Sony Music owns the majority of Michael Jackson's catalogue

Michael Jackson: many debts after his death

Michael Jackson was in dire financial straits and in significant debt at the time of his death in 2009, according to documents filed by the executors of his estate, which detail his financial situation at the time of his death.

Before he died, Jackson, winner of 13 Grammy awards, was about to embark onThis Is It‘, a 50-date tour at London’s O2 Arena with a debut scheduled for July 13th.

But on 25 June 2009 Michael Jackson suddenly died in Los Angeles, obviously leading to the cancellation of the tour with a consequent accumulation of debts towards Aeg, the promoting agency, furthermore the star was dealing with various legal actions both in the USA and abroad. abroad.

Currently his beneficiaries are his mother Katherine and his children Prince, Paris and Blanket, however the executors claim that there has been no financial distribution for them due to problems with the US tax authorities.

Jackson sold over 400 million records during his career. In 1997 he was inducted into The Rock and Roll Hall of Fame as a member of the Jackson 5 and in 2001 as a singles artist.