Outrageous Spending Habits Of Michael Jackson
If you are reading FoxNews.com then you have seen that Michael Jackson's monthly expenses while living and up keeping the Neverland Ranch, was costing the celeb almost $2.5 million a month to maintain. All of this for a mansion, some carnival rides, and a zoo? I "can see" where he was coming from...NOT!!!!
The article on FoxNews.com says...."Michael Jackson left behind a legacy of being an amazing artist but he also left behind $400 million worth of debt. And as the man who had the best-selling album of all-time ("Thriller"), has had the most No. 1 singles on the Billboard charts of any male and has won more awards than any other artist, many are asking how on earth he managed to rack up so many unpaid bills?
Michael Jackson had not put out any significant new material since 1997. He had racked up tens of millions of dollars in legal fees. These fees came from his child molestation trial. Michael Jackson was also notorious for his spending. FoxNews.com reported he had 75 card registered under his name.
It has been reported that Michael Jackson's household expenses totaled over $300,000. Documents filed in Los Angeles Superior Court detailed spending of $95,700 on gardening, security costs of $51,900, zoo/amusement park upkeep of $66,200, and housekeeping/PR expenses of $60,200. That is just Michael Jackson's housekeeping expenses.
Michael's personal expenses were just as astonishing. Property/personal insurance cost him $120,000. Gifts alone cost him $42,600. Medical needs also took a large chunk of money ($25,600). He did skimp when it came to entertainment, spending only $100 a month. Michael Jackson reportedly spent $475,200 on MJJ Productions and Optimum Productions. Curious, since he had not released a major piece of work since 1997. Monetary figures were used from FoxNews.com.
Looking at Michael Jackson's monthly expenses it is easy to see a problem. His monthly expenses totaled $2,339,300. A staggering amount, even for a Double Diamond superstar.
While my degree in Accounting is yet to be official, I can still add and subtract. Almost $30 million a year just up keeping the Neverland Ranch? Are you serious? This does not even include his other guilty pleasures. Plastic surgery, anesthesia, narcotic pain pills, underage slumber parties, and the cost of lawyers to fight off "child molestation charges." When you start racking up more bills then your total combined income, you will eventually find yourself in debt. I think Suze Orman would agree with me on this.
Good luck in Heaven Michael Jackson, do us a favor and stay away from the "Underage Angels. - 18424
The article on FoxNews.com says...."Michael Jackson left behind a legacy of being an amazing artist but he also left behind $400 million worth of debt. And as the man who had the best-selling album of all-time ("Thriller"), has had the most No. 1 singles on the Billboard charts of any male and has won more awards than any other artist, many are asking how on earth he managed to rack up so many unpaid bills?
Michael Jackson had not put out any significant new material since 1997. He had racked up tens of millions of dollars in legal fees. These fees came from his child molestation trial. Michael Jackson was also notorious for his spending. FoxNews.com reported he had 75 card registered under his name.
It has been reported that Michael Jackson's household expenses totaled over $300,000. Documents filed in Los Angeles Superior Court detailed spending of $95,700 on gardening, security costs of $51,900, zoo/amusement park upkeep of $66,200, and housekeeping/PR expenses of $60,200. That is just Michael Jackson's housekeeping expenses.
Michael's personal expenses were just as astonishing. Property/personal insurance cost him $120,000. Gifts alone cost him $42,600. Medical needs also took a large chunk of money ($25,600). He did skimp when it came to entertainment, spending only $100 a month. Michael Jackson reportedly spent $475,200 on MJJ Productions and Optimum Productions. Curious, since he had not released a major piece of work since 1997. Monetary figures