Michael Jackson was $500 million in debt when he died. However since his death he’s made a profit, being one of the highest earning dead celebrities in the world.

Was Michael Jackson In Debt Before He Died? A Look At The King of Pop’s Finances

Michael Jackson was allegedly millions of dollars in debt when he died in 2009. The King of Pop was majorly in debt after his death, a forensic accountant testified in 2013, according to the Los Angeles Times. The topic broke during Jackson’s 2013 wrongful death trial.

The forensic accountant, William R. Ackerman, alleged Jackson was forced to pay annual debt payments of $30 million. Where his money went exactly, Ackerman explained, was to interest from the debt he’d acquired, along with lavish expenses.

“He spent a lot of money on jewelry,” Ackerman laughed during the trial. Jackson received royalties from his music catalog annually, but it wasn’t enough to keep him out of debt. The musician’s extreme debt started in 1994 with $30 … Continue Reading (2 minute read)

7 thoughts on “Michael Jackson was $500 million in debt when he died. However since his death he’s made a profit, being one of the highest earning dead celebrities in the world.”

  1. Onefortwo

    It doesn’t specifically state he had a negative net worth though. I guess the article is implying a negative net worth position but there is no mention to the value of the assets he has.

    It’s like saying the new World Trade Center has 3 billion dollars worth of debt and has 100 million in debt payments each year. Sounds scary but this doesn’t mention how much the building itself is worth, how much income is generated from it each year and the net profit and loss.

  2. Bomboclaat_Babylon

    Man. I wish I could go 500 mil in debt…

  3. liquid_at

    Quite remarkable how your wealth rises when you have a monthly income but can’t spend it.

  4. HelloPeopleOfEarth

    well, he stop spending in death

  5. jcd1974

    Dying was a good career move.

  6. acidus1

    How do you even get into that much debt to begin with?

  7. grigorian

    Hear that Michael? You can come back now

Leave a Comment