Michael Jackson may have died in 2022, but his estate is apparently working on a profitable proposal.
According to court records acquired by Radar Online, the estate's administrators, John McClain and John Branca, alerted the court of prospective additional income sources.
The couple petitioned the court for permission of a commercial transaction that they are now concluding, and they wanted the court to sign off on the agreements moving forward.
This is said to have been the case since Michael Jackson's death in 2009.
The estate executors stated that The Michael Jackson Trust is the only beneficiary of the "Billie Jean" hitmaker's inheritance. However, his children, Paris, Prince, and Blanket, as well as his mother, Katherine, will benefit.
The revised file also included deleted paragraphs that obscured some deal specifics.
Michael's estate has put together various ventures that have made his children billionaires since his death. They point to the "This Is It" film, which was released shortly after his tragic death, as well as a Cirque de Soleil show, an arena tour show, "Michael Jackson THE IMMORTAL World Tour," and a Broadway show, with several companies planning a national US tour beginning this summer and a West End debut in 2024.
Concerning the potential new deal, the executors stated that they have a chance that they believe will be beneficial to the estate and in the best interests of the beneficiaries. They requested permission to proceed with the transaction, but a judge has yet to rule on the matter.
Michael Jackson's Kids Net Worth 2022
Prince Jackson, Michael Jackson's eldest son, presently works behind the scenes in Hollywood as a producer and director. One of his major accomplishments is creating a music video for his younger sister Paris, who is a musician, actor, and model.
Blanket Jackson, the youngest, is relatively unknown since he leads a low-key existence.
Despite the fact that the King of Pop died with a $500 million negative bank balance, his family has made almost $700 million through royalties and commercial endeavors after his death.
Paris, Prince, and Blanket are claimed to earn $8 million each year from Michael's inheritance, and they are also expected to inherit around $2 billion when they reach the age of 33.
Paris and Prince are reportedly each worth $100 million, but Celebrity Net Worthclaims their youngest child, Blanket, is also worth $100 million.
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