Michael Jackson Estate Net Worth

According to http://www.celebjunkyz.com, the mainstream media isn't reporting the true value of the Michael Jackson estate which is worth billions. Michael Jackson's estate's net worth increased substantially since the singer's death in June 2009. At the time of Michael Jackson's death his net worth was $236 million. Jackson had $567.6 million in assets, including his Neverland Ranch which was worth $33 million, his share of the Sony/ATV Music Publishing catalog that includes the rights to songs by the Beatles which was worth $390.6 million, and an assortment of cars, antiques and collectibles worth $20 million. Michael Jackson had debts of at least $331 million when he died, leaving him with a net worth of $236.6 million.
Since Michael Jackson's death his estate has generated over $1 billion in sales revenue. The estate has generated music sales of over $429 million, film/television sales of over $392 million, music publishing sales of over $130 million, licensing/touring revenues of over $35 million, and recording contract income of over $31 million. Michael Jackson's estate has earned a total net profit of over $400 million since his death.
Additionally, since Michael Jackson's death the estate has been working on paying off his substantial debt which was estimated to be as high as $400 million dollars. Michael Jackson's estate has already paid $159 million towards the pop star's massive debt which would leave the remaining amount below $300 million.
In this article we take an indepth look at Michael Jackson's net worth. We also account for the value of the Michael Jackson brand (value of his name and likeness) which most media outlets have failed to do.
Career Earnings
ALBUM INCOME:
: $37 million
: $115 million
: $57.5 million
: $57.5 million
HIStory: Past, Present and Future, Book I: $35 million
Blood on the Dance Floor: HIStory in the Mix: $10 million
: $15 million
OTHER INCOME SOURCES:
Tour earnings: $100 million
Endorsements: $30 million
Videos/films: $20 million
Merchandise: $25 million
Cumulative Earnings: $502 million
(These are values as of 2002 and don't take into consideration income from publishing.)
Assets
Sony/ATV: $1 billion (Michael Jackson's estate retains a 50% percent stake in the company valued at $2 billion)
Sony/ATV ranked as the second largest music publisher in the U.S., with just under 20% of the market. Industry sources estimate Sony/ATV's revenue has grown more than 60% in the past two years, to an annual $500 million. Net publisher's share —a closely watched figure in the industry, which is sales minus payments to artists — has doubled, to an estimated $200 million. In a recent financial filing, Sony said the division had $1.3 billion in assets and $479 million in debt. That would give the division a net value of about $850 million. But it would be likely to fetch much more than that in a sale. When Universal Music bought BMG Music Publishing in September 2006, Universal paid $2.1 billion, or nearly 12 times BMG's estimated net publisher's share. Sony/ATV probably wouldn't get the same multiple in today's market. But even at 10 times its current publisher's earnings, the company would be worth $2 billion.
Mijac Music: $300 million
According to sources, since Michael Jackson's death Mijac Music has doubled its revenue from $25 million per year to as much as $50 million. At this level of revenue, it would have a value of approximately $300 million.
Sycamore Valley Ranch: $25 million
Neverland Valley Ranch was renamed Sycamore Valley Ranch after Michael Jackson deeded the property over to the Sycamore Valley Ranch Company (which is controlled by Colony Capital LLC) in a $35 million deal. Thomas J. Barrack Jr., chairman and founder of Colony Capital LLC, the private-equity firm that now owns the former Neverland Valley Ranch, told Bloomberg News that he hoped to sell it for more than $100 million. It is believed that Michael Jackson's estate still retains an unknown stake in the property.
Michael Jackson Brand: $900 million
Michael Jackson's estate is currently bringing in upwards of $275 million dollars per year which is more than any dead celebrity and more than any living celebrity besides Oprah Winfrey. Maintaining the current $200 million-per-year average income seems unlikely. But with a number of substantial deals in the works-including a very lucrative international Cirque del Soleil tour set to launch in 2011-it’s conceivable that earnings could level off in the $75-$100 million range annually. At a conservative estimate of 12 times earnings the value of the Michael Jackson brand would be at least $900 million. For comparisons sake, Forbes magazine estimated Oprah's brand to be worth $1 Billion when they increased her net worth by $1 billion from 2007 to 2008 in order to account for the value of her brand when calculating her net worth for their annual ranking of billionaires.
Other Assets: $20 million (cars, antiques, collectibles and other property)
Net Worth
ASSETS:
Sony/ATV: $1 billion
Mijac Music: $300 million
Sycamore Valley Ranch: $25 million
Michael Jackson Brand: $900 million
Other Assets: $20 million
LIABILITIES:
Debt: $241 million ($400 million - $159 million)
Net Worth: $2 billion

Main Menu

See Also

Main Menu