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Michael Jackson

So Broke He Needed Tour

To Buy a Home

6/12/2013 3:23 PM PDT BY TMZ STAFF
breaking news

0612-michael-prince-paris-jacksonIt's a shocking testament ... Michael Jackson -- who amassed hundreds of millions of dollars during his storied career -- needed the "This Is It" tour so he could afford a house for his children.

During the wrongful death trial Wednesday afternoon ... AEG honcho Randy Phillips told the jury about an emotional meeting he had with MJ around Halloween, 2008.  Phillips said a tearful Jackson told him his 3 kids were living "like vagabonds" -- shuttling from a Las Vegas rental to the Bel Air Hotel in L.A.

Phillips said Jackson wanted a home the family could call their own, and needed the "This Is It" tour to make enough money to realize that dream.

Phillips said the meeting was so emotional, both he and Jackson cried.

But get this ... the next day Phillips met MJ again, and the singer revealed the home he wanted to buy --- a 40,000-square-foot estate with a $93 million price tag.  Phillips told MJ he thought it was ridiculous to blow his wad on the property.

MJ eventually settled on renting the house where he died.

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221 COMMENTS

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1.

ABB    

Waste money like a king, live like a homeless queen.

506 days ago
2.

IwuvTMZ    

Must have been one nice home.

506 days ago
3.

Ric    

His brains were useless.

506 days ago
4.

Marilyn    

Boo Hoo!

506 days ago
5.

nan    

Thats old news ..That came out at the Murray trial.

506 days ago
6.

Nvts    

That is one ugly, creepy looking 'family'!!!!

506 days ago
7.

Sara    

I will always have love for this man RIP Michael <3

506 days ago
8.

nan    

It is interesting that TMZ follows this part of the AEG/Jackson trial but not the part where Randy Phillips admits to slapping MJ and all the rest of it.

506 days ago
9.

I Was About To Say    

LOLOLOLOLOLOLOLOL
HAHAHAHAHAHAHAHAHAHA

506 days ago
10.

I LOVE MY NIPPLES    

What in the HELL is wrong with Michaels youngest kid Wet Blanket?...He always looks so disturbed in pictures...What is he Korean? Samoan? Tongan? Filipino? Eskimo? Jamaican? He may also have some Columbian in him. Which I find odd because Michael made sure his kids DNA came from SMART Countries..And the ones mentioned are NOT!

506 days ago
11.

steveclemo    

Yeah , because with a family of four you need at least 40,000-square-feet. At least.....

506 days ago
12.

PhilipMarkum    

He was delusional from all of the drugs flowing through his veins. Maybe Paris had a breakdown because she's discovered there isn't a red cent left for her or her siblings after Jackson spent like a fool and his parents siphoned off anything else. It's all so absurd and Katherine Jackson seems more and more senile and out of touch. No wonder the judge wants a complete review.

506 days ago
13.

nita    

lies lies lies and more lies!

506 days ago
14.

Dumb Ass MiMi    

He should have stopped his payments to the Chandlers, since the boy "admitted his father made him lie", right???

Or asked him for a refund, or sued him if he wouldn't return the money, or asked his son to accuse him of molestation and made a killing from his insurance company for another payday!!!!


LOL LOL LOL, the insurance company paid the Chandler so he could go on his tour to make money but in 2008, he had no tour to go to!!! Oh, and no home to return to, and no woman to wash his pee soaked sheets!!!


One word, Karma!!!!

506 days ago
15.

Toallthehatersoftheworld    

Damn he knew how to ball

506 days ago
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