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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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Comments
No Money for the brothers & father who tortured him in life.
we love and miss you so much Michael. There will never be another one like you.
No Money for the brothers & father who tortured him in life.
we love and miss you so much Michael. There will never be another one like you.
good none for the greedy family that's why jermine kids are prince and paris bestfriend because if they're lucky the kids will gave the some or ttey can wait when katherine dies and fight over everything that's what they do best!
good none for the greedy family that's why jermine kids are prince and paris bestfriend because if they're lucky the kids will gave the some or ttey can wait when katherine dies and fight over everything that's what they do best!
good none for the greedy family that's why jermine kids are prince and paris bestfriend because if they're lucky the kids will gave the some or ttey can wait when katherine dies and fight over everything that's what they do best!
good none for the greedy family that's why jermine kids are prince and paris bestfriend because if they're lucky the kids will gave the some or ttey can wait when katherine dies and fight over everything that's what they do best!
good none for the greedy family that's why jermine kids are prince and paris bestfriend because if they're lucky the kids will gave the some or ttey can wait when katherine dies and fight over everything that's what they do best!
good none for the greedy family that's why jermine kids are prince and paris bestfriend because if they're lucky the kids will gave the some or ttey can wait when katherine dies and fight over everything that's what they do best!
good none for the greedy family that's why jermine kids are prince and paris bestfriend because if they're lucky the kids will gave the some or ttey can wait when katherine dies and fight over everything that's what they do best!
I am sooo sick of people calling this black family greedy. When the heck did anybody go after MJ's money? Hmmm I think that was people he stupidly called friends. His family was there for his trial and if he wasn't, so called fans would have been angry but they are happy to have his family around for photo ops. His fans make me sick.
The children will eventually get Jacko's mother's shares as well. Jacko's mother Katherine gets the income from 40% of Jacko's estate while she is alive. When she dies her share will go into the children's trusts.
those people are greedy besides janet they all want mj money now they're gonna fight for the kids when katherine dies u watch and c i wish he was alive to take care of them not his greedy family poor katherine god bless her
I believe some of the family are greedy(Jermaine,Joe,Latoya)but the rest are not.They all have their own money from their own projects they are doing,plus they still get royalties from the J5days! The children own that house they are living in.
Just hope that Michael's will is one that is not allowed to be challenged. What a bunch of cash cows the family are. Did they not consider putting aside money for a rainy day so to speak when they were the Jackson Five etc? Have read that some people think Michael should not have forgotten his father. After all the abuse Joe gave his son why SHOULD Michael have left him anything? God bless you Michael.