Michael Jackson has been gone for nearly two years, but his influence on music and pop culture as a whole has not been diminished in the least. If anything, his music and videos have become even more popular in the months following his death.
TMZ is reporting that his estate has earned more than $300 million during that time frame. TMZ is also claiming that it has obtained documentation showing how much money the estate has taken in since Jackson’s death.
Despite the amount of proceeds the estate has earned, Jackson was over $400 million in debt, which means the estate may still remain in the red. That is difficult to believe, given that it earned such a large amount in such a short period of time.
It was widely known that Jackson’s spending habits were out of control. A reported $159 million of the debt has reportedly been paid back by the executors of Jackson’s estate.
