Michael Jackson's Estate Continues to Provide for His Children: A Look at the Latest Financial Report
Michael Jackson's estate is still providing for his children, with the latest financial report showing significant expenses on tuition and home improvements. The estate's executors, John Branca and John McClain, highlighted the success of "MJ: The Musical" on Broadway, contributing to another successful year for the estate. Since Michael's passing in 2009, the estate has generated over $3 billion in revenue.
In 2022, the estate continued to support Michael's children, including purchasing a home for Blanket, the youngest son. Paris received around $3.2 million in benefits, with an additional $91K spent on home renovations. Prince's expenses totaled $3.1 million, including $25K for his tuition at Loyola Marymount University. Blanket's bills were lower at $939K, while MJ's mother received an allowance of $1.6 million for her expenses.
The estate also earned over $800K in royalties and residuals from various MJ projects in 2022, contributing to the overall revenue for the year. The financial report reflects the ongoing commitment of Michael Jackson's estate to provide for his children and manage his legacy effectively.