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Jacko's posthumous pile

Michael Jackson
Jun 23, 2010 Updated Jun 25, 2010

When Michael Jackson died he owed AT&T, the US telephone company, around $1,500. Now that debt has been paid off - and then some...

As fans prepare to mark the first anniversary of his death this Friday, the money earned by his estate from mobile phone ringtones alone in the past 12 months will be almost 6 million dollars.

The King of Pop died with debts of more than half a billion dollars, but now it seems that his estate's finances have never been in better shape.

Just how much cash is flowing is hard to measure. The New York Daily News puts the amount of cash generated at $890m, whereas Billboard magazine suggested yesterday that earnings since his death have topped the billion dollar mark.

Whatever the sum, when Forbes magazine releases its next annual list of the world's "Top Earning Dead Celebrities" this October, it seems certain that Jackson will Nudge elvis aside to take the top spot.

Source: The Independent external link

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Fromwikipedia

Michael Joseph Jackson (August 29, 1958 – June 25, 2009) was an American recording artist, entertainer, and businessman. Often referred to as the King of Pop, or by his initials MJ, Jackson is recognized as the most successful entertainer of all time by Guinness World Records. His contribution to music, dance, and fashion, along with a much-publicized personal life, made him a global figure in...

This entry is from Wikipedia external link, the user-contributed encyclopedia. It may not have been reviewed by professional editors and is licensed under CC-BY-SA external link. Visit Michael Jackson external link on Wikipedia to correct or update this entry. Any changes made to the Wikipedia article will not be immediately available here. The ABC is not responsible for the content of external sites.

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