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Really took the one -- a year ago.
But Jackson's financial and -- -- work more in debt that it wants in life.
-- Balkans joins us from the Wall Street Journal.
All right what happened to the money.
After he died you state the value -- -- well.
He's already growth about a billion dollars in revenue space on music sales film TV.
In music publishing and basically we've -- -- right since his death.
A billion dollars has flowed into the.
A state into the estate when you look at it he's he's made 383.
Million dollars in music sales alone in about 34 million event.
It's down -- but when you look at the film this is there which was a blockbuster.
I hit that was 260.
Million and then you -- in the dvd rentals in the dvd sales that's another about seventy million.
On the music publishing fact he still owns remember the Sony ATV catalog which includes The Beatles catalog in about 200.
Thousand other songs -- based on a multiple of eight to ten times publishers -- here.
Jackson is bring in about eighty million dollars a year on that alone and that's not including his -- publishing catalog which is about a 150 million so when you look at it.
Michael Jackson is -- making money exponentially.
And he's not around suspended in a wild fashion and -- -- exactly in this you know he was in debt when he.
We need to be done to the tune of 300 to 500 million and now he's about 900 million that he's mean he's here now -- -- -- -- -- Of get -- -- state has gained in value after that death I'm thinking of Elvis the most realizes yet and you know it's crazy because this morning I was doing some more research on this and there's actually a word for deceased celebrity -- problem.
The leveraging its okay and in that the morbid.
Concept but when you think about it Elvis made 55 million himself.
Last year in one of the things he made money off of what the Barbie dial with this.
And -- kind of a jailhouse rock Barbie doubt but the one that I really like to talk about is Jimi Hendrix -- This year hit the billboard charts with valleys of Neptune if you don't have that I recommend it it's.
-- collection of his music electric.
Maybe land with -- the record that it was supposed to follow up that that record Jimmy Hendrix died.
Forty years ago yes and it -- for the fortieth anniversary that his estate.
Which is controlled by his -- I want to get this in before we close something Michael Jackson's three children.
Want financial arrangements for them how much are they gonna yet well after his death upon his -- they each got 33 million dollars but -- structured so over time.
They would -- they wouldn't get full access to their inheritance.
Until they're forty years old for legality partial withdraw that when he warned they get a third of it when they're 3035.
What they get about half an -- forty they'll get that full amount.
And you know what was interesting was -- his father when Michael Jackson died a couple days later his father was already talking about the here.
Getting in the entertainment business and he was really criticized for that.
Because you know people you know -- really very skeptical of him but what was really interesting if I think he was already talking about succession planning I mean this is the guy who was the patriarch of the family.
Who started a musical dynasty that now is worth about a billion dollars these kids are going to need to be prepared.
They're gonna need to go to college get their MBAs potentially.
To manage this money but that -- reality TV shows for them.
Do you never know but in some ways when you think about it they're gonna in here.
A billion dollars at least between the three of them over time trend in this doesn't it's the only.
As that will continue to grow as the as the portfolio growth how how old the children that are all on the there there there's the preteen.
Two preteens and then there's the younger -- whose price eight years old.
-- a long way away from getting a whole bunch of money that get it in stages is that what you're commemorative service today also in Southern California believe police are trying to gear up for that as -- remember last year the millions of dollars spent to try and deal with that I understand as you can actually.
Go and insight into a book and actually send your tribute to the Jackson family if you include -- dollar someone will actually read it yes that's a live look of where he is into I think that's happening now.
That was fast that they can -- in my mind that it's hard to believe it's been a year yet.
I'm glad the kids that they get seriously that's great news for you today that it -- remarkably good financial estate planning from the -- yeah I mean you know to hold back the money paid in drips and drabs and in the whole lot when therefore they.
That's -- Because based on personal experience that Michael had himself you know you know -- he was someone that was so wealthy at a young age.
And wanted to make sure that his children would grow that well things he was still talking about it -- is good stuff definitely organs like the.
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