Michael Jackson did not have cash to spend?
Posted on 26. Aug, 2009 by Turbo 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.
