Thanks to FoxNews.com we have discovered that the former Michael Jackson was lavishly spending almost $2.5 million a month on the Neverland Ranch and the maintenance of the property and it's entertaining sights. $2.5 million a month for a huge house, some mid-way rides, and some exotic animals? I clearly understand Jacko's way of thinking.....NOT!!!!!
Michael Jackson was deeply in debt. According to the excerpt from FoxNews.com...."Michael Jackson left behind $400 million worth of debt". Michael Jackson had produced "Thriller", the best-selling album of all time. He had multiple number 1 singles. How on earth did Michael Jackson manage to rack up so many unpaid bills.
Michael Jackson had not put out any significant new material since 1997. He had racked up tens of millions of dollars in legal fees. These fees came from his child molestation trial. Michael Jackson was also notorious for his spending. FoxNews.com reported he had 75 card registered under his name.
Documents filed in Los Angeles Superior Court provide a glimpse into Michael Jackson's lifestyle. Jackson spent $95,700 on gardening for Neverland Ranch. $51,900 for security costs. It cost $66,200 to upkeep Michael Jackson's famous zoo/amusement park. His housekeeping and PR expenses stood at around $60,200. Total monthly household expenses equaled $358,600.
Michael Jackson had also racked up unbelievable personal expenses. His personal/property insurance cost $120,000. He spent $25,600 caring to his medical needs. Michael Jackson was also a gift giver. He spent $42,600 on gifts. Yet, he only spent $100 a month on entertainment. I guess the entertainment does not count Neverland Ranch. The dollar figures came from FoxNews.com.
Michael Jackson's monthly expenses were staggering. It cost $2,339,300 to live the life he had built. Even for a Double Diamond superstar, that is a crippling amount of money.
Now I don't have a degree in Accounting (yet), but I can do the math. That's almost $30 million a year that was being spent on the Neverland Ranch alone. This is not including all the plastic surgery, pain pills, underage birthday parties, and court cost to fight "molestation" charges. And people are actually wondering why MJ was almost broke? Do the math people. When your bills are more then your gross income, you go into debt. Now I'm no Suze Orman but i think I'm on the right track.
Goodbye to not only a musical icon but also the King of Pop. R.I.P. MJ. Make sure you don' catch any new criminal charges up there. We know you love them "Barely Legal" Angels.
Michael Jackson was deeply in debt. According to the excerpt from FoxNews.com...."Michael Jackson left behind $400 million worth of debt". Michael Jackson had produced "Thriller", the best-selling album of all time. He had multiple number 1 singles. How on earth did Michael Jackson manage to rack up so many unpaid bills.
Michael Jackson had not put out any significant new material since 1997. He had racked up tens of millions of dollars in legal fees. These fees came from his child molestation trial. Michael Jackson was also notorious for his spending. FoxNews.com reported he had 75 card registered under his name.
Documents filed in Los Angeles Superior Court provide a glimpse into Michael Jackson's lifestyle. Jackson spent $95,700 on gardening for Neverland Ranch. $51,900 for security costs. It cost $66,200 to upkeep Michael Jackson's famous zoo/amusement park. His housekeeping and PR expenses stood at around $60,200. Total monthly household expenses equaled $358,600.
Michael Jackson had also racked up unbelievable personal expenses. His personal/property insurance cost $120,000. He spent $25,600 caring to his medical needs. Michael Jackson was also a gift giver. He spent $42,600 on gifts. Yet, he only spent $100 a month on entertainment. I guess the entertainment does not count Neverland Ranch. The dollar figures came from FoxNews.com.
Michael Jackson's monthly expenses were staggering. It cost $2,339,300 to live the life he had built. Even for a Double Diamond superstar, that is a crippling amount of money.
Now I don't have a degree in Accounting (yet), but I can do the math. That's almost $30 million a year that was being spent on the Neverland Ranch alone. This is not including all the plastic surgery, pain pills, underage birthday parties, and court cost to fight "molestation" charges. And people are actually wondering why MJ was almost broke? Do the math people. When your bills are more then your gross income, you go into debt. Now I'm no Suze Orman but i think I'm on the right track.
Goodbye to not only a musical icon but also the King of Pop. R.I.P. MJ. Make sure you don' catch any new criminal charges up there. We know you love them "Barely Legal" Angels.
About the Author:
Enjoy finding out more about Michael Jackson's Expenses? Subscribe to Jim's Celebrity News and find other Celebrity facts. Click here to get your own unique version of this article with free reprint rights.
No comments:
Post a Comment