Monday, December 23, 2024
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Michael Jackson’s mother has received over $55m since his death, estate claims

Since Michael Jackson passed away in 2009, Katherine Jackson, his 93-year-old mother, is said to have gotten about $55 million from his estate.

According to TMZ, an estate representative for Michael Jackson said that court paperwork had been sent following her request for the estate to pay her legal costs in order to challenge an unreported business deal the estate had made.

Michael Jackson’s mother has received over $55m since his death

According to the documents, she has allegedly collected approximately $55 million over the past roughly 15 years. Her monthly payment from the estate, which is approximately $160,000 per month, made up the majority of that amount.

Katherine Jackson, who also received $15 million from the estate to purchase and remodel a property in Calabasas, has been looked after, according to the estate’s claims.

Other expenses the estate says it has paid for include transportation, a private gardener, personal security, and a private chef.

The executors of the estate have laid out the amount of money she’s received to argue that she can, in fact, afford to cover her legal fees if she intends to push forward with her appeal.

Earlier this week, Michael Jackson’s youngest child, Bigi ‘Blanket’ Jackson, filed legal documents asking the court to block his grandmother from using estate money to pay for the appeal.

He was previously working with his grandmother to stop the estate from making the undisclosed transaction that they did not agree with.

The court ruled against them, and she wanted to appeal while he decided against continuing the case.

The details regarding the transaction they disagreed over haven’t been made public, but it could have something to do with Sony Music’s plans to pay between $600 to $750 million for a stake in the King of Pop’s catalogue, which is valued between $1.2 to $1.5 billion.

Randy Osei Akoto
Randy Osei Akoto
A content creator, writer, blogger and digital marketer currently the Editor and writer at 2Rvisionnews.com. Believes in hard work and keeps up with latest trending stories making rounds across the globe in all aspects, from politics, sports, entertainment, health, business etc.

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