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  • Michael Jackson's Mother and Kids to Land $30 Million Windfall

    Thu, 15 Sep 2011 10:50:11

    Michael Jackson's Mother and Kids to Land $30 Million Windfall - His estate continues to generate revenue

    Michael Jackson Photos

    • Michael Jackson - GARY, IN - JUNE 25: Fans pay respect to the King of Pop at 2300 Jackson street on the 5th Anniversary of Michael Jackson's Death on June 25, 2014 in Gary, Indiana.
    • Michael Jackson - GARY, IN - JUNE 25: Fans pay respect to the King of Pop at 2300 Jackson street on the 5th Anniversary of Michael Jackson's Death on June 25, 2014 in Gary, Indiana.
    • Michael Jackson - GARY, IN - JUNE 25: Fans pay respect to the King of Pop at 2300 Jackson street on the 5th Anniversary of Michael Jackson's Death on June 25, 2014 in Gary, Indiana.

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    Michael Jackson's mother Katherine and his three kids are set for a $30 million windfall thanks to the cash the King of Pop's estate executors have been able to rake in since Jackson's 2009 death.

    According to the paperwork, obtained by TMZ, the estate generated more than $310 million in gross revenues as of December 31, 2010.

    In addition to funding the trust, the executors are asking the court's permission to sell the Jackson family compound in Encino. Katherine reportedly wants to sell the property, which was valued at over $4 million at the time of Jackson's death.

    What is your favorite Michael Jackson song?

    —Maggie Pannacione
    09.15.11



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