Michael Joseph Jackson was an icon to many. Dubbed as the King of Pop, Michael’s presence itself made people’s hearts skip a beat. He was not just an icon but a revolution himself. Over a four-decade career, Michael’s musical achievements broke American racial barriers. He soon turned into a dominant figure worldwide.
Michael was one of the richest entertainers and has been earning a lot of money since his childhood. But at the time of his death in 2009, he was under a huge debt due to financial losses. He used to earn USD 50 million to USD 100 million per year from his albums, world tours, and endorsements. What went wrong with Michael’s finances that he incurred such a huge debt? Let us read to find out.
Michael Jackson’s early earnings
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