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
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
