Hundreds of Millions Since Michael Jackson’s Death

Since his death last year, the Michael Jackson Foundation has earned several hundred million dollars so far. The foundation has been able to add several hundred million dollars to Michael Jackson’s assets through the sale of Michael’s albums and works, as well as his highly profitable contracts. This amount is 47 times the income Michael earned during his lifetime in the previous year.

This amount is also equal to two-thirds of Elvis Presley’s total income over the 33 years since his death. With this trend continuing, when Michael’s three children—aged 13, 12, and 8—reach legal age (30) to claim their inheritance, they will become multi-millionaires. Of course, according to the will, 20% of Michael’s wealth is allocated to charities.

According to a source: “No other artist has created such wealth after their death. This shows that Michael’s name will be recorded as the greatest artist in history.”

After Michael died on June 25 last year, a flood of demand rushed toward his albums. In just four days after his passing, in the United States alone, 451,000 copies of his albums were sold, and 2.3 million of his songs were downloaded worldwide.

During the first six months of 2009, while he was still alive, Michael sold 10,000 albums and 37,000 of his songs were downloaded on internet markets. His income during this period was $19 million.

Led by his senior lawyer, John Branca, the Michael Foundation signed the biggest music contract in history worth $250 million with Sony. They also signed a $200 million deal with Cirque du Soleil, which allows them to use Michael Jackson’s songs in their shows.

In addition, the profits from the sale of Michael Jackson products produced by Bravado, his income from the Beatles catalog and other artists, and also the income from the box office of the film This Is It and the sales of its DVDs should be counted.

According to permission obtained from the court through the efforts of Michael’s lawyers, the financial details of Michael Jackson can be kept hidden from the public.

Source: eMJey / Mirror