Jackson Estate: $30 Million to Mother, Children & Charities


The Michael Jackson Estate reports that it has earned $310 million since the King of Pop’s death.

Here is an excerpt from Forbes:

The executors of Michael Jackson’s estate say they will distribute $30 million to the Jackson Family Trust for the benefit of the singer’s mother, his three children and charities, under the terms of Jackson’s will.

 The executors said in documents filed Tuesday that since Jackson’s death in June 2009, the estate has generated more than $310 million, enabling them to pay off dozens of debtor claims and refinance loans at lower interest rates.

Read the entire article in Forbes.

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