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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.

168 COMMENTS

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46.

m    

so he can't pay child support, but can buy a Ferrari???? pos

279 days ago
47.

KicksandGiggles    

Exactly WHAT is his occupation? Anyone with a glimmer of self respect and self dignity would want to earn 1 $dollar on their own hard work. I guess the Jackson family is still pounding MJ's tombstone. Wow.

279 days ago
48.

backfire    

No. The only hope left is the adult children who do not earn money or pay child support wait till Katherine dies and they get to share her half of MJ's money.

279 days ago
49.

twocents    

Let it go Jacksons... I understand loss. I'm sure we all do but all the money in the world won't bring MJ back so I say let it go an let you and your family heal. Revenge wont bring him back either so as I said, try & move on.

279 days ago
50.

What I Think    

This looks like a job for Repo-Man.

279 days ago
51.

arforama    

Hope the interior is heavily scotchgarded to prevent the 20 pounds of GOO from ruining it.

279 days ago
52.

Knownbutunknown     

Y'all will believe anything... How do TMZ know how much money he got? Who in the hell came up with this stupid theory of who his mother was leaving anything to? Stop lying and pocket counting.

279 days ago
53.

Harvey-SUX    

Is he current on his spouse / child payments? Did he reach in his OWN pocket - or "momma Mikeys" for it?

279 days ago
54.

Rich     

Poor Michael...they are still trying to profit from him!!!!!

279 days ago
55.

lisa     

The whole family are a bunch of money hungry people MJ was smart to isolated himself from them.

279 days ago
56.

baby    

where does he work at? what does he do for a living? where is he getting that kind of money?

279 days ago
57.

Rolm    

too broke to pay child support? But buys a useless car that he could not afford the insurance on. Weird or What

279 days ago
58.

3Storms    

Why the hell not? It's only Michael's kids he's mooching that money from. Damn parasite.

279 days ago
59.

dee    

Money for a car, but not for child support?

279 days ago
60.

ABB    

The real millionaire person who traded this in is thinking, one man's trash is an unemployed grifter's treasure!

279 days ago
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