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Jackson Estate May Still Be In the Red

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.

Arlene Culpepper, Asst. Editor-in-Chief
Arlene Culpepper, Asst. Editor-in-Chiefhttp://www.mikodreamz.com
Vice-President & Asst. Editor-in-Chief of The Heat Magazine, Arlene is a Louisiana native, Certified Paralegal, Publicist, Owner of MIKODreamz PR, co-owner of 504Diffusion, writer, producer, and jack of all trades, who is heavily involved in her community as well as serving as Media Advisor for New Orleans Union for Entertainment (NOUE), Member of the NOLA Music Awards from 2012-present & Member of the Press Club of New Orleans. Her work is published across the web. Her PR work has been highly recognized & awarded. She was/is publicist for the late great BTY YoungN, 0017th and more. She is also working on her first novel & aspires to turn it into a film & is currently writing the authorized biography of the legendary Pimp C of UGK. She can be reached via email at Arlene@theheatmag.com. Follow her on Twitter - @CategorySeven & Instagram - @hurricanearlene.
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