Updated 8 July:
The star's five-page will dated 7 July, 2002 estimates his estate to be worth more than $500m (£303m), and gives it to The Michael Jackson Family Trust. The will said Jackson's estate consisted almost entirely of "non-cash, non-liquid assets, including primarily an interest in a catalogue of music royalty rights which is currently being administered by Sony ATV, and the interests of various entities".
The trust will benefit his three children, his mother and unnamed charities. The document reveals that the star "intentionally omitted" to provide for his former wife, Debbie Rowe. Jackson's long-term friend and singer Diana Ross is named as a guardian for his three children should his mother be unable to take care of them. Katherine Jackson was granted temporary guardianship of Jackson's three children on Monday June 29th 2009.Meanwhile, figures show Jackson had the three top-selling US albums(Number Ones, Essential Michael Jackson & Thriller) last week of June 2009 - each shifting more than 100,000 copies. Debbie Rowe is the biological mother of Jackson's eldest children - Michael Joseph Jackson Jr, known as Prince Michael, 12, and Paris Michael Katherine Jackson, 11. The singer's youngest son - seven-year-old Prince Michael II - was born to a surrogate mother whose identity has never been revealed. VIA
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Michael Jackson 30th Anniversary Celebration Concert
In late November of 2001, the CBS television network aired a two-hour special in honor of Michael Jackson's thirtieth year as a solo entertainer (his first solo
single, "Got to Be There", was recorded in 1971). The show was edited from footage of two separate concerts Michael had orchestrated in New York City's Madison
Square Garden. (on September 7th & 10th 2001, Michael Jackson celebrates his 30th anniversary as a solo artist at Madison Square Garden in New York.) The shows sold out in five hours. Ticket prices were pop's most expensive ever; the best seats cost $5,000 and included a dinner with Michael Jackson and a signed poster. The cheapest seats cost $1600, which included just a dinner following the concert. Jackson reportedly earned $7.5 million for each of the two concerts, which is over $150,000 per minute. Amongst fellow artists paying tribute to him are Whitney Houston, Usher, James Ingram, Destiny's Child, Liza Minnelli and many others. He also reunites on stage with his brothers for the first time since 84.
Michael Jackson died after being found unconscious in his Bel Air home on Thursday 25thJune2009. Jackson - who had battled addiction to painkillers and among myriad health problems - died in the midst of a comeback bid, with 50 soldout concerts planned for London this summer.
| Billie Jean lyric She was more like a beauty queen from a movie scene I said don't mind, but what do you mean I am the one Who will dance on the floor in the round She said I am the one, who will dance on the floor in the round She told me her name was Billie Jean, as she caused a scene Then every head turned with eyes that dreamed of being the one Who will dance on the floor in the round People always told me be careful of what you do And don't go around breaking young girls' hearts And mother always told me be careful of who you love And be careful of what you do 'cause the lie becomes the truth Billie Jean is not my lover She's just a girl who claims that I am the one But the kid is not my son She says I am the one, but the kid is not my son For forty days and for forty nights The law was on her side But who can stand when she's in demand Her schemes and plans 'Cause we danced on the floor in the round So take my strong advice, just remember to always think twice (Do think twice) She told my baby we'd danced till three, then she looked at me Then showed a photo my baby cried his eyes were like mine (oh, no!) 'Cause we danced on the floor in the round, baby People always told me be careful of what you do And don't go around breaking young girls' hearts She came and stood right by me Then the smell of sweet perfume This happened much too soon She called me to her room Billie Jean is not my lover She's just a girl who claims that I am the one But the kid is not my son Billie Jean is not my lover She's just a girl who claims that I am the one But the kid is not my son She says I am the one, but the kid is not my son She says I am the one, but the kid is not my son Billie Jean is not my lover She's just a girl who claims that I am the one But the kid is not my son She says I am the one, but the kid is not my son She says I am the one, but the kid is not my son She says I am the one Billie Jean is not my lover Billie Jean is not my lover Billie Jean is not my lover Billie Jean is not my lover Billie Jean is not my lover Billie Jean is Billie Jean is Billie Jean is Not my lover Not my lover Not my lover Not my lover Billie Jean is not my lover (she is just a girl) Billie Jean is not my lover (she is just a girl) Billie Jean is not my lover (she is just a girl) Billie Jean is not my lover (she is just a girl) Billie Jean is Billie Jean is Billie Jean is not my lover Billie Jean is not my lover Billie Jean is Billie Jean is Billie Jean is not my lover Billie Jean is not my lover Billie Jean is Billie Jean is |
The 50-year-old music icon fell unconscious and stopped breathing at his rented home on Sunset Blvd. in Bel Air, Los Angeles neighborhood of Holmby Hills. A doctor present at the time of the incident performed CPR on the singer who suffered cardiac arrest but could not revive him. He was not breathing and had no pulse when paramedics arrived after a 911 call around 12:26 p.m. PT. They administered CPR and took Jackson via ambulance to UCLA Medical Center but were unable to revive him.
