fbpx

Michael Jackson owes a fortune to creditors. But there is one thing

Michael Jackson owes a fortune to creditors. But there is one thing
Michael Jackson owes a fortune to creditors. But there is one thing

Michael Jackson. Photo: Getty Images

Michael Jackson’s executors managed to make his estate profitable after multimillion-dollar debts.

The musician died 15 years ago and owed $500 million (15 billion rubles at 2009 exchange rates) to 65 creditors. According to published documents, the situation has now changed.

According to Entertainment Weekly, the artists faced extremely difficult conditions. Interest accrued on a significant portion of the debt, and some debts fell into default.

The king of pop spent his money on charity, luxury goods and travel. But financial experts say Jackson is eager to turn things around. On the eve of his death, he was working on new songs that could significantly improve his condition. Jackson was also preparing for a big return to the stage.

Source: People Talk

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Trending

Related POSTS