What is Michael Jackson’s Net Worth ?
Michael Jackson, the King of Pop, was arguably one of the greatest entertainers of all time. His career spanned several decades during which he achieved numerous awards, broke several records, and amassed massive wealth. Jackson’s legacy continues to inspire and influence many aspiring artists today, even after his death in 2009. In this article, we take a closer look at Michael Jackson’s net worth, how he made his money, and what he did with it.
Early Life of Michael Jackson
Michael Jackson, was born on August 29, 1958, in the city of Gary, Indiana. He was part of a large family of 10 children, and his father, Joseph Jackson, worked in a steel mill. However, Joseph had a passion for music, and he eventually became a talent manager. He helped Michael and his four brothers, Tito, Jackie, Marlon, and Jermaine, form a music group called the Jackson 5.
The Jackson 5’s
The Jackson 5 was a group of incredibly talented young musicians, and they quickly gained recognition for their impressive performances. In 1968, the group was signed by Motown Records, one of the most famous record labels in the world. They released their first album, “Diana Ross Presents the Jackson 5,” in 1969, which became an instant hit.
The Jackson 5’s music was loved by people all over the world, and they soon became one of the most popular music groups of all time. They sold millions of records and won countless awards, making them a household name. Michael Jackson, in particular, quickly became the group’s standout member, thanks to his incredible talent and captivating stage presence.
Thanks to the success of the Jackson 5, the family became incredibly wealthy, and Michael Jackson went on to become one of the most famous musicians of all time. His music and dance moves continue to inspire and entertain people to this day, and his legacy lives on as a true icon of pop culture.
Michael Jackson’s Personal Life
Jackson’s personal life was somewhat controversial, with several rumors and allegations surrounding him. He was married twice, first to Lisa Marie Presley and then to Deborah Rowe, with whom he had two children. His third child was born via a surrogate. Jackson was also known for his peculiar behavior, such as the infamous incident in which he dangled his baby son over a hotel balcony in Berlin. However, Jackson was also a philanthropist and donated millions of dollars to various charities, including the United Negro College Fund, the American Red Cross, and UNICEF.
Sony and Michael Jackson
In 1995, Sony gave Michael Jackson a really amazing deal. They offered to pay him $95 million (which would be worth $230 million today) to combine his music company, ATV, with theirs. The result would be a brand new music company that they would both own equally. Michael agreed to the deal, which meant he got back twice the money he originally invested, and he also became part owner of a much bigger music company.
This new company was called Sony/ATV Music Publishing and over the next ten years, it grew to include 200,000 songs! Between 2005 and 2013, Sony/ATV took control of even more songs – a total of two million! This included the music of Lady Gaga, Bob Dylan, Beck, Eminem and many others. In 2012, the company made a whopping $1.25 billion just from selling licenses and earning royalties. Their total income was $500 million that year! Nowadays, Sony/ATV is worth between $2-4 billion.
It’s important to note that Michael Jackson still owned all of his own songs through another company called Mijac Music.
How Michael Jackson Made His Money
Michael Jackson made his first fortune with the Jackson 5, but his career as a solo artist surpassed even that. His groundbreaking album, “Thriller”, released in 1982, remains the best-selling album of all time, with over 110 million copies sold globally. Jackson’s other albums also achieved immense success, with hits such as “Bad,” “Dangerous,” and “Off the Wall.” Jackson’s tours were also hugely successful, grossing millions of dollars in ticket sales. In addition, Jackson also had numerous business ventures, including his ownership of the Sony/ATV Music publishing catalog, which included rights to many popular songs.
Michael Jackson’s Net Worth
Michael Jackson’s net worth was estimated to be around $500 million. However, his estate continued to earn money posthumously, through royalties, merchandise sales, and the release of new music compilations. Jackson’s estate is estimated to be worth over $500 Million, making him one of the highest-earning deceased celebrities of all time.
How Did Michael Jackson Spend His Money?
Michael Jackson was known for his extravagant lifestyle, and his spending habits were widely reported in the media. Jackson owned several properties, including the famous Neverland Ranch, which he purchased in 1988 for $19.5 million. The ranch had numerous features, including a theme park, a zoo, and a movie theater. Jackson also had an extensive art collection, which included works by famous artists such as Michelangelo and Renoir. Jackson was also known for his fashion sense and owned many iconic outfits, such as the red jacket he wore in the “Thriller” music video.
Frequently Ask Questions about Michael Jackson
What was Michael Jackson’s biggest hit song?
Michael Jackson’s biggest hit song was “Thriller,” released in 1982.
How many albums did Michael Jackson release during his career?
Michael Jackson released 11 studio albums during his career.
How many children did Michael Jackson have?
Michael Jackson had three children, two through a surrogate and one with his second wife, Deborah Rowe.
What was Michael Jackson’s net worth at the time of his death?
Michael Jackson’s net worth at the time of his death in 2009 was estimated to be around $500 million.
What was Michael Jackson’s most expensive purchase?
Michael Jackson’s most expensive purchase was the Neverland Ranch, which he purchased for $19.5 million in 1988.
Was Michael Jackson a philanthropist?
Yes, Michael Jackson was a philanthropist and donated millions of dollars to various charities throughout his life.
What was Michael Jackson’s favorite color?
Michael Jackson’s favorite color was reportedly red.
Was Michael Jackson ever married?
Yes, Michael Jackson was married twice, first to Lisa Marie Presley and then to Deborah Rowe.
What was Michael Jackson’s favorite food?
Michael Jackson’s favorite food was reportedly KFC chicken.
How did Michael Jackson die?
Michael Jackson died on June 25, 2009, due to an overdose of the anesthetic propofol and benzodiazepine after suffering cardiac arrest.
How tall is Michael Jackson ?
Michael Jackson is approximately 5 ft 8 in (1.75 m) tall.