Michael Jackson’s success in music cannot be overemphasized. The multi-platinum-selling singer is one of the best-selling male artists of all time (via Statista). His classic “Thriller” album hits a new milestone every couple of years (via Billboard), and over the summer, it became the second best-selling album in the U.S. (via New Musical Express). His successful legacy continues more than a decade after his death, which means on top of what he already earned, his works continue to generate funds. But who is receiving them?
In his will, Jackson nominated his mother Katherine as the trustee of his estate and legal guardian of his then three underaged children: Prince Michael, Paris, and Prince (via The New York Times). He designated 40 percent of his estate to be equally divided between them, another 40 percent for his mother, and the remainder to charities and organizations (South China Morning Post).
Per Los Angeles Times, when Jackson died, his estate was estimated to be worth $482 million. But in a recent ruling this past spring, the actual worth was determined to be $111 million — a final settlement in a long road for Jackson’s mother and children, who are now all adults.