Micheal Jackson’s estate has raked in $2billion since his death

When Michael Jackson died on June 25th 2009 at the age of 50, his estate was bankrupt, but in the 6 years since his passing, a fortune has been made under his name.

According to TMZ

The estate has grossed nearly $2 billion since MJ’s death. The money comes from the movies “This is It,” the Cirque show “Michael Jackson: The Immortal World Tour,” 50 million albums sold and various other ventures.

After expenses, that $2 bil gets whittled down to around $800m – which is a very good return. But the $800 mil gets significantly cut by taxes – we’re told to around $450 mil.

MJ’s debts at the time of his death were around $500 million, so just on those 2 numbers the estate approaches being in the black.

But there are other ventures, like Sony, where the estate generates a lot of cash.

As for Michael’s kids, there’s a trust where millions gets distributed as they get older.

Prince, 18, Paris, 17, and Blanket, 13 – are now richer than he ever was as they can now each inherit $100 million if they choose to liquidate his estate.