MICHAEL JACKSON’S KIDS TO GET $33 MILLION EACH
According to his last will, the late Michael Jackson left $33 million each to his three kids Prince, 13, Paris, 12, and Blanket,8. Here are details of the will via Usweekly:
“Via trust fund, the orphaned children will eventually have access to 40% of their father’s estate, currently valued at $300 million. (They will be able to dip into their trust funds at age 21, and will have full reign of the fortune at age 40, according to the document.)
And the celebrity kids stand to make much, much more, as Jackson’s estate will balloon from future earnings: record and merchandise sales, estate auctions and customary interest. Jackson died last June at age 50. His mother, Katherine Jackson (legal guardian to the kids), will receive 40% of his estate, with the remaining 20% going to charity, according to the document.
Shut out of the settlement: Michael’s father, Joe Jackson, his famous siblings, and ex-wives Debbie Rowe and Lisa Marie Presley.”
48 Comments to “MICHAEL JACKSON’S KIDS TO GET $33 MILLION EACH”
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He was a good dad. Well done MJ, well done. Much success to those three and RIP Michael we miss you!
HERES THE STORY THAT’S MJS MONEY HE COULD HAVE DONE WHATEVER HE WANTED TO DO WITH IT. FAR AS I KNOW, WERE NOT GETTING NONE OF THAT MONEY SO WHY R WE AUGURING OVER WHO HE SHOULD HAVE GAVE IT TO. HE WORKED HIS ASS OFF FOR THAT MONEY, SO IM GOING TO SAY IT AGAIN, HE COULD HAVE DONE WHATEVER HE WANTED TO WITH IT.
how much ever they are worth doesn’t concern me. What i worry about is if there is someone to teach them money management from now with their allowance. I wonder how many of the cousins we see living with them were living with the grandmother before. I wonder how many of those cousins genuinely like them or are just hangers on at the behest of their parents.
I also wonder how much of Michaels wishes are being carried out. From the looks of it certainly not the important ones. He protected those kids, before you had to wonder what they looked like, now you can draw them from memory(would be kidnappers).
What sort of religious teachings were they exposed to, were they even Jehovah’s witness, or something else. we see them attending kingdom hall. I often wonder, the motives of most people associated with these kids.
i hope and pray for the best.
If indeed you do feel that MJ knew best for the children, why are people always questioning the what Mrs. Jackson is doing for them. MJ himself, chose his mother as the one to take care of his children and we know he certainly knew his mother and what values she would instill into these children. Why everyone worries about his choice to rear his children, yet think that MJ was so wonderful in the care of his kids seems a contradiction. HE chose the person he wanted to raise those children. No court, no executor….HE CHOSE.
People may disagree with me but i m actually ashamed of Michael as a Black Man. As hard as they struggles as a family, that money should have gone to blood. Yes provide for those kids but not all of that.
Michael didnt even know who he was.
Blood or not (I really don’t give a damn), those children are his legally recognised heirs. They are entitled to every penny of their father’s estate.
Following your logic, Brangelina and Madonna should only bequeath their estates to their genetic children. Zahara, David and Mercy can get a little if their parents feel generous, but they shouldn’t get anything substantial what with them not being blood and all. Bet a lot of people would flip a switch if that were to happen.
LOL, Khrish. I love posts about the Jackson clan!
Michael was a phenominal talent; but his eye for women leave a whole lot to wonder about. He holds the title of picking the ugliest white woman in captivity to carry his children. And then went on the make her rich.
Missy elliot: Chang, chang! Gettin paid over here!
HAHA. True dat!
I predict that she’ll make a grand re-entrance right in time for Prince and Paris’ 21st birthdays.
33MiLLion..!!! saay whaaaattT!! Lol.. these chiLdren are set for Like the rest of their Lives omggg… MichaeL did the right thing.
~R.I.P~
that prince got some swagg! He has his father’s walk
UM actually they didnt take any DNA of those kids. but 99.9% they are his kids. My dad is black. and my Mother is WHITE, and my complexion is of prince & i have straight hair. my hair isnt curly at all. Both of my parents are still married today. Me & my older brother (HE ALSO HAS STR8 HAIR) we have fair skin like prince & paris but our younger siblings they all have curly hair and a tan to their skin. ITS CALLED GENETICS PEOPLE! my brother has grayish bluish eyes and i have DARK BROWN EYES. people kill me with that & people off top always claim that my mother had an affair since we didnt come out with darker skin. but did you guys see the pics of them at MJS FUNERAL. their skin was darker possibly a tan , and you could see they had some black in them. and BTW Prince has VITILIGO on his hand. another thing have you guys noticed that LATOYA has always had light light skin while both Joe & Kate had dark brown skin? JOES FATHER was LIGHT SKIN and he had hazel green eyes. & JOES dad had vitiligo.
Exactly! Latoya is the same skin color as those kids, that we saw at the memorial. Whenever we see pictures of the kids, and they look very pale, it’s just because the media usually airbrushes their photos. We saw from a previous BCK pic, that Paris is actually the same complexion as Sofia Richie.
