The estate of Michael Jackson is currently earning more money than the late artist did when he was alive, according to newly-released court documents.
Jackson, who died in 2009 at the age of 50, reportedly faced debts of up to $500 million (£388 million) at the time of his death. The aforementioned documents claim, however, that the executors of his estate have “disposed of most of the creditors’ claims” – but some debts still remain.
However, as reported by The Mirror, Jackson’s estate earned $74 million (£57.4 million) in 2015. The details have come to light in a 73-page court document which was filed at a Los Angeles court by his executors.
Those earnings include publishing rights, which brought in $2,448,584.99 (£1.9 million) in that year. Jackson’s merchandising arm, Triumph International, was the biggest-earner for the estate during that time period, bringing in $18.8 million (£14.5 million).
The documents also shed light on some of the estate’s expenditures, which include a $10.8 million (£8.3 million) bill on a house for Jackson’s children and $1 million (£776,000) in medical bills for his mother, Katherine.
In other Jackson news, his estate and Sony Music have both been cleared from a long-running lawsuit which claims that three of the tracks on the posthumous album ‘Michael’ didn’t actually feature the late artist’s vocals.