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Michael Jackson

Estate Clears MJ's Massive

Debt ... Almost

7/13/2012 12:14 PM PDT BY TMZ STAFF
EXCLUSIVE

0713_michael_jackson
Michael Jackson
's estate has made a fortune since the singer's death -- so much in fact ... it's nearly paid off $500 million in debt the King of Pop left behind when he died.

Executors for the Estate filed legal docs -- obtained by TMZ -- which show the Estate has generated gross earnings exceeding $475 million as of the end of May. 

According to the docs, all of MJ's debts have been paid, with the exception of a BIG debt involving Michael's publishing catalog ... and executors expect that will be fully paid off by the end of the year.

It's not only good news for the Estate ... it's great news for the small army of lawyers who have been handling all the legal and business affairs.  Their fees -- from May, 2010 through November, 2011 -- exceeded $13.6 MILLION!

Two other things ... Katherine is asking for an additional $34,700 a month to pay for lawyers and accountants, and another $205,041 to cover lawyer and accountant fees from 2011.

Final thing --There are still some unresolved creditors' claims and several lawsuits to clear up.

All in all ... not a bad turnaround.

222 COMMENTS

No Avatar
31.

@KuulB    

Those accountants are doing a great job

731 days ago
32.

MiMi    

Utah Symphony to let its hair down during 'The Music of Michael Jackson'

----------

A classical twist on the music of Michael Jackson — some would say you just can’t “beat it.” That’s especially true when you’re sitting slope-side at Deer Valley under a blanket of stars.

In kicking off its ninth annual Deer Valley Music Festival, the Utah Symphony will tackle Michael Jackson’s 40-year span of mega-hits, ranging from The Jackson 5’s “ABC” to “We are the World” during “The Music of Michael Jackson,” July 14 at 7:30 p.m.

No stranger to the symphony is guest conductor Brent Havens, who has arranged and conducted Led Zeppelin, Eagles and Queen tribute concerts for the festival in past years.

Also enlisted is vocalist James Delisco, a Broadway alum who is best recognized for his big win on the E! network’s series “The Entertainer.”

“This is not an impersonation,” says Havens. “But,” he adds, “that’s not to say James won't toss in a moonwalk.”

Havens describes the evening’s concert as much more pop than classical. “It has the synchronized light show and rock concert atmosphere. With the orchestra are a band, Delisco and backup singers.”

Of the music itself, Havens says it was fairly easy to add a full orchestra. “Michael Jackson’s music is so rich. Many of the songs we chose already had great instrumentalism like brass ballads or strings,” he says. “Instead of trying to re-create it or do my own version, I used the orchestra as a counterpoint and to add shade and color.”

In other words, the music isn’t Muzak.

“It is a time for us to celebrate and give tribute to the 40 years of music that Michael has given us. Delisco himself is an impassioned fan whose life’s work is inspired by the 'King of Pop.'"

http://www.deseretnews.com/article/865558955/Utah-Symphon...

731 days ago
33.

MiMi    

Book claims Michael Jackson gay
.......................................................
Michael Jackson had an "insatiable" appetite for gay sex, it has been claimed.


The late Beat It singer's unofficial biographer Ian Halperin claims to have spoken to two of the star's male lovers, including an actor named only as Lawrence.


Lawrence told the author: "He was very shy. But when he started to have sex, he was insatiable."


According to Halperin - who makes the allegations in his book 'Unmasked: The Final Years of Michael Jackson' - "virtually everyone" around the singer knew he was gay and he used to meet lovers in a run-down motel dressed as a woman.


One alleged lover said: "The very first time he had sex with me he said, 'The King of Pop's going to lick your lollipop.' I still laugh thinking about that."


Jackson moved to Los Angeles in 2007 and barely left his home, except to meet one of his lovers for secret liaisons.


A source told Halperin: "He met a construction worker and fell madly in love with him. Michael would leave the house in disguise, often dressed as a woman, and would go to meet his boyfriend at a motel that was one of Vegas' grungiest dives. Michael was broke. He struggled to put food on the table for his children. It was all he could afford then."


Halperin added: "A close aide of Jackson who confirmed the affair to me said that he had no knowledge of what went on behind closed doors at the motel.


"But the aide said Jackson would dress as a woman after midnight to meet a worker employed by the city of Las Vegas."

