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HomeNewsMichael Jackson Was Over $500 Million in Debt When He Died

Michael Jackson Was Over $500 Million in Debt When He Died

Michael Jackson Was Over 0 Million in Debt When He Died


The executors’ attorneys are now asking the court to “allow, authorize and approve of compensation” for the “extraordinary services rendered” by a number of legal firms on behalf of Jackson’s estate, totaling to more than $3.5 million in payment.

“At the time of Michael Jackson’s death, his assets were highly leveraged and the debt in some cases was in default,” the court document read. “The Executors, with the assistance of their legal team, worked to bring all debt current, and negotiated and restructured the debt at interest rates far more favorable to the Estate so that the Estate was able to and has paid in full all of the debt that so heavily burdened Michael Jackson during his life.”

E! News has reached out to Jackson’s estate for comment but hasn’t heard back.

To see Jackson’s life in photos, keep reading.

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