Michael Jackson's Mother and Kids to Land $30 Million Windfall
Thu, 15 Sep 2011 10:50:11
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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.
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