Paris, although she’s the picture of Debbie, looks a lot like Latoya (pre surgery) as well. Prince is the picture of Joe’s dad, Samuel and does look & walk like his dad, MJ. Blanket is MJ’s twin, so I dont need to say anything about that.
Klein and Lester are liars, because if those were really their kids, why havent they brought the Jackson family to court for custody yet? Ummm, maybe it’s cuz they HAVE NO CASE! Dr. Klein & Mark Lester are just MEDIA WHORES out for publicity!…and they know they’ll get it anytime they mention MJ’s name. PERIOD!
This not only shows what a smart, loving & thoughtful father MJ was, but also that the media was wrong about him being broke.
Pics or GTFO
. Also Prince does not have vitiligo. That is his natural skin color.
I love Just sayin”
Its already been proven that they werent bioliogically his kids. Michael wasnt even too fond of himself as a child..do you think that he would really use his own sperm..when he already didnt even like himself…hince the nose jobs to look more white.
@beautywithin86…ummmm how and when was it proven that MJ is not the biological father of his kids? Dont come on here making up bull****! You know absolutely nothing! Just make sure that your own alleged biological father REALLY is your pappy!
Hahahaha!
*dead*
“Just make sure that your own alleged biological father REALLY is your pappy!”
@ Fashionedbygod33…Im not understanding your comment. Please explain…
Thanks you kindly
@ Just sayin’,
Sorry, maybe this word doesn’t translate well using this type of medium, especially for people unfamiliar with it. It basically means that the comment was just too funny. It’s like “just take me now” (lol). I done seen it all (lol):). Hope this helps.
Fashionedbygod33…that pappy line by just sayin’ CRACKED me up, too. She’s too much. And when you repeated it again I laughed out loud again!
Have a great day. You made my day!
Hey Pisces, thank you. You too. Yes, that was crazy funny.
i like the kids i am glad that they will not need for anything
i am happy for those kids. leave them alone. those kids are set for life.
i hope they save some of that money for college.
That’s a good way to spend it. I wonder how joe feels about being left out. Im happy he gave some to charity too!
too bad mj didnt have any black kids
Yeah, you are right. They are mixed kids. *sideye* at trying to stir up that infamous topic of paternity…. NEXT!
His oldest two aren’t mixed lol but I agree. They ARE his kids. Drop it…
@ Liz… ummm just HOW do YOU KNOW that his oldest 2 are’nt mixed??? MJ said that those ARE HIS BIOLOGICAL KIDS, which indeed does make them mixed!
@REALTALK…are you blind? That oldest boy Prince looks just like a teenage MJ…only his skin is lighter and his hair is like his white mothers hair! Gee whiz! MJ isnt the first BLACK man to produce white skinned/ straight haired offspring and he WON’T be the last!
Oh no! Here we go again. *me exiting this thread*
That is so nice! I’m so happy for them. Paris is going to really have to fight the suitors off and be discerning…she will be beautiful and rich when she becomes of age.
He was really smart about doing it that way w/ his kids. I hope that it states in his will if something happens to Katherine her part will go to the kids also, not to Joe who is still married to her.
wow!
but that sounds like a good plan. hopefully, by the time they are 40 they will be wise enough and possibly talented enough to add to the legacy/estate.
Damn, 33 million? Glad they’re not getting it all as soon as they turn 21. Since Mama Jackson is getting a large share of the money, I assume the other relatives will just continue to bum off of her?
Sn: Can’t believe he’s been gone for almost a year now!
Since Mama Jackson is getting a large share of the money, I assume the other relatives will just continue to bum off of her?
I may be asking and hoping for far too much, but I hope not. All those people are able-bodied; I don’t see why they have to keep living off of Grandma. >_<
Yeah. Let’s just hope that Randy and Jermaine and their girlfriends and children don’t try to take some of that money.
I co-sign with you guys! I can’t stand Randy and Jermaine and their freeloading mutual baby mom
I don’t think anyone knows for sure how much Michael’s estate is worth. The media keeps guessing. The Bealtles catelouge alone is worth 1 billion plus which Michael owns half of. Michael reported make an estimated $80 million a year and that was before he died. His own catelouge is worth more than $200 million. And that doesn’t include all his assests and real estate. One time they tell us he’s broke one time he’s not. Make up your mind.
Anyway thats a good age to take over. Well done MJ.
DeeDee,
You are correct that is what it would be as of today in liquid assets, but they will each get their share of property and the Beattle’s catalog which is the real gold mine. Also, when Katherine passes away her share (40%) goes to them as well, so they stand to inherit way more than $33 million!
I’m not sure if this story is true. It was originally “broken” by the UK’s News of the World and most of their stories are lies.
I’m sure MJ made special arrangments with his attornies but I’ve read the will and it doesn’t say any of this. I think the media jumpos on stories to quickly.
I have no doubt that these are VERY RICH children!
Well done Michael….this seems reasonable 2 me….allowing them full access bit by bit means their lives are going to be good for the long run. by the time they rich 21 that amount of 33milli will be mush more…dayum they gon be richieeeeeeeeeeeee.