The estate of Michael Jackson is currently earning more money than the late artist did when he was alive, according to newly-released court documents.
Jackson, who died in 2009 at the age of 50, reportedly faced debts of up to $500 million (£388 million) at the time of his death. The aforementioned documents claim, however, that the executors of his estate have “disposed of most of the creditors’ claims” – but some debts still remain.
However, as reported by The Mirror, Jackson’s estate earned $74 million (£57.4 million) in 2015. The details have come to light in a 73-page court document which was filed at a Los Angeles court by his executors.
Those earnings include publishing rights, which brought in $2,448,584.99 (£1.9 million) in that year. Jackson’s merchandising arm, Triumph International, was the biggest-earner for the estate during that time period, bringing in $18.8 million (£14.5 million)
The documents also shed light on some of the estate’s expenditures, which include a $10.8 million (£8.3 million) bill on a house for Jackson’s children and $1 million (£776,000) in medical bills for his mother, Katherine.
Michael Jackson died in June 2009 after going into cardiac arrest at his Holmby Hills home. Paramedics on scene and staffers at UCLA Medical Center were unable to resuscitate him.
Michael’s doctor, Conrad Murray, was ultimately found guilty of involuntary manslaughter. Murray still believes he did not play a significant role in Michael’s homicide.
Comment here