Michael Jackson Net Worth
Michael Jackson born in August 29, 1958 in Gary, Indiana. His father was a steelworker at U.S Steel and his mother worked part-time at Sears. His father was a guitarist and mother was a performer, but to support the family they gave up their ambitions. At age 5, Michael started performing and later became the lead vocalist of ‘Jackson 5’, they initially performed at local clubs and lounges. He was often beaten by his father and called ‘fat nose’, these incidents impacted him too much. When he was 11. Jackson recorded his first album. At 13, he released his first solo album and at 24, he released ‘Thriller’ which is the best selling album ever and 65 million copies sold worldwide. His total earnings till 2016 was $3 billion and in 2016 his Sony music stake was sold for $750 million. And now his net worth is $600 million.
He is the owner of many houses like there is a Neverland Ranch house, Santa Barbara in California worth of $67 million which is 2,676 acre property and has 2 story, 5 bedrooms, with $5 million annual maintenance cost. A house Holmby Hills Mansion in Los Angeles on leased whose rent is $100,000 per month, this was the last house of Michael which sold in 2012 for $18 million. He also has a house in California where he lived for 17 years until he turned 30 years old, this house was purchased by his father in 1971. He also has a Mansion in Amwaj Island in Bahrain which has the the value of $1.5 million.
He has a big collection of cars in which there is a Custom designed Rolls Royce Silver Seraph worth of $160,000, a 1954 Cadillac Fleet-wood, a 1985 Mercedes Benz 500 SEL which he sold for $104,550. He also has a replica of a 1909 Detamble Model B roadster in his collection. There is also a Neoplan Touring Coach 1997 in his collection which is featured a master bedroom and bathroom in porcelain, gold and granite. He owned private jet and also used XtraJet’s Gulf-stream aircraft service and jet of Sony.
He did a lot of investments in different business like he purchased ATV Music Publishing for the price of $47.5 million in August 1985. Later in 1995, Sony paid Michael $90 million for 50% stake in ATV music. He is the owner of Mijac music the publishing company which was established in 2009 with the estimated value of $100 million and it owns all the song of Michael.
Like other rich people in the world Michael also did charity in his life. He is the founder of Heal The World Foundation which was started in 1992 had donated millions to help children which was threatened by war, poverty and disease. He educate the children, living in Mumbai slums. In 1996, he donated 1.1 million his Mumbai concert fee to a local charity. He donated approximately $200 to 300 million in charity as per reports,$5 million to victory tour proceeds, $600k to United Negro College Fund and $1.5 million to burn Center for Children.
A night before June 24, 2009 Michael rehearsed at the Staples Center in LA for his comeback London Concert called ‘This Is It’. On June 25, Michael tragically suffered cardiac arrest and died later that morning. Michael’s death triggered an outpouring of reactions and his memorial services was viewed by 1 billion people worldwide.
|Full Name||Michael Joseph Jackson|
|Date Of Birth||August 29, 1958|
|Birth Place||Indiana, United States|
|Weight||112 lbs (51 kg)|
|Occupation||Singer, Musician, Dancer.|
|Marital Status||Divorced (Debbie Rowe)|
|Source Of Wealth||Music|