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Five years after death, Michael Jackson's fortunes blooming

Published on Jun 24, 2014 10:07 AM
 
A dancer holds a poster for Xscape, the second posthumous compilation album of previously unreleased songs by Michael Jackson, after a Michael Jackson tribute flash mob dance on the 3rd Street Promenade in Santa Monica, California, on June 22, 2014. -- PHOTO: AFP

LOS ANGELES (AFP) - Michael Jackson fans will place flowers on his grave in Los Angeles this week to mark the fifth anniversary of his death, but half a decade on, the pop icon’s financial fortunes are positively blooming.

The self-proclaimed King of Pop was struggling to avoid bankruptcy when he died on June 25, 2009. At the time, he was in rehearsals for a series of comeback shows he hoped would resurrect his earlier jaw-dropping wealth.

But in five years since, the Michael Jackson Estate – which runs his affairs on behalf of Jackson’s mother and three children – has earned over US$700 million (S$874.5 million), according to a new book about the singer’s business empire.

“Michael Jackson is making more money now, five years after his death, than he had been since the prime of his career,” Zack Greenburg, author of Michael Jackson Inc, told AFP.

 
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