to the United States government, the estate was still worth $432 million, according to the IRS. The estate also had debts of more than $125 billion to the federal government, making it difficult to determine who will inherit the estate. Despite all the legal arguments, the estate has made significant strides to avoid potential lawsuits. Regardless, the ultimate answer remains to be determined. And the resulting decision is likely to make his kids very happy.
Despite the death of Michael Jackson, his kids are still receiving allowances worth $8 million. The estate passed to the children, but a good portion of it went to various charities. In addition to the children, the Jackson net worth of the Jackson family remains unclear. The Jacksons’ children were given the largest share of the money from their father’s estate. However, their father left 40% of the estate to Katherine.