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Report: Michael Jackson's Kids To Inherit $33 Million Each
Posted on Mon May 31, 2010 12:13 PM PDT
Michael Jackson's three children are all set to receive $33 million dollars from their father's estate, according to News of the World.
Prince, 13, Paris, 12 and Blanket, 8, will have access to 40% of Jackson's estate worth an estimated $300 million. At the age of 21, the three will gain access to the money via a trust fund that was set up by the pop star. The amount will increase over the years due to merchandise sales, estate auctions and interest from the bank.
In the documents obtained by NOTW, Michael's mother, Katherine Jackson, will receive 40% of the estate and 20% will got to charity. His ex-wife Debbie Rowe, father Joe Jackson and the Jackson brothers and sisters were not named in the documents.
Next month will mark the 1-year anniversary of Jackson's death. The King of Pop died on June 25, 2009 at the age of 50.
Do you think Michael should have left money to his siblings, too?
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