The huge sum – from record sales and lucrative deals brokered by the estate – is 47 TIMES what the debt-ridden King of Pop made in 2009. That's nearly two thirds of what Elvis Presley's estate had made in the 33 YEARS following his death. If the cash keeps rolling in, Jackson’s children, Prince Michael, 12, Paris, 11 and Blanket, seven, will get billions from their trust funds by the time they reach 21.
A source said: 'The estate has made around $900 million in cash since Michael's death. This is an incredible amount. No other artist has ever made so much. It should ensure Michael goes down in history as the greatest artist of all time.'
Record sales soared as soon as news of Jackson's death was announced on June 25 last year. More than 415,000 albums were sold in the first four days in America alone.
In the previous year, Jackson, who was struggling to pay off $500 million in debts, and was selling off his beloved Neverland Ranch, had sold just 10,000 records, and made an estimated $19 million.
His estate, run by two US lawyers, has since signed the most lucrative recording contract ever – a $250 million deal with Sony for continuing rights to his unreleased songs.
A $200 million contract with Cirque du Soleil to create a Michael Jackson show in Las Vegas is also said to be in the pipeline. Jackson's merchandise, profits from The Beatles songwriting catalogue which he bought in 1985, and the 'This Is It' film released after his death helped raise the $900 million.
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