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DJ AM's Estate: We Made a Mistake...

Posted Oct 5th 2009 2:39PM by TMZ Staff

DJ AMPaper work is always a bitch -- and now DJ AM's estate is correcting a minor error that accidentally made the guy out to be one hell of a real estate tycoon!

It's all over papers filed in L.A. County Superior Court last month, which stated AM's real estate property generated $3.5 million PER YEAR.

But the estate now claims they goofed a little bit -- and should've stated that the total value of his real estate property was $3.5 mil.

The estate also noted that AM had a serious debt -- $2.9 million.

But on top of his real estate, AM had another $400,000 in "personal property." So after all of the math, the value of AM's estate stands at a cool $1,000,000.

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Tags: dead, death, DJ AM, dj am estate, DjAm, DjAmEstate, estate, personal property, PersonalProperty, property, real property, RealProperty

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1. By the time it is all said and done, between what he had and his debt, it will probably zero out. You come into this world with nothing and you leave with nothing.

Posted at 2:46PM on Oct 5th 2009 by p51d007

2. FIRST

Posted at 1:54AM on Oct 8th 2009 by LARRY PORTER

3. DJ who? More Jon and Kate please!

Posted at 2:53PM on Oct 5th 2009 by xcrunk

4. balls

Posted at 3:01PM on Oct 5th 2009 by balls

5. Well Ma ,,It looks like you'll end up with a few bucks after the lawyers chew off their portion....Good Luck

Posted at 3:02PM on Oct 5th 2009 by homie1kanobe

6. DJ AM's documentary will AIR on MTV in OCT...check it out, update, update...

http://invazion.wordpress.com/2009/08/28/b-yonest-newz-dj-am-dies-overdose/

Posted at 2:59PM on Oct 5th 2009 by letz byonest

7. More Michael Jackson news, please!!!!!! But, anyway, DJ AM was a human being and it is said he died. So, rest in peace!!!!

Posted at 3:02PM on Oct 5th 2009 by Simone

8. OIC

Posted at 3:12PM on Oct 5th 2009 by Jen

9. who cares he's no mj!!!!!!!!!!!!!

Posted at 3:30PM on Oct 5th 2009 by billiejeanRIP

10. he still has more than most people will ever see

Posted at 1:27AM on Oct 7th 2009 by nikki

11. A million dollars net for basically just playing CDs of OTHER people's music ...... not a bad payday in the end.

Posted at 3:43PM on Oct 5th 2009 by moveover

12. Not bad for a guy whose only talent was operating a record player

Posted at 3:46PM on Oct 5th 2009 by jon

13. He was doing better than the Gosselins. Sure Jon G will find a way to dip his hands into AM's account before the week is over...

Posted at 4:02PM on Oct 5th 2009 by Nicole

14. I don't get it - how do people worth $3.5 million owe $2.9 million? Why don't these people have to pay their bills or taxes like the rest of us? The rest of us miss one payment and it's a federal case. How does a D.J. make milions of dollars anyway? Our priorities are really out of whack - teachers, police, firefighters, soldiers don't make enough to buy a house and a D.J. can be worth milions and not even pay his bills - and he's so depressed that he has to drown his sorrows in drugs. PI TI FUL

Posted at 4:08PM on Oct 5th 2009 by Roxy

15. Roxy, to answer your question .... because people who make 3.5 million dollars live like they're making 4.5 million dollars. Not unlike most Americans who make ie: $60,000 and live like they're making $75,000. It's the great American way. Spend what you make ... plus a little bit more!

Posted at 4:36PM on Oct 5th 2009 by moveover

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