Who is Michael Jackson
American singer, songwriter, actor, producer, and philanthropist who had a net worth of $500 million at the time of his death in 2009. Technically speaking, one could argue that at the time of his death, Michael was in debt to the tune of $500 million thanks to decades of overspending and over-borrowing.
In the decade between 1985-1995, Michael Jackson comfortably earned between $50 and $100 million per year through touring, record sales, endorsements, and merchandise. Even after his death, Jackson has remained one of the most popular and profitable celebrities in the world.
To date, he has sold over 750 million albums, including 35 million that were sold in the year following his death.
Michael Jackson Net Worth at Death
Michael’s most valuable asset was his music catalog. While the copyright value of his own songs was estimated to be worth $100 million, the crown jewel of his net worth was his portfolio of other artist’s songs, especially those from The Beatles. Michael’s first foray into owning music rights began when he purchased the catalogs of Sly and the Family Stone in the early 1980s.
He then bought a series of classic singles like “Great Balls of Fire”, “Shake Rattle Rattle and Roll”, “When a Man Loves a Woman” and “Runaround Sue” to name a few. But the biggest win came in November 1984 when Michael purchased The Beatles catalog ATV music for $47.5 million.
The Beatles catalog was eventually merged with Sony to create a 50/50 joint venture called Sony/ATV which today is estimated to be worth $2 billion.
Michael Jackson Net Worth Post Death
Since Michael Jackson died in 2009, his estate has brought in over $700 million. More than any other living artist in that time. His executors have easily paid back his loan from Sony and have secured the future of his billion-dollar music catalog. Earnings milestones:
- 2018: $400 million
- 2017: $75 million
- 2016: $825 million
- 2015: $115 million
Lite Biography of Michael Jackson
Michael Joseph Jackson
Date of Birth
August 29, 1958
Date of Death
June 25, 2009
Place of Birth
Gary, Indiana, near Chicago
Professional Singer and Dancer
Pop soul fun rhythm and blues-rock disco post-disco dance-pop new jack swing
Cause of death
Cardiac arrest induced by acute propofol and benzodiazepine intoxication