Michael Jackson Estate Debt Crisis: How Execs Turned $500M Debt into $2B Fortune
Los Angeles, California – When pop icon Michael Jackson passed away in 2009, court documents revealed that he was facing over $500 million in debt. Jackson, who had been preparing for his “This Is It” residency in London, was deep in financial troubles at the time of his death. Jackson’s estate was left to deal with the aftermath of his passing, including a significant amount of debt owed to creditors and the financial burden of …