{"id":107840,"date":"2024-06-27T19:08:27","date_gmt":"2024-06-27T19:08:27","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/06\/27\/michael-jackson-was-more-than-500m-in-debt\/"},"modified":"2024-06-27T19:08:27","modified_gmt":"2024-06-27T19:08:27","slug":"michael-jackson-was-more-than-500m-in-debt","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/06\/27\/michael-jackson-was-more-than-500m-in-debt\/","title":{"rendered":"Michael Jackson ‘was more than $500m in debt’"},"content":{"rendered":"


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Michael Jackson<\/a> was reportedly over $500 million in debt at the time of his death.<\/p>\n

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Michael Jackson died in June 2009<\/p>\n

The pop icon died in June 2009, aged 50, after suffering a cardiac arrest, and documents seen by PEOPLE have now revealed that he owed hundreds of millions of dollars in unpaid debts.<\/p>\n

Jackson was one of the best-selling music artists of all time – but he was also well-known for his extravagant spending habits, which included spending millions on jewellery and artwork.<\/p>\n

Court documents show that the pop legend owed an eye-watering sum of money when he passed away. However, Jackson was writing new songs and preparing for a residency at The 02 in London, as he worked towards bringing his financial troubles under control.<\/p>\n

Randy Phillips – the former CEO of AEG Live, which was promoting Jackson’s London residency – previously revealed that the pop icon was determined to address his money problems.<\/p>\n

\nHe also suggested that Jackson – who first found fame as a child in The Jackson 5 – was “ready to stop living like a vagabond and settle down”.<\/p>\n

\nRandy told Rolling Stone magazine in 2009: “He wanted people to see his work and not just talk about his lifestyle.”<\/p>\n

\nRandy rubbished the idea that Jackson was “feeble and manipulated”, and he insisted that the singer was fully aware of his precarious financial situation.<\/p>\n

\nHe said: “Michael was a very smart marketing person. People say he was feeble and manipulated, but he was powerful and a manipulator. He was ready. He wanted to clean up his finances. He was ready to stop living like a vagabond and settle down and earn money again.”<\/p>\n<\/div>\n


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27 June 2024 Michael Jackson was reportedly over $500 million in debt at the time of his death. Michael Jackson died in June 2009 The pop icon died in June 2009, aged 50, after suffering a cardiac arrest, and documents seen by PEOPLE have now revealed that he owed hundreds of millions of dollars in […]<\/p>\n","protected":false},"author":1,"featured_media":107841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[419,8545,8544],"class_list":{"0":"post-107840","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-make-up","8":"tag-michael-jackson","9":"tag-randy-phillips","10":"tag-the-jackson-5"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/107840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=107840"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/107840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/107841"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=107840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=107840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=107840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}