Who Inherited Michael Jackson’s Wealth?
Who Inherited Michael Jackson’s Wealth?
Michael Jackson, the King of Pop, left behind an extraordinary legacy of music, business ventures, and a substantial fortune. After his death in 2009, the question of who inherited his wealth became a focal point for the public. Jackson’s estate, which includes his music catalog, real estate holdings, and brand, has continued to generate millions of dollars in income. So, who inherited Michael Jackson’s wealth, and how has it been managed?
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Michael Jackson’s Will and Estate Plan
Before his death, Michael Jackson created a will in 2002 that outlined his wishes for his estate. The will appointed his mother, Katherine Jackson, as the guardian of his three children: Prince, Paris, and Blanket (now known as Bigi). Jackson’s will also designated that his estate would be overseen by executors, including his longtime attorney John Branca and music executive John McClain. The will left the majority of Jackson’s wealth to his children, ensuring that they would inherit his fortune.
Michael Jackson’s Children: Prince, Paris, and Bigi
Michael Jackson’s children, Prince, Paris, and Bigi, are the primary heirs to his wealth. Prince, the eldest son, and Paris, his only daughter, were raised by Jackson after his divorce from Debbie Rowe. Bigi, his youngest son, was born in 2002, just a few years before Jackson’s passing.
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The children’s inheritance includes a portion of Jackson’s music catalog, real estate holdings, and other assets. While specific details of the inheritance are not publicly disclosed, it is known that Jackson’s estate has continued to generate significant income since his death. The children’s share of the wealth is managed by the estate’s executors, ensuring that the money is protected and wisely invested.
The Role of Katherine Jackson
Katherine Jackson, Michael’s mother, also plays a key role in the inheritance. As the guardian of his children, she ensures that they are taken care of and their inheritance is managed responsibly. Katherine, who was very close to her son, also received a portion of the estate to cover her living expenses. She remains an integral figure in managing the family’s wealth and ensuring that Michael’s children are well cared for.
The Estate Executors: John Branca and John McClain
The management of Michael Jackson’s estate is overseen by two key figures: John Branca, Jackson’s long-time lawyer, and John McClain, a music executive who worked closely with Jackson throughout his career. These executors have successfully grown Jackson’s wealth posthumously, largely due to the continued success of his music catalog, including Thriller, the best-selling album of all time.
Since Jackson’s death, the estate has earned hundreds of millions of dollars, making it one of the most profitable estates in the world. In 2018, Forbes reported that the estate earned $400 million, largely due to music royalties, licensing deals, and merchandise sales.
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Michael Jackson’s wealth has been carefully managed and inherited by his children, Prince, Paris, and Bigi, as outlined in his will. His mother, Katherine Jackson, also plays a key role in overseeing their well-being and the family’s fortune. The estate’s executors, John Branca and John McClain, have continued to generate significant income from Jackson’s music catalog and other assets. Today, Michael Jackson’s wealth continues to grow, securing his legacy for future generations.
