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Michael Jackson tour: Why MJ may have done 'gruelling' tour to pay bills - 'Tapped out'
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msn.comREAD MORE: John Travolta danced to Grease song with Princess Diana at White HouseThe Neverland Ranch was also a major drain on his bank account, with the zoo, train and various maintenance staff costing a pretty penny.
Mr Ackerman said: ". . . Consistently, his largest expenditure was interest expense. He spent a ton of money on interest. . .
He was tapped out. "In 1993, according to Mr Ackerman, Michael owed $30million (£21. 6million), which grew to $140million (£101million) by 1998 and was between $400 and $500million (£288 and £360million) by the time of Michael's death.
The accountant also said previous tours of Michael's had not earned him the big bucks he would have hoped for, with the HIStory tour losing the singer $11.
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