Michael Jackson had $500M debt at his death in 2009, with $30M annual debt accumulation due to extravagant spending.

Michael Jackson's estate documents reveal he had $500M debt at the time of his death in 2009, with annual debt accumulation of $30M. His extravagant spending habits, including millions spent on jewelry and artwork, led to his financial troubles. Despite this, he was working on new songs and preparing for a residency in London in an attempt to address his financial issues.

June 27, 2024
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