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Michael Jackson Net Worth in 2023
Uncovering The Net Worth Of Michael Jackson: An In-Depth LookWidely regarded as one of the most influential and iconic figures in music, fashion, and pop culture history, it’s no wonder that people are fascinated by Michael Jackson’s legacy.
While his passing was a tragedy for many, questions about the King of Pop’s net worth remain unanswered – until now.
With this comprehensive guide, we’ll uncover how much money Jackson had at the time of his death and explore what assets he held during his lifetime.
Michael Jackson’s Fortune At The Time Of His DeathAt the time of Michael Jackson’s untimely death on June 25th 2009 at age 50 due to cardiac arrest from an overdose of Propofol (a sedative), he had an estimated net worth of $500 million USD according to Forbes magazine.
This estimate includes all assets such as properties owned or leased by him including Neverland Ranch in California, investments made through various businesses owned by him such as publishing rights to some songs written by him like “Thriller” and “Beat It” plus other sources such as royalties received from merchandise sales related to his name/image etc.
, income received from tours undertaken before 2009 etc.
Even though 500 million sounds like a lot, it is important to note that when compared with other artists who were popular around that period – Madonna ($750 million) and U2 ($700 million) – MJ wasn’t doing so well financially.
This was mainly because MJ had been dealing with numerous lawsuits since 2002 which ate away a large chunk out of his fortune.
Source Of Income During LifetimeApart from being a great artist whose works are still celebrated till date even after 10 years posthumously; MJ also earned quite handsomely during his lifetime but unfortunately spent more than he earned due to extravagant lifestyle choices coupled with legal battles taking up more than usual share out of total income earned.
According Sony Music Entertainment records published in 2017; between 1991-2017 there have been 473 Million Album Sales worldwide followed by 1 Billion single sales which means around 1$ Billion USD has been generated over 26 Years span solely via album & singles sale alone not counting additional revenue streams like Merchandise & Royalty earnings making MJ one richest celebrities ever lived.
Investments And Assets Held By Michael JacksonJackson invested heavily throughout life in properties located across various countries around world including USA , France & Bahrain .
He also bought multiple luxurious cars like Mercedes Benz SL55 AMG , Rolls Royce Phantom , Cadillac Escalade ESV along with several motorcycles while spending considerable amount on real estate purchases , interior decorations projects & artworks .
Apart from tangible items ;MJ also ventured into several business projects although none could stand test time .
The most famous among them being Heal The World Foundation dedicated towards helping children suffering poverty or diseases across globe .
ConclusionFrom these facts we can conclude that although Michael Jackson may be gone physically but will continue living through work done during lifetime plus huge collection fans following across globe who helped build brand value for King Pop himself leading way legendary status achieved today !
More Celebrity Net Worth Stories:Want to see more Celebrity Fortunes? Check out James Hetfield Net Worth.
I’ve also written about Jay Cutler Net Worth, so feel free to check that out, or bookmark it for later!