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Economic Times
17-07-2025
- Entertainment
- Economic Times
Michael Jackson died in debt, but how come his kids are worth $150 million and living in luxury homes across California
Synopsis Despite Michael Jackson's significant debt at the time of his death in 2009, his children, Prince, Paris, and Bigi Jackson, have become multimillionaires. Their wealth, estimated at $150 million each, has grown substantially due to music royalties, merchandise, and strategic media deals managed by the Jackson estate. The estate's value has surpassed $2 billion, significantly benefiting Jackson's heirs. ANI Despite inheriting a legacy mired in debt, Michael Jackson's three children Prince, Paris, and Big, have turned their fortunes around. Today, each is reportedly worth $150 million and living in luxurious California estates. Michael Jackson died in 2009 with over $500 million in debt, yet his three children, Prince, Paris, and Bigi, are now multimillionaires living in luxury. Today, they each reportedly have a net worth of around $150 million. Their wealth has grown thanks to soaring music royalties, merchandise, and lucrative media deals struck by the Jackson estate since the pop icon's Jackson's financial troubles made headlines at the time of his passing, his estate has rebounded dramatically. Revenue from his music catalogue, the stage show MJ: The Musical, and licensing deals has pushed the value of the estate beyond $2 billion. Also Read: Ali Hazelwood's romance era hits the screen; what 'The Love Hypothesis' starring Tom Bateman reveals about Gen Z's dating fantasiesA major boost came in 2023 when Sony Music Group acquired half of Jackson's music catalogue for $600 million, the largest deal of its kind for a single musician's work. That windfall directly benefited Jackson's heirs. According to his will, 40 per cent of his estate went to his three children, 40 per cent to his mother Katherine, and the remaining 20 per cent to charity. Michael's eldest son, Prince Jackson, now lives in a $2.2 million home in Rancho Palos Verdes, California. A business graduate from Loyola Marymount University, Prince co-founded the Heal Los Angeles charity and prefers a quieter life away from he dabbled in entertainment early on, including a cameo in 90210, he later said, 'I didn't get that gene,' referring to his father's stage Jackson, born in 1998, followed her father's footsteps into showbiz. She's acted in films like Gringo and shows like American Horror Story, modeled for top brands including KVD Beauty, and released her own music, including the 2020 album has also purchased and sold several high-end homes. Her most recent residence is a $3.8 million Hollywood Hills estate complete with a pool, art studio, and home personal struggles after her father's death, Paris has openly spoken about her recovery and celebrated five years of sobriety this youngest son, Bigi (formerly known as Blanket), is the most private of the siblings. In 2020, shortly after turning 18, he bought a $2.6 million home in Calabasas, California. The six-bedroom property sits in a gated community with round-the-clock his older siblings, Bigi has largely avoided the spotlight but reportedly enjoys hobbies and keeps a low Michael Jackson's financial mismanagement once cast a shadow over his estate, careful handling by estate executors, including smart licensing and media ventures, has restored and even expanded his legacy's value. Explore More Stories
Time of India
17-07-2025
- Entertainment
- Time of India
Michael Jackson died in debt, but how come his kids are worth $150 million and living in luxury homes across California
Michael Jackson died in 2009 with over $500 million in debt, yet his three children, Prince, Paris, and Bigi, are now multimillionaires living in luxury. Today, they each reportedly have a net worth of around $150 million. Their wealth has grown thanks to soaring music royalties , merchandise, and lucrative media deals struck by the Jackson estate since the pop icon's death. Though Jackson's financial troubles made headlines at the time of his passing, his estate has rebounded dramatically. Revenue from his music catalogue, the stage show MJ: The Musical, and licensing deals has pushed the value of the estate beyond $2 billion. Explore courses from Top Institutes in Select a Course Category MCA Healthcare Technology Leadership Artificial Intelligence Project Management MBA Data Analytics CXO healthcare Digital Marketing Finance Others Data Science Design Thinking others Public Policy PGDM Management Degree Product Management Operations Management Data Science Cybersecurity Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details Also Read: Ali Hazelwood's romance era hits the screen; what 'The Love Hypothesis' starring Tom Bateman reveals about Gen Z's dating fantasies by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo A major boost came in 2023 when Sony Music Group acquired half of Jackson's music catalogue for $600 million, the largest deal of its kind for a single musician's work. That windfall directly benefited Jackson's heirs. Live Events According to his will, 40 per cent of his estate went to his three children, 40 per cent to his mother Katherine, and the remaining 20 per cent to charity. Prince Jackson: Living in Rancho Palos Verdes Michael's eldest son, Prince Jackson, now lives in a $2.2 million home in Rancho Palos Verdes, California. A business graduate from Loyola Marymount University, Prince co-founded the Heal Los Angeles charity and prefers a quieter life away from Hollywood. Though he dabbled in entertainment early on, including a cameo in 90210, he later said, 'I didn't get that gene,' referring to his father's stage presence. Paris Jackson: Actress, Model, and Musician Paris Jackson, born in 1998, followed her father's footsteps into showbiz. She's acted in films like Gringo and shows like American Horror Story, modeled for top brands including KVD Beauty, and released her own music, including the 2020 album Wilted. She has also purchased and sold several high-end homes. Her most recent residence is a $3.8 million Hollywood Hills estate complete with a pool, art studio, and home theatre. Despite personal struggles after her father's death, Paris has openly spoken about her recovery and celebrated five years of sobriety this year. Bigi Jackson: The Quietest of the Three Michael's youngest son, Bigi (formerly known as Blanket), is the most private of the siblings. In 2020, shortly after turning 18, he bought a $2.6 million home in Calabasas, California. The six-bedroom property sits in a gated community with round-the-clock security. Unlike his older siblings, Bigi has largely avoided the spotlight but reportedly enjoys hobbies and keeps a low profile. How they built wealth from a legacy Though Michael Jackson's financial mismanagement once cast a shadow over his estate, careful handling by estate executors, including smart licensing and media ventures, has restored and even expanded his legacy's value.
Wall Street Journal
02-06-2025
- Business
- Wall Street Journal
Universal, Warner and Sony Are Negotiating AI Licensing Rights for Music
Major music companies are negotiating licensing deals with two startups that could set a new precedent for how songs are used and artists are paid for remixes generated by artificial intelligence. Universal Music Group, Warner Music Group WMG -1.33%decrease; red down pointing triangle and Sony Music Group want to be compensated by startups Suno and Udio when music by artists they represent is used to train generative AI models and produce new music, according to people familiar with the talks.