Michael was pronounced dead at 2:26 p.m. The cause of death was unknown, Jackson's brother Marlon told CNN that Michael was not feeling well Wednesday night and a doctor was called to the house. Jackson family attorney Brian Oxman speculated to CNN that the singer's death might be related to the abuse of prescription medication.
Born on August 29, 1958, in Gary, Indiana, Jackson was the seventh of nine children. He married Lisa Marie Presley — Elvis' only child — in 1994, but they divorced 20 months later in 1996. The 41-year-old songtress said she is so very sad and confused with every emotion possible at his sudden death. The same year, Jackson married Debbie Rowe and had two children before splitting in 1999.
The singer is survived by three children: Michael Joseph Jackson Jr., Paris Michael Katherine Jackson and Prince "Blanket" Michael Jackson II.
At the time of his death, Jackson was gearing up for a comeback, rehearsing for a series of 50 sold-out shows in London's O2 arena (expected to generate $100 million in ticket sales) that would jump-start a world tour, a new album and possibly a movie. Michael Jackson, who amassed fortunes and lost them all, died in debt - but may have been sitting atop a goldmine. His family will need every penny to clean up the financial mess left by Jackson, who was famously called "a millionaire who lived like a billionaire." In the end, even though he was getting as much as $75 million a year from the rights to his own megahits as well as those of the Beatles, the King of Pop died deeply in debt. By 1999, he was earning $11 million a year but spending $31 million. He bought a 2,500-acre property near Santa Ynez, Calif. for $17 million in 1989, spending millions more to turn it into a fantasyland he called the Neverland Ranch. He installed a zoo, an amusement park, a movie theatre and a miniature train system. It cost him $5 million a year to staff and maintain.
His shopping sprees became legendary: he thought nothing of dropping $150,000 in a few minutes at London's Harrods or $250,000 browsing for antiques in Beverly Hills.
He bought Rolls-Royces and Bentley and helicopters and jewelry for Elizabeth Taylor. There are stories of him flipping through high-end catalogues ordering every item on every page.
Then there was was the divorce settlement with Lisa Marie Presley, the $20 million he paid to make a child-molestation lawsuit go away, and a long series of lawsuits by assorted hangers-on. And the repeated plastic surgeries, which must have cost him more millions. By the late 1990s, Jackson was as much as $200 million in debt and the situation only got worse. He closed Neverland in 2006 and took out a $270 million loan against his music publishing holdings. He took out a $23 million loan on Neverland but defaulted several times. And still the lawsuits kept coming. He was sued last year in London by a Bahraini sheik who claimed the pop singer owed him $7 million. Jackson said he thought the sheik was giving him gifts, the sheik said he thought he and Jackson were going into the songwriting business together. Jackson settled the suit.
Via
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