Michael Jackson’s Billion-Dollar Life After Death

Many music fans all over the world celebrate the first anniversary since the death of the King of Pop, Michael Jackson. The singer’s die-hard fans say that their idol staged his death to escape from public attention & avoid the multi-million debt issue. This is a a fantasy (most likely), although plenty of of those, who were close to the musician, knew that the dead Michael Jackson cost much over the living one.
Plenty of fans still think that the legendary singer is alive. They take this rumor as a straw that they can catch. Some recognized him on a photograph depicting a man wearing a red sweater & hiding behind a police man. Those who require to think it, basically think it, but it is clear that the death of such a giant public persona as Michael Jackson could not but generate limitless rumors.
One of the basic rumors that speak for the mystification of Michael’s death is the fact that they managed to increase his fortune plenty of times. When they died, the King of Pop was not the king: they was not on top in the music world & had $400-million debts. The singer hoped to repay his debts with the help of live shows, but then they realized that they would not be physically able to play 50 gigs that were announced in London. That is why, they supposedly decided to stage his death.
All of that is a myth. However, one may say for positive that Michael was perfectly prepared for his death, or that somebody prepared him for that perfectly.
Let’s take his will, which angered plenty of of his relatives. In accordance with the document made in 2002, his sister Katherine Jackson received 40 percent of the singer’s fortune. Another 40 percent was given to his children, & the remaining 20% was meant for charity. The children won't get millions of dollars without delay. When coming of age, they are going to be able to appoint fund managers. When turning 30, the heirs will have a right to spend one-third of the inherited amount, & then a half – when turning 35. The heir obtains full possession of the inherited money at age 40.
Whoever prompted such a solution to Michael was a wise person: his children will be financially secure throughout their lives.
When alive, Michael Jackson was known not only for his music, but also for his extravagant spending. They could spend tens of thousands of dollars in one day of shopping. They would spend much more on children’s toys, they bought his Neverland ranch for $19.5 million & then invested $30 million more in it to turn it in to a theme park.