When Michael Jackson died in 2009, his estate was worth $482 million. As for his net worth, his executors said it was over $7 million at the time.
But according to documents filed in 2014 with the U.S. Tax Court in Washington, the IRS found that the King of Pop had a net worth of $1.125 billion. Nine years after his death, the singer broke records after making $2 billion in record sales.
Who inherited Michael Jackson money and estate?
The Billie Jean hitmaker left 40% of his estate to his mother, Katherine. As a result, the matriarch received $100 million (also her current net worth).
Court documents also state that she still receives a monthly stipend worth $67,000 from the estate. However, reports say that all of it just goes to her children and grandchildren’s expenses.
In Janet Jackson’s documentary, Janet released early this 2022, Katherine said that she still couldn’t talk about her late son. In one scene, Janet asked Katherine: “Mother how do you feel talking about Mike’s passing, is that too much for you?” The latter responded, “I can’t.”
