It’s been 10 years since the King of Pop died back in June 2009, but that certainly hasn’t stopped the Michael Jackson brand from making money—billions to be exact.
As reported by @blast, the executors and lawyers in charge of Michael Jackson’s estate have apparently been working very hard behind the scenes to keep his brand alive and incredibly lucrative. Recently uncovered legal documents show that since his passing a decade ago, the Michael Jackson estate has accumulated almost $2 billion—after reportedly being $500 million in debt before he died.
One of the major businesses that the Michael Jackson estate manages are the major holdings he has in the music industry. Court documents state that “In 2013, the estate sold its interest in EMI for $287,500,000, a 5,000% return on the estate’s investment.” To give some context, Michael’s estate owns Mijac Music, which owns the publishing rights to all songs Michael wrote and his master recordings. In addition to other songs purchased by him, including Ray Charles’ hits, “What’d I Say”, I Got A Woman”, Elvis Presley’s hits “Mystery Train” and “Cryin’ In The Chapel”