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Michael Jackson Estate

Huge Financial Gains Revealed

8/24/2011 2:45 PM PDT BY TMZ STAFF

0824_michael_jackson_EX
New documents reveal ... Michael Jackson was in such debt at the time he died, his Beatles catalog was almost valueless, but the Estate has worked nothing less than a financial miracle to right the ship.

The docs -- obtained by TMZ -- show that at the time Michael died, his net worth was around $50 million.  Shockingly, the ATV Publishing Trust -- the Beatles catalog -- was valued at only $474,544.  We're told the reason it was so low was because Jackson had borrowed around $300 million against it.

Now, fast forward to October, 2010 -- 15 months after MJ's death.  The net value of MJ's estate -- under the leadership of the Executors -- swelled to $218,964,000.  And get this ... that figure doesn't include $185 million the Estate paid out for loans, family allowances, interest, paying off the Hayvenhurst mortgage, etc.

There are no figures for the current value of the Estate, but sources say it's worth much more than the valuation in October, 2010.

Short story -- Michael could be entering Elvis territory.

168 COMMENTS

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31.

Dennis Johnson    

Yea Paul tried to help MJ and got back stabbed for it.MJ is dead and now people that know what they are doing and don't have that mindless MJ around to ruin things for them are doing real well and I hope that his kids get their fair share and not get ripped off like MJ did too so many of his friends.

1054 days ago
32.

mj fan forever    

MICHAEL JACKSON WAS NOT IN FINANCIAL DIFFICULTIES AS THE MEDIA LOVE TO MAKE BELIEVE!!! THEN THERE ARE NO DOCS SHOWED SO THIS LOW FIGURE IS NOT AT ALL RELIABLE WELL KNOWING HOW THE MEDIA LOVE TO MAKE APPEAR MICHAEL JACKSON IN A BAD LIGHT!!! THEN THE VALUE OF THE SONY/ATV CATALOGUE WAS ESTIMATED ABOUT $1.5 BILLION BASED ON ESTIMATED PROCEEDS BEETWEEN $50 AND $100 MILLION PER YEAR AND THE ESTATE TAKES HALF THE PROFITS WHILE THE OTHER HALF GOES TO SONY ------ THESE DETAILS ARE REVEALED FEW MONTHS AGO ------ AND THEN IT HAS BEEN A MICHAEL JACKSON DECISION THAT TO CHOOSE BRANCA AND MCCLAIN AS EXECUTORS OF HIS ESTATE BECAUSE WITHOUT MICHAEL JACKSON THEY TWO WOULDN'T HAVE DONE A DAMN THING!!!!

1054 days ago
34.

Anthony    

Makes sense, Michael spent money like a drunken sailor. He pissed away millions and millions on nutty stuff and had an army of people he had to pay to help him exist the way he wanted to. Without him there to spend it all everything that comes in is profit. In 5 years that estate will be worth a few billion dollars.

1054 days ago
35.

HumanNature    

OhWell


I WOULD SAY THE SAME THING CONCERNING THE "KING" FINANCES!!!!!


IT'S NOBODY DAMN BUSINESS BUT THE HEIRS AND ESTATE!!!!!


BESIDES, CON "QUACK" THE MURDERER FINANCES SHOULD BE EXPOSED SINCE HE IS EAGER TO BE IN THE "SPOTLIGHT"!!!!

1054 days ago
36.

PRO US    

The family members are making so much money off his estate since his death, they must be celebrating every day, crying in their champagne, truffles and caviar in their luxury homes, cars and planes how much they miss him.

1054 days ago
37.

lance    

All that money is going to some white kids that are not even his. Oh the irony.

1054 days ago
39.

Dee    

This **** is all a lie I can assure you. I just did an interview with Lynton Guest the best selling author of the Trials of Michael Jackson and uh this **** I assure you is all a lie. Mike was never broke he was actually systematically broken on purpose. The sadistically evil empire Sony is behind much of his financial and career problems. The media lies and lies and lies some more. Want the truth read Lynton Guest book also read Leonard Rowe's book What really happened to Michael Jackson and then go on go ahead and read La Toya's book Starting Over. Mike had to wear a bullet proof vest in public ever since 2001 when he went up against Tommy Matolla the ****** he helped get that damn job. These 3 books alone will **** ya mind up and show you proof of how dirty this industry is and how they ****** our boy and then murdered him. This issue far surpasses music, this is about a global coup and Mike as a generator of capitol for it.

Dont believe a damn thing the media says about Mike. Nothing they say is true and Branca and McClain heads of the estate bush wacked their ways to that position, Mike fired them years ago and the will putting them in charge is a fake. What type of people will confiscate all Mike's belongings I mean all and not allow even his kids a glove or a sweater. His family has to go to auctions to try and get some of his belongings.....What type of men will tell the woman that gave birth to Michael Jackson she cant speak or use the name she gave him in public without their approval. Justice for Mike is not happening in an LA court its not happening in the world press it just not happening its all lies. These people invaded Mike like a nation its all out war against him and the family are being held up at gunpoint in broad ******* daylight.

Aiight yall my investigation continues. Im a writer working on a book and deeply involved in searching for the truth. You too if you Love him search and question. Mike was killed cause he Loved and tried to warn us, cause they wanted his empire. Mike had veto rights and was on the board of directors at Sony/ATV he literally owns half of music.. Sony is the second largest music label in the world and Sony/ATV is also in the top 3 music publishing giants on the planet. Mike was never broke, they created FALSE law suits against him so that his assets were frozen and he would be forced to borrow against his catalog which consisted of far more than the Beetles, try every damn artist you can think of.

Im not angered Im just stressing something.

Informing and becoming informed is an act of Love. I Love you all thanks for reading xxx

1054 days ago
40.

jaye    

The Estate managers are worth their weight in gold. Michael Jackson was just wasteful with his money living a life of excess when he really couldn't afford it. He was going back to work because he couldn't continue living as he was without income. The estate is much richer than Jackson has been in many years prior to his death.

1054 days ago
41.

mj    

http://www.tmz.com/2009/08/25/michael-jackson-cash-poor-net-worth-neverland-beatles-catelog-net-worth/#.TlWXqXjzwyM

TMZ says Sonyatv is worth 1.1 billion dollars and Michael Jackson's net worth as of his death was 1.3 billion after subtracting all of his loans. They also put his debts at $331 million.
TMZ called the article "Michael Jackson very cash poor" because he was worth more than a billion but had $668,000 in cash.

1054 days ago
42.

Murph    

There is no way the catalogue was valueless. What a load!

1054 days ago
43.

check yourself    

So, Frank DiLeo passed earlier today. I'm sorry for his family's pain. RIP Frank.

Needless to say, the blurred convoluted story lines between what Frank knew and actually did or didn't know about Tohme's incl. his own involvement with AEG concerning Micheal (interviews all over YT) and "management" of Micheal and what HE himself was involved, in between or IN, any of it... has now, obviously, goes POOF right along with him. Hmm.

.... "timing" (trial in less then a month) is certainly interesting.

Just sayin'...

No secret Frank was mafia. His on screen role in GoodFellas suited him perfectly. Why wouldn't it have been, right.

*** sigh ***

1054 days ago
45.

denise    

America's fascination with this pedophile is very sad. At least Elvis never slept with boys.

1054 days ago
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