Michael Jackson's estate may be making serious money, but they are also dealing with claims upwards of $20 million, sources tell TMZ.
We're told the best guess is that when the door finally shuts on people who claim Michael Jackson owed them money, the grand total will exceed $20 mil. That includes a $5 million claim from a memorabilia collector, a $1 million claim from someone who wants a cut of the "Thriller" music video, a $2.3 million claim from Dr. Tohme Tohme and a $1.5 million claim from a law firm (there are a number of other law firms that want a piece of the estate).
That does not mean -- by any stretch -- the estate will pay all the claims. We're told some of them are patently bogus and lawyers for the estate will not pay, unless a judge orders them to ante up.
See More
Reader Comments
(Page 1 of 27) | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments
I suspect it will be bigger than that TMZ. MJ owed a lot and refused to pay people. Plus the lawyers who are defending the MJ estate...it's going to cost millions to defend from all these lawsuits as well. Harvey you know this. I suspect the MJ estate owes something more like 50 to 100 million and at the end there won't be much left.
Huh, I would have actually thought it would have been more than 20 million. Not so bad. Considering this estate will remain VERY profitable for many years to come. I don't think those kids have a thing to worry about. I'm glad.
Posted at 12:40AM on Jan 3rd 2010 by Missy
*******************************************************
Missy M?
6. I suspect it will be bigger than that TMZ. MJ owed a lot and refused to pay people. Plus the lawyers who are defending the MJ estate...it's going to cost millions to defend from all these lawsuits as well. Harvey you know this. I suspect the MJ estate owes something more like 50 to 100 million and at the end there won't be much left.
Posted at 12:40AM on Jan 3rd 2010 by Missy
No, I've read the creditors and claimants listed against MJ's estae. There are very few creditors for an Estate this size...MJ is worth millions (probably billions) and has made nearly $200M since he passed. You're an iddiot! Read the Case Summary file, it's on line! And TMZ already says many are BOGUS. This is nothing new for an estate this size.
2010 by janalal4
ah, you're pmiller...an internal! i always wondering how and why you all come on at the same time. what happened to 'deb' who did she morph into?
crackin up!
Hey Chico try some LSD in a drink it's good for ya.Not on that ISLAND off MEXICO baby DEADLY NIGHTSHADE
Ahhh....Its That Creepy Wacko Face Again Run, Hide The Childern.
$20Million, that's it. and yes i would imagine many are bogus. nothing will be paid out...because they're having a hearing to see if Will is even valid.
funny how TMZ just pulls this up at 10:00pm PST on a Saturday - holiday weekend...what, did they just have a conversation with one of the estate attorneys.. crackin' up.
13. Ahhh....Its That Creepy Wacko Face Again Run, Hide The Childern.
Posted at 12:50AM on Jan 3rd 2010 by OhWell
this person too, always first on every story. well, you too are an internal TMZ troller, a dumb one at that who can't spell. Shame on you, you should be kissing the ground MJ walks on because if it wasn't for thes MJ Stories, you'd have nothing to talk or write about. MJ stories give you people more attention and hits than any other celebrity!
You TMZ people suck. I wonder if MJ and his family know how you talk about him. He's frickin' paying your bills too. MORONS!
That's chump change to Mr Jackson. Just all part of the bigger show. Settle debt to get on to bigger and better things. Isn't that right TMZ?
15. Damn He Was One Ugly Man
Posted at 12:52AM on Jan 3rd 2010 by OhWell
Oh, did you just get in. go take a break. go get an in-out burger...we can see you, ya know!
Cat...mouse
Rat..mouse
chicken...egg
cat...tongue...
he, he, he....some people have relatives who work at TMZ and know what's going on, would you like me to explain....?????
Why would TMZ put a story up in the middle of the night? On a Saturday night no less? I mean the only people who are up really are those on the West Coast. I just happen to be up because my husband and I watched a movie and I am researching an old board.
Why not put the board up when there is more traffic during the day?
