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- The payment means that the estate has eliminated the last of Jackson's outstanding personal debts (FORBES reported last month that Jackson's personal debts would be paid off by the end of the year).
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Shortly after the singer’s death, the estate started paying off a $75 million loan he had taken out against the catalog, negotiating the interest rate down from an exorbitant 15.5% to a...
Mar 3, 2019 · Jackson received royalties from his music catalog annually, but it wasn't enough to keep him out of debt. The musician's extreme debt started in 1994 with $30 million...
Ackerman, who testified in a 2013 case involving the singer, said Jackson was making $30 million-a-year payments toward his debt at the time of his death, according to Newsweek.
Jul 13, 2012 · When Michael Jackson passed away, he didn't just leave behind millions of fans of his music. He also died around $500 million in debt.
Jul 5, 2022 · William Ackerman testified during the singer's wrongful death trial that his single largest expense stemmed from interest on his loans, with Jackson paying $30 million annually toward his...
- Cory Parker
Mar 3, 2020 · William R Ackerman went on record as stating that Jackson was making annual debt payments in the ballpark of $30 million at the time of his passing, and that was just to cover the interest on somewhere between $400 million and $500 million worth of debt.
Jun 27, 2009 · It has been estimated that Mr. Jackson earned about $700 million as a performer and songwriter from the 1980s on, much of it spent. And his debts have been estimated at $400 million to $500...
