Even after his death, Michael Jackson remains one of the greatest musicians of all time.
13 years after his tragic demise, numbers suggest that he earns around $362 million each year.
According to the Mirror, the estate executors recently discovered that the "Thriller" singer's posthumous business operations garnered more than $2 billion.
This implies that MJ's three children, Prince, Paris, and Blanket, will never have to worry about money in their lives.
According to documents obtained by the outlet, the singer-performer's most recent audited business year only displays the actions made by Jackson's team, who are also in charge of his estate.
It also shows that Sony paid $287.5 million for Michael Jackson's 10% lifetime rights to the EMI library.
On top of that, Jackson has made about $72 million in employment deals.
His net worth, cash accounts, and overall profits are $889 million, a far cry from the years after his untimely death, when his bank account was $500 million in debt.
As previously stated, his earnings continue to pour in, with over $150 million in gross revenues collected between January 1, 2019, and December 31, 2021.
The executors of Michael Jackson's estate, John McClain and John Branca, dramatically restructured the financial arrangements.
According to estate counsel Jeryll S. Cohen, the executors were able to establish "extraordinary and unique opportunities" that did not exist at the time of MJ's death in order to obtain the required profits.
They also improved the image and legacy of the "Heal the World" singer "for the benefit of the beneficiaries" of his Trust.
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Legal documents also mentioned Jackson's estate earned more than $2 billion in gross revenues as of December 31, 2021.
The attorney further noted that the executors "solidified the MJJ business as a significant entity in the entertainment industry" and entered into "unprecedented business deals" and were praised for providing "uninterrupted support" for Jackson's family.
A Los Angeles court signed off on the legal paperwork, which also reveal that all of the family residences, mortgages, and bills for the children and their grandmother, Katherine, are fully paid.
Michael Jackson died of an anesthetic overdose at the age of 50. At the time of his death, he was planning for many return shows.
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