The death of Michael Jackson has turned into a gold mine for his estate with an estimated $310 million being earned since the singers death in 2009.
According to documents obtained by TMZ, Jackson died with approximately $400 million in worldwide debts, while $310 million has already been made from his death with nearly half of that money already being spent.
Of that $310 million owed, executors have paid back $159 million in debt, income taxes and other expenses including family support for Jackson’s mother Katherine.
Also included in expenses were illness and memorial service charges.
According to the legal documents, Jackson’s estate has received more than 65 claims from creditors with some asking for extremely high interest rates.
