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Michael Jackson left behind mammoth NINE-FIGURE debt on passing away
However, some reports suggest that the tour was intended to help pay off some of Jackson’s mountainous debts. At the time of his death, Jackson had $500million (£408million) debt.Many blamed his spending habits for the debt, with lavish purchases like the Neverland Ranch, which reportedly cost $19.5million (£15million) to purchase. On top of this, it is said to have cost $10million (£8million) per year to maintain, and contained the Best Picture Academy Award won by Gone With the Wind, that Jacskon bought for $1.5million (£1.2million).After his death, the executors of his estate were able to save Jackson’s financial state thanks to an aggressive tactic. They sold all of his future music rights to Sony for $250million (£204million). Once his debts were settled, Jackson’s heirs could finally access their inheritance. Forty percent of his assets were split equally between his three children, and another 40 percent was left to his mother Katherine Jackson. The final 20 percent of the superstar’s estate was left to various children’s charities. Despite receiving vast sums of money, Jackson’s children did not rest on their laurels. The eldest, Prince Jackson, 25, has lived a relatively private life and is worth roughly $100million (£81million). He edged into showbiz as a reporter for Entertainment Tonight in 2013 and acted in the 90210 reboot. Prince studied business administration, graduating cum laude,and founded King’s Son Productions. Paris Jackson, 24, is currently worth an estimated $100million (£81million) and works as a model, actress and singer. In 2018 she formed folk duo The Soundflowers with Gabriel Glenn.She’s also tried her hand in the film industry with roles in 2018’s Gringo film and 2021’s American Horror
Paris Jackson fans don't know what to think following her latest appearance
Paris Jackson is following in her father, Michael Jackson's footsteps, and seriously making her own name known.MORE: Paris Jackson posts heartfelt tribute to late dad Michael on Father's DayThe star showed off just how much she takes after her dad during a recent appearance on The Tonight Show with Jimmy Fallon, as she embarks on her own music journey.Though fans naturally couldn't help but reminisce over her father's talent and comment on the similarities between the two, her performance sparked a mixed reaction.WATCH: Paris gives rare insight into her relationship with her motherMORE: Paris Jackson commands attention in striking thigh-split dressThe young singer rocked out on stage and showed off her grungy look by sporting a ruched, silk mini dress with a gold hue by Matacomplex, paired with a see-through, long-sleeve shirt underneath, fishnet tights, combat boots, and a rust-colored smokey eye for make-up.She performed her song lighthouse, which lends itself to lots of hair flipping and guitar riffs, and fans had a lot to say about her appearance, plus who they really think she takes after.Fellow singer's daughter Willow Smith complimented her by writing: "GO GURL," and other fans followed suit, commenting: "She rocks the stage," and: "She is such a star!!" as well as: "Ladies and gentlemen, HER."A post shared by
Andrew Garfield, Bowen Yang, Jennifer Hudson Among Tony Award Presenters (TV News Roundup)
Tony Awards.In addition to the three, the full presenter list for the awards ceremony, which honors the best in theater over the last year, includes Broadway stars like Danny Burstein, Len Cariou, Lilli Cooper, Cynthia Erivo, Raúl Esparza Renée Elise Goldsberry, David Alan Grier, Nathan Lane, Telly Leung, Judith Light, Ruthie Ann Miles, Patina Miller, Lin-Manuel Miranda, Bebe Neuwirth, Kelli O’Hara, Bernadette Peters, Jeremy Pope, Chita Rivera, Phillipa Soo, Aaron Tveit and Adrienne Warren. In addition, film and television actors such as Utkarsh Ambudkar, Skylar Astin, Zach Braff, Danielle Brooks, Jessica Chastain, Bryan Cranston, Wilson Cruz, Colman Domingo, Anthony Edwards, Laurence Fishburne, Tony Goldwyn, Vanessa Hudgens, Samuel L. Jackson, Josh Lucas, Gaten Matarazzo, Sarah Paulson, Billy Porter, LaTanya Richardson, Tony Shalhoub, Sarah Silverman, George Takei and Patrick Wilson will also present awards during the evening.