About Michael Jackson
Michael Jackson is considered to be as one of the biggest mega stars in the world. At the time of his death, it was estimated that Michael Jackson net worth was as high as 600 million dollars. This included mainly his personal estate. Between the years 1985-1995 Michael Jackson easily earned money through his touring, record sales, various performances and appearances as well as endorsement deals and merchandise sales. In that period, it has been estimated that Michael Jackson earned between 50 and 100 million dollars per year. Thus, such amount of money apparently increased the overall amount of Michael Jackson net worth.
What is even more interesting that even after Michael Jackson passed away, he still remained one of the most influential people in the music industry and one of the best selling artists in the history of music. Up to date, the singer has sold more than 750 million copies of his albums on an international level. This number also includes 35 million copies of his albums which were sold one year after the pop star passed away. Thus, the sales of his records also increased the total amount of Michael Jackson net worth a lot.
Also, it was known that in his life Michael Jackson was used to spending money as fast as he earned it and it was never a moment that he was in a lack of financial success. The most valuable asset of the singer is considered to be his music catalogue. It has been stated that his music copyright value is as high as 100 million dollars. However, the biggest value is attributed to the songs of other artists, especially songs from the British band “The Beatles”. The music catalogue of the mega star began when in 1980s he bought the song catalogues from the Family Stone and Sly. Moreover, later Michael Jackson bought hits which were known worldwide, such as “Shake Rattle Rattle and Roll” and “When a Man Loves a Woman”.
However, the biggest bargain was when Michael Jackson bought the music portfolio of “The Beatles”. The ATV music of “The Beatles” was bought for 47.5 million dollars. Finally, the ATV was merged with Sony which became called Sony/ATV and which today reaches an estimate of 2 billion dollars. Also, this portfolio added a lot of revenues to the overall amount of Michael Jackson net worth. However, in 2009 it was stated that Michael Jackson was in debt for 500 million dollars. Thus, although his life seemed like a never ending financial success, Michael Jackson also had some financial troubles.