731 days ago
34.

MiMi    


Bet you will be getting your tickets for the symphony eh UnWell?


I mean, seeing you live in Utah and all.......

731 days ago
35.

annie    

I bet a lot of black fans helped clear his debts by buying his albums and supporting everything the estate put out. The joke is on them because Jackson did not want to be black, nor did he want black children, when all the debts are paid off, white kids are getting all the money. Pathetic fools stanning for a man who did not like them or would want to raise children that looked like them.

731 days ago
36.

HumanNature    

Annie


I bet a lot of black fans helped clear his debts by buying his albums and supporting everything the estate put out. The joke is on them because Jackson did not want to be black, nor did he want black children, when all the debts are paid off, white kids are getting all the money. Pathetic fools stanning for a man who did not like them or would want to raise children that looked like them.


FIRST OFF!!!!


IT'S SPELLED "STANDING"!!!!!


TOO "SIMPLE" TO COMMENT!!!

731 days ago
37.

Kathy    

Where is the Phantom?

731 days ago
38.

Glenda in Texas    

My beloved. Missing you lots.

731 days ago
39.

HumanNature    

THE "KING"


MICHAEL JACKSON

731 days ago
40.

CriticXtreme    

You presence is still missed MJ!

730 days ago
41.

Bill Leslie    

That dude was one f'ed up psycho molester but in some ways its sad that the only thing wrong with Michael Jackson Inc was Michael Jackson.

730 days ago
42.

Raejean    

Yup, worth more dead than alive.

730 days ago
43.

Kimbo    

It is indeed very sad when a fame whore's fame is worth more dead than alive.


Well actually, not just that, that pedo queen's live was actually worthless alive. Now that is a tragedy!


If a person thinks that he/she is better off dead, you may call it depression.


However, when it is proven that a person is actually better off dead, then the person is really a skumbag, his life and existence is meaningless. How sad was it for MJ to live a meaningless life!

730 days ago
44.

sonal    

weird

730 days ago
45.

HumanNature    

Jam by Michael Jackson


Nation To Nation
All The World
Must Come Together
Face The Problems
That We See
Then Maybe Somehow We Can Work It Out
I Asked My Neighbor
For A Favor
She Said Later
What Has Come Of
All The People
Have We Lost Voice
What It's About


I Have To Find My Peace 'Cause
No One Seems To Let Me Be
False Prophets Cry Of Doom
What Are The Possibilities
I Told My Brother
There'll Be Problems,
Times And Tears For Fears,
We Must Live Each Day
Like It's The Last


Go With It
Go With It
Jam
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To


The World Keeps Changing
Rearranging Minds
And Thoughts
Predictions Fly Of Doom
The Baby Boom
Has Come Of Age
To Work It Out


I Told My Brothers
Don't You Ask Me
For No Favors
I'm Conditioned By
The System
Don't You Talk To Me
Don't Scream And Shout


She Pray To God, To Buddha
Then She Sings A
Talmud Song
Confusions Contradict
The Self
Do We Know Right
From Wrong
I Just Want You To
Recognize Me
In The Temple
You Can't Hurt Me
I Found Peace
Within Myself


Go With It
Go With It
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To
Jam
Aha, It Ain't
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To
Jam


[Rap Performed By Heavy D]
Jam Jam
Here Comes The Man
Hot Damn
The Big Boy Stands
Movin' Up A Hand
Makin' Funky Tracks
With My Man
Michael Jackson
Smooth Criminal
That's The Man
Mike's So Relaxed
Mingle Mingle Jingle
In The Jungle
Bum Rushed The Door
3 And 4's In A Bundle
Execute The Plan
First I Cooled Like A Fan
Got With Janet
Then With Guy
Now With Michael
Cause It Ain't Hard To...


[Michael]
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
Get On It
It Ain't Too Much Stuff
It Ain't
Don't Stop
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To


It Ain't Too Hard For Me
To Jam [9x]
Get On It
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To
Jam
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
Too Much
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To


Get On It
Get On It
Give It Baby
Give It To Me
Come On
You Really Give It Too Me
Got To Give It
You Just Want To Give It


THE KING OF "ALL" MUSIC


LIVES ON 4EVER!!!!!

730 days ago
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