How Michael Jackson earned billions even 'after his death'

By

Michael Jackson birthday

On August 29, 1958, 'King of Pop' Michael Jackson was born in Gary, Indiana (United States)

Michael Jackson birthday

On May 25, 2009, Michael Jackson's death shocked the entire world and the entire music industry of the world expressed their grief

Michael Jackson birthday

However, the 'King of Pop' continued to earn billions even after his death

Michael Jackson birthday

Reportedly, 'late' Michael Jackson has made a staggering $1.3billion (£801.4million) since his death

Michael Jackson birthday

Michael's post-death earnings came from a number of sources, including his estate selling investments as well as his own leftover money

Michael Jackson birthday

As per Billboard, Michael was reportedly in $400million (£303million) of debt at the time of his death, which was perhaps part of the reason behind his huge comeback tour in London

Michael Jackson birthday

Michael had left most of his estate to his mother, Katherine, and three children, Paris, Prince and Blanket, which was worth a net of $500million (£387million.)

Michael Jackson birthday

Decisions on future sales were then taken by the estate, which was reportedly aided by Michael’s siblings as the King of Pop's children were minor, and there were various sales to take place, including of his ranch and some of his music rights