Michael Jackson’s kids hit $5bn jackpotOctober 11th, 2009 - 3:31 pm ICT by ANI
London, Oct 11 (ANI): Late singer Michael Jackson’s kids are likely to inherit more money than their father ever had in the bank, say analysts from America’s Forbes magazine.
With the fan frenzy following the ‘Thriller’ hitmaker’s death, Jackson’s three kids Prince, 12, Paris, 11, and Blanket, 7, have hit a jackpot of 5 billion dollars.
Jackson’s spendthrift lifestyle ended up with debts of 400million dollars.
“I don’t think they’ll ever have to work a day in their lives,” the Daily Star quoted Matthew Miller, senior editor at Forbes, as telling E! Entertainment in a programme Michael Jackson: Where’s The Money?
A new TV documentary will reveal only 20pct of the songs recorded by the King of Pop have ever been released.
Moreover, the ‘This Is It’ movie and double album later this month will bring in a flood of cash, which will eventually be used to repay Jackson’s debts,
Miller believes that the children are unlikely to copy their dad’s spendthrift lifestyle.
He said: “When Michael couldn’t repay one loan, he’d get another to cover it until eventually he sank into uncontrollable debt.” (ANI)
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