Artifacts from Michael Jackson's Neverland ranch at Michael Jackson: The Official Exhibition in London
Samir Hussein/Getty Images

http://www.theroot.com/articles/culture/2014/03/michael_jackson_s_estate_now_flush_with_cash.html

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When Michael Jackson died almost five years ago, his finances were a disaster. Comedians joked that the llamas on his Neverland ranch were going to be sold as tall pit-bulls in Los Angeles just to recoup money owed to collectors.

Now the executors are claiming that the estate is not only out of the black but turning a profit.

According to documents filed in a California court and viewed by the New York Daily News, the Prince of Pop's estate now holds $18 million cash and has earned $600 million in revenue.

Jackson's children, Prince, Paris and Blanket, are the main beneficiaries of the estate and therefore profiting from the influx of cash. According to documents, the three enjoy an $8 million per year luxury lifestyle that includes $3 million on education, $300,000 on vacations&#8212]Read more at the New York Daily News.

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The King of Pop&#8217]

The King of Pop is a cash cow.

When Michael Jackson died nearly five years ago, his finances were nearly overwhelmed by debt.

But now, the executors of his estate have moonwalked into the black.

Jacko’s estate now holds $18 million cash and has earned $600 million in revenue, according to documents filed in a California court.

The music legend’s children, Prince, Paris and Blanket, are the main beneficiaries of the turnaround. They enjoy an $8 million per year luxury lifestyle, according to documents.

Highlights of their opulence in one year includes $3 million on education, $300,000 on vacations — a single trip cost $250,000 — $15,000 in pocket money, $600,000 in security and a rental mansion with $28,500 monthly rent.
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