When Michael Jackson died 4 years ago, his net worth was negative $500 million. Since then, his estate has earned $1.1 billion and grows larger daily. A new Vegas show, Michael Jackson One, opened last week and is expected to run for 10 years. A prior show, Michael Jackson – the Immortal World Tour, has run for 2 years and is expected to run for at least 2 more. Jackson has earned more money since he died than during his life and is the biggest selling artist on iTunes. He is survived by 3 children of either debatable paternity or unknown maternity, all of whom have unusual or odd names.
1. Estates can continue to earn money after the death of the individual.
2. Estate administration can be simplified if the earnings rights are transferred to a trust.
3. Biggest selling artist on iTunes? Do baby boomers still not know how to rip their CD collections, nor share them with their children?
4. Negative $500 million net worth? A personal amusement park and zoo are expensive.