The pop star passed away in 2009. The documents, requested by the executors of his estate, reveal in detail just how struggling the 13-time Grammy Award winner (the Oscars of music) was.
At the time of his death, Michael Jackson had debts of half a billion. The Guardian writes this citing legal documents. The pop star passed away in 2009. The documents, requested by the executors of his estate, reveal in detail how difficult the 13-time Grammy-winning artist (the Oscars of music) was in. Before his death, Jackson was about to embark on “This Is It”, a colossal 50-date tour that was supposed to start in London. Once the tour was cancelled, the debts towards Aeg, the promoting agency, accumulated, furthermore the star was dealing with various legal actions both in the USA and abroad. Her current beneficiaries are her mother Katherine and her children Prince, Paris and Blanket, however her executors claim there has been no financial distribution to them due to US tax problems. Over the course of his career, Jackson sold over 400 million records. In 1997 he was inducted into The Rock and Roll Hall of Fame as a member of the Jackson 5 and in 2001 as a single artist.
