Michael Jackson did not have cash to spend?
Posted on 26. Aug, 2009 by admin in Entertainment
Michael Jackson who was a millionaire and more on paper had just $668,215 as cash in bank when he died, that’s just 0.05% of his networth which was estimated to be at $1,360,839,979. Well, a person that Jackson is, he could simply blow that cold cash off on a trip to any of his favorite antique stores.
Breakdown of Jackson’s assets:
Realty property: $73,475,000 (His Neverland value at $66,875,000 and his Encino Home’s value at $6,600,000)
MJ Publishing Trust: $85,000,000
Media Archival materials: $20,000,000
Automobiles, antiques, collectibles and other personal property: $20,000,000
Restricted cash: $10,696,764
Professional equipment: $1,000,000
Combined assets: $1,360,839,979
Jackson was a lot rich on paper but he was actually cash broke and was not having much cash to spend. It could be reason why he was not paying his pharmacy bills.
there is no doubt that Michael Jackson is the best ever pop music artist of the Centruy-*.