HomeEntertainmentMichael Jackson's net worth in 2024, age, parents, height, weight, and more

Michael Jackson’s net worth in 2024, age, parents, height, weight, and more

Michael Jackson was born on August 29, 1958. He is a musician. He was born in Gary, Indiana. His educational journey began at Gardner Street Elementary and concluded at Montclair College Prep School. Despite his foray into music during his high school years, which precluded any further academic pursuits, Jackson was on his path to a storied career in music from an early age.

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Dubbed the King of Pop, Jackson’s contributions span from the 1970s to the early 2000s, featuring an array of chart-topping hits. Originating as a young prodigious talent within the Jackson 5, his determination for excellence was clear, embodying the essence of his legacy through his musical and personal life.

Even years after his death, Michael Jackson’s net worth continues to amass wealth, with an estimated net worth of around $2.4 million. Despite his death, his financial estate grows by millions annually. Forbes magazine, in October 2017, for the fifth year in a row, recognized Michael as the highest-earning deceased celebrity, bringing in $75 million. In addition to having a big impact on the music industry, he also dabbled in acting, which contributed to Michael’s net worth.

Michael Jackson’s biography

Celebrated Name:Michael Jackson
Full Name:Michael Joseph Jackson
Profession:American singer, songwriter, dancer, model
Birth Date:29-Aug-58
Birth Place:Gary, Indiana, United States
Nationality:American
Father:Joe Jackson
Mother:Katherine Jackson
Gender:Male
Age:50 years old (at the time of death)
Date of Death:25-Jun-09
Height:5 feet 9 inches (1.75m)
Weight:62 kg
Marital Status:Divorced
Spouse:Lisa Marie Presley (m. 1994–1996), Debbie Rowe (m. 1996–1999)
Children:Paris Jackson, Prince Jackson , Bigi Jackson
Net Worth:$2.4 billion

Early Life of Michael Jackson

Born to Joseph Walter “Joe” Jackson and Katherine Esther Scruse in 1958, Michael Jackson was the eighth of ten children in his family. Growing up, Michael shared a tumultuous relationship with his father, whom he claimed often resorted to physical abuse, including whipping him. By the age of six, Michael had already joined the Jackson 5, his father’s band that also featured his brothers. As the group’s lead singer, Michael played a pivotal role in their victory at a significant local talent show in 1965, which subsequently landed them performances in various local venues, including clubs, lounges, and even at organized concerts.

The band achieved immense success with their recordings, notably with hits like “I’ll Be There,” “I Want You Back,” “ABC,” and “The Love You Save.” These successes marked the rise of Michael Jackson as a profoundly talented musician and the group’s standout lead vocalist.

What were the height and weight of Michael Jackson?

Michael Jackson, the iconic King of Pop, stood at a height of 5 feet 9 inches (175 cm) and weighed approximately 136 pounds (62 kg).

Michael Jackson’s personal life

Before his passing, Michael had entered into matrimony with Lisa Marie Presley in 1993, only to get divorced two years later, in 1995. His subsequent marriage was to Deborah Jeanne Rowe, the woman who gave birth to his two children, Jackson Jr. and Paris Michael Katherine Jackson. This union, however, came to an end in divorce by the year 1999.

How did Michael Jackson start his career?

Michael Jackson's net worth

Michael Jackson embarked on his illustrious career at a young age, joining the ranks of the Jacksons group. His journey into solo music saw its first major success with the 1979 release of “Off the Wall,” an album that spawned four top 10 hits in the US and secured the third spot on the Billboard 200 chart. Among its popular tracks were “She’s Out of My Life,” “Rock with You,” and “Don’t Stop ‘Til You Get Enough.”

His iconic sixth record, “Thriller,” came out in 1982 and quickly became not only one of Jackson’s most acclaimed works but also the best-selling album worldwide. With over 65 million copies sold, it reigned at the top of the Billboard chart for 37 weeks. Hits from this album include memorable songs like “Wanna Be Startin’ Somethin’,” “Billie Jean,” and “Beat It.”

Besides these groundbreaking albums, Jackson released several other notable works, such as “Bad” in 1987, “Dangerous” in 1991, “History: Past, Present, and Future, Book I” in 1995, and “Invincible” in 2001. His passing in 2009 was mourned globally, leading to the crashing of websites and numerous television networks airing specials in his honor. His loss was felt deeply across the entertainment world, marking one of the most profound grieving periods in the industry.

Who owns Michael Jackson’s music catalog?

At the moment of his passing, the most prized possessions Michael had were his pair of music catalogues. Through his enterprise, Mijac Music, he managed not only his creations but also the works of a host of other musicians, including Sly and the Family Stone, Jerry Lewis, and Ray Charles. Moreover, he was renowned for possessing the Beatles catalogue, to be precise, he had ownership of 50% of the entity holding the Beatles catalogue alongside potentially millions of other tracks today.

Michael embarked on his journey into the realm of music rights ownership by acquiring the catalogues of Sly and the Family Stone in the early ’80s via his firm, Mijac. Subsequently, he secured rights to a collection of iconic singles such as “Great Balls of Fire,” “Shake Rattle and Roll,” “When a Man Loves a Woman,” and “Runaround Sue,” among others.

In November of 1984, Michael made the pivotal purchase of The Beatles catalogue, ATV Music, for $47.5 million. By 1991, Sony had made an offer of $95 million to Michael for merging ATV with its catalogue, birthing the joint entity known as Sony/ATV. In a significant transaction in 2016, Sony paid $750 million for the company share that belonged to Michael’s estate. Presently, Sony/ATV boasts ownership of millions of songs, with its value estimated between $2 and $4 billion.

What was Michael Jackson’s net worth?

Michael Jackson's net worth

By March 2024, the net worth of Michael Jackson will have reached $2.4 billion. Presently, his annual revenue, which totals $825 million, positions him as the top-earning person, especially among those who have passed away. It’s been calculated that, across his lifetime, he managed to amass $750 million. Of this, $300 million is attributed to royalties, with the remaining $400 million generated through a variety of sources, including concerts, sponsorships, music videos, merchandise, and the music publishing catalog, among others.

How much money has Michael Jackson spent?

Throughout his life, Jackson amassed around $500 million through his music, performances, videos, and promotional deals. However, by the time he passed away in 2009, he found himself in a staggering $500 million in debt, rendering him without a penny. His fortunes dwindled because he lavished his wealth on an excessively sophisticated and opulent way of living. Annually, his lifestyle expenditures ranged from $30 to $50 million, leading to enormous unsettled accounts with his legal representatives, agents, and publicity teams. Notable expenditures include:

Buying Neverland Ranch for $17 million and its yearly upkeep costs of $5 million

Allocating $20 million to resolve a lawsuit accusing him of child molestation

Investing $65 million in various video productions, one being the 35-minute “Ghosts” film co-authored with Stephen King

A $12 million payout in a divorce agreement with his former partner, Debbie Rowe

Making interest payments of $5 million a year on his debts

Squandering tens of millions on luxury cars, antiques, artwork, apparel, pet chimpanzees, gloves adorned with diamonds, and other luxury items

To sustain his extravagant spending, Jackson secured a loan for $380 million by using the value of his music catalog as collateral. The pop icon had a misplaced sense of his financial standing and was famously unsophisticated regarding his finances.

In the latter years of his life, he found himself caught in a whirlwind of financial dealings with banks, investment funds, and various dubious entities, aiming to keep up his opulent lifestyle while trying to revive his career and financial health. By the time of his death, Michael had exhausted the entire $380 million loan, with scant prospects of covering the interest payments, let alone repaying the principal amount. This dire financial situation compelled Michael to organize the “This Is It” comeback tour, which is widely believed to have contributed to his demise.

What were Michael Jackson’s greatest achievements?

Michael Jackson stands as an iconic figure in the annals of music, holding the title of one of the most honored musicians throughout the annals of history. His achievements include being elected to numerous halls of fame, including but not limited to:

Hollywood Walk of FameSongwriters Hall of Fame
Vocal Group Hall of FameRhythm and Blues Music Hall of Fame
Dance Hall of Fame

Furthermore, his trophy cabinet is adorned with an impressive array of accolades:

13 Grammy Awards39 Guinness World Records
26 American Music Awards18 MTV VMA Awards
5 Billboard Music Awards12 Soul Train Awards
16 World Music Awards

among a plethora of other recognitions. This exemplary artist has contributed immeasurably to the music industry, breaking records and setting new benchmarks with his unparalleled talent and dedication.

Abubakar
Abubakarhttps://datewithhistory.com
Abubakar is a writer and digital marketing expert. Who has founded multiple blogs and successful businesses in the fields of digital marketing, software development. A full-service digital media agency that partners with clients to boost their business outcomes.
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