There's Nothing Michael Jackson Couldn't Buy
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.
Aside from losing tens of millions of dollars during his child molestation trial, Jackson didn't put out any significant new material since 1997. But more detrimental to his finances was his notorious big-spending. Last week we revealed his automobile fixation (he had 75 cars registered under his name) and according to financial statements at the time of his divorce to Debbie Rowe in 1999, his cost of living at the time averaged a whooping $2,339,300 per month.
It has been reported that Michael Jackson's household expenses totaled over $300,000. Documents filed in Los Angeles Superior Court detailed spending of $95,700 on gardening, security costs of $51,900, zoo/amusement park upkeep of $66,200, and housekeeping/PR expenses of $60,200. That is just Michael Jackson's housekeeping expenses.
Michael Jackson did not skimp on personal expenses either. FoxNews.com reported Michael as spending $178,100 on legal services, $120,000 on personal/property insurance, $25,600 on medical needs, and $42,600 on gifts, but only $100 a month on entertainment. I guess you could count the expenses for Neverland Ranch as entertainment. Overall, his personal expenses were estimated at $1, 420,600 monthly.
Overall, it would cost $2,339,300 to live the life of Michael Jackson for just one month. And that would likely put anyone in debt."
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.
Good luck in Heaven Michael Jackson, do us a favor and stay away from the "Underage Angels. - 18780
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.
Aside from losing tens of millions of dollars during his child molestation trial, Jackson didn't put out any significant new material since 1997. But more detrimental to his finances was his notorious big-spending. Last week we revealed his automobile fixation (he had 75 cars registered under his name) and according to financial statements at the time of his divorce to Debbie Rowe in 1999, his cost of living at the time averaged a whooping $2,339,300 per month.
It has been reported that Michael Jackson's household expenses totaled over $300,000. Documents filed in Los Angeles Superior Court detailed spending of $95,700 on gardening, security costs of $51,900, zoo/amusement park upkeep of $66,200, and housekeeping/PR expenses of $60,200. That is just Michael Jackson's housekeeping expenses.
Michael Jackson did not skimp on personal expenses either. FoxNews.com reported Michael as spending $178,100 on legal services, $120,000 on personal/property insurance, $25,600 on medical needs, and $42,600 on gifts, but only $100 a month on entertainment. I guess you could count the expenses for Neverland Ranch as entertainment. Overall, his personal expenses were estimated at $1, 420,600 monthly.
Overall, it would cost $2,339,300 to live the life of Michael Jackson for just one month. And that would likely put anyone in debt."
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.
Good luck in Heaven Michael Jackson, do us a favor and stay away from the "Underage Angels. - 18780
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