Jackson lived like king but died awash in debt, this debt was known for huge shopping sprees for toys and antiques, Due to sudden death of pop king Michael Jackson , his 50 sold-out London comeback shows have proved to be huge financial disaster.

Sources have thrown light on this news of Michael Jackson. According to them concert promoter AEG Live is bound to return $85 million in ticket sales for the eerily billed "This Is It" dates, the first Jackson live shows after twelve years and the first date was set for July 13.

It has already spent over 20 million dollars on production costs for the shows, billed as the most expensive arena gigs ever.

AEG is out millions more in lost merchandise sales, and perhaps another $10 million in upfront money that has been paid to Jackson

Only God knows.

His siblings arent too doing too well either, except for Janet it seems,

Elvis' bankrupt estate was turned around thanks to his wife's hard work and determination.

Maybe there's someone somewhere who can do the same for Michael.

Dont know what's going to happen to Neverland and his kids.

simple answer, sell his remaining estate to pay his debtors and have Neverland rebuilt to its glory and made out as a MJ museum/shrine.
it will be a bigger money machine than Graceland!

when all debts are paid, let the little MJ bastards children have the rights to the property and live "happily ever after" (if that is ever possible with Hollywood star children)

it would be paid off now that the MJ's estate would accrue income without any lavish spending.

jermaine jackson seems to be doing well too.

bawomolo:

it would be paid off now that the MJ's estate would accrue income without any lavish spending.

you are right on point about that, now that he is gone, no more crazy spending and his estate will make millions of profit each month.
although he had debts, he had assets to cover them, thats why people stood by him, he still owns about half of his Beatles catalogue estimated to be worth about 1.1 to 1.6 billion dollars.
just do the math!