Michael Jackson owed at least USD300 million when he died?
From online sources, it was reported that:
(i) Michael Jackson owed at least USD300million when he died.
(ii) on paper at least, he had assets worth USD1.3 billion, most of them in his 50% ownership of the Beatles’ back catalogue.
(iii) his credit rating was 447 when he died – among the worst 2% when compared to all Americans.
(iv) he had less than USD700,000 in cash. That might be a lot of money to other folk, but for the King of Pop, that’s like spare change!
(v) he was a spendaholic, and someone called him “only a millionaire, but spends money like a billionaire”.
And as we all know, the one thing he did not need are weight loss supplements.
Still, RIP MJ.
