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Jermaine Jackson

Drops Big Bucks On Ferrari

During MJ Jury Deliberations

10/5/2013 7:05 AM PDT BY TMZ STAFF
EXCLUSIVE

1040_jermaine_jackson_ferrariJermaine Jackson may have put the cart before the Ferrari this week ... he bought this wildly expensive whip while the MJ jury was deciding whether to give his family as much as $40 billion. 

Jermaine went to Calabasas Luxury Motorcars Monday to pick up the 2009 Ferrari California, which was listed at $169,995.  Sources connected to Jermaine tell us he was able to wheel-and-deal the dealer down to the low 160s.

Jermaine didn't have to plunk down the entire amount.  He traded in his Rolls Royce and got around $90k.  We're told he paid the balance -- just over $70k.

As we reported ... if Katherine would have won her lawsuit against AEG, Jermaine and her other kids would likely have been the beneficiaries of the judgment once she died.  But it was not meant to be.

The only hope left is suing Dr. Murray ... which would put him in the Ford Focus market.

167 COMMENTS

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16.

Tasha    

That family sure knows how to waste money.

351 days ago
17.

Truth    

The Jackson family really needs to wake up and realize that MJ was responsible for his actions and as an adult he made his own decisions....pretty bad ones unfortunately. Enough with the finger pointing and blame game. Time to stop with the denial, crazy lawsuits and move on with life. I'm sure they wouldn't appreciate it if the families of all the alleged molestation victims kept suing them.

351 days ago
18.

tracey254    

pathetic, money grubbing trash. The whole family is an embarrassment to the human race!

351 days ago
19.

JiLL1    

Add liar to the long list of this loser's virtues. Jermaine : "It's not about the money" .

351 days ago
20.

JiLL1    

The only mode of transportation this guy should be buying is a bicycle.

351 days ago
21.

Celeb Gossip Addict    

You're changing TMZ. You used to print facts. This is the second story you've printed based off of an assumption you made. The fact is that the Jacksons have been touring. If the man paid the car off in full at the time of purchase and traded his previous car which was also paid off how was he waiting for a settlement. Now that Michael is gone they can actually tour without him. Something they couldn't do when he was alive.

351 days ago
22.

trini_angel    

Uhmmmm doesn't he OWE child support; years of backed up child support??? His priorities are ALL mixed up. Smfh!!! Probably thought they were gonna win the lawsuit and he'd get some free cash. Just goes to show how much they were leaching off of MJ's money when he was alive. No wonder he isolated himself from them!!!!

351 days ago
23.

Truth    

NOTE IT'S A USED FERRARI - 2009 CALI MODEL. THE CHEAPEST IN THE FERRARI LINE. A NEW 2014 MODEL WOULD BE 300K +. CALI MODEL IS KNOWN AS A CHIC'S CAR... THEN AGAIN UR TALKIN JERMAINE, A TOTAL GAAAY LOOKIN CHIC. #TRUTH!!

351 days ago
24.

smorbie    

Yep. The whole trial was not about fixing blame for Jackson's death, but for finding a way to fund the rest of the Jackson layabouts who know longer have a gravy train. Every time I read about these vultures, I feel more and more sorry for Michael Jackson. They never loved him; they just wanted his money.

351 days ago
25.

Gretel    

I had to read that twice because as usual your header is totally misleading. No Jackson Family fan am I, but your header seemed to insinuate he got the car expecting a big payday. It's a 4-1/2 year old vehicle, he traded in on it and paid the balance, so where's the story?

351 days ago
26.

Sharon1826    

What did he get the money? They must have a lot more money than we have been led to believe?

351 days ago
27.

barf    

Guess it came from his wife's bank account.... Must be good for him that she's an oil princess. Hope she knows he's a cheater. I would dump his a$$ in a heartbeat.

351 days ago
28.

Kay    

Poor Michael Jackson. Dead all this time and his parasites are still trying to suck on him.

At least his kids loved him for himself.

351 days ago
29.

Slappy    

Wait... wasn't this the same guy that said he couldn't pay child support because he was broke three years ago?

351 days ago
30.

WHAT IN THE WORLD    

IF HE WOULD:
=Stop wasting money on dye for his hair and gunk to slick it back.
=Stop wearing industrial-strength pancake makeup which fails to hide his alligator-hide skin;
He would have enough money to pay child support and enough left over to afford an air pump for the tires of the two-wheeled bike that he should be riding. Somebody please tell this pitiful moron that he ain't ever gonna look like he did when he was 17! That ship has left the port.

351 days ago
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