According to the documents obtained, Jackson's net worth was estimated at $1,360,839,979 on July 31, 2007. It's a fortune, to be sure ... but of that $1,150,000,000 is the Sony-ATV Publishing Trust (Beatles Catalog).
The other assets:
-- Real property $73,475,000 (Neverland valued at $66,875,000)
-- Encino Home valued at $6,600,000)
-- Restricted cash $10,696,764 (cash reserve to pay interest on loans)
-- Media Archival materials $20,000,000
-- MJ Publishing Trust $85,000,000
-- Professional equipment $1,000,000
-- Automobiles, antiques, collectibles & other personal property $20,000,000
Combined assets total $1,360,839,979.
As for liabilities, the big ticket item is Neverland -- $323,000,000. The description "Notes payable to Fortress are collateralized by Mr. Jackson's interest in the Sony-ATV Publishing Trust and a partial security interest in the Los Olivos, California (Neverland) property. Additionally, as of March 31, 2007, the bank holds restricted cash in the approximate amount of $7,803,621. With other liabilities, the sum comes to $331,000,000."
Jackson's bottom line net worth was listed at $1,360,839,979 in 2007
Michael Jackson was never broke. He had at least 3 more sources of different incomes, being MJJ Productions which owned the masters to all of albums and music from 1979-present. Plus MiJac Music Publising which owned his own songs and those by Sly & The Family Stone and other artists and also Sony/ATV. The media stupidly only ever wrote about Sony/ATV saying The Beatles was Michael's only source of income when Michael made a huge income from his own songs etc.
And dont forget that MICHAEL JACKSON music and memorabilia has earned the singer’s estate £60million since his death six weeks ago, according to Forbes magazine, writes Mike Parker.
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Senast redigerad av Zoeh 2009-08-25 kl. 16:21.