In 2023, the daughter of the “king of pop” – singer Paris Jackson – said she sings not for money, because she herself… doesn’t need money.

At the time of Michael Jackson’s death, he was said to be heavily in debt. However, after his death, the Jackson family continued to receive royalties from the music products that Michael Jackson released during his lifetime.

Michael Jackson is still being sued after 15 years of death, nude photos at risk of being leaked - 4Michael Jackson’s three children (Photo: Daily Mail).

It is estimated that the Jackson family has earned more than $700 million in music royalties since Michael Jackson’s death in 2009. Currently, the total assets built from Michael Jackson’s name and career are estimated to be around $2 billion.

Since Michael Jackson’s death, each of his children has continued to receive $8 million a year from his estate. Michael Jackson’s three children will inherit a fortune that continues to grow, even though their father has been gone for many years.

At certain age milestones, Michael Jackson’s children will receive special amounts of money to spend as they see fit. These milestones are ages 18, 33 and 40.

Thus, the two companies that are in charge of managing Michael Jackson’s estate – MJJ Productions and MJJ Ventures – are indeed managing a huge amount of assets.

Photos: Michael Jackson's Extended Family Tree: Who's Who? | Vanity Fair

American singer Michael Jackson (1958-2009) is often referred to by the nickname “King of Pop”. Jackson is considered one of the most impressive cultural figures of the 20th century. With a career spanning four decades, Michael Jackson has become a familiar figure in the world’s popular culture .

The eighth of 10 children, Michael Jackson began performing in 1964 with his brothers in the group The Jackson 5. Jackson began his solo career in 1971. He truly became a music star with the release of the album Off the Wall (1979).

Jackson continued to have breakthroughs in his career through the albums Bad (1987), Dangerous (1991), HIStory: Past, Present and Future, Book I (1995), Invincible (2001). Of these, Thriller (1982) became the best-selling album of all time.

Since the late 1980s, Jackson has been a controversial figure due to his changing appearance, relationships, behavior, and lifestyle. In 1993, he was accused of sexually assaulting a friend’s child. The case was settled out of court, and Jackson was not convicted due to lack of evidence.

In 2005, Jackson was again accused of sexually assaulting a child, but authorities found no evidence. In 2009, Jackson suddenly died of a drug overdose.

The passing of Michael Jackson has caused a surge of interest in the “King of Pop” and his musical legacy. His funeral in Los Angeles was broadcast live, with an estimated 2.5 billion people watching the service on television.

Michael Jackson is one of the best-selling artists of all time, with an estimated 500 million records sold worldwide.