Michael Jackson was one of the most iconic figures in the music industry and his legacy continues to live on. But how much was he worth when he passed away in 2009?
The answer to this question has been a matter of much debate and speculation since his death. In 2021, the Tax Court issued a ruling in favor of the estate, ruling that the estate’s total combined value was $111.5 million and that the value of Jackson’s name and likeness was $4 million. This ruling was in stark contrast to the $61 million estimated by the IRS’s outside expert witness.
The bulk of Jackson’s estate was made up of his music royalties, which totaled around $90 million. Jackson’s music catalog, which includes some of the most popular songs of all time, continues to generate income for his estate. In addition to his music royalties, Jackson’s estate also included his property and other assets, such as his Neverland Ranch, which was valued at $35 million.
Jackson’s name and likeness are also a valuable asset. While the Tax Court ruled that the value of Jackson’s name and likeness was only $4 million, this figure is likely to be much higher. Jackson’s name and likeness have been used to promote a variety of products, from video games to clothing lines.
In addition to his estate, Jackson also had a number of investments. His investments included a stake in the Sony/ATV Music Publishing catalog, which is estimated to be worth around $2 billion. Jackson also had a stake in the Mijac Music catalog, which is estimated to be worth around $250 million.
Overall, Michael Jackson’s estate is estimated to be worth around $111.5 million. This figure is likely to increase over time as his music royalties continue to generate income and his name and likeness are used to promote various products. Jackson’s legacy will live on for many years to come, and his estate will continue to be a valuable asset.
Influencer Magazine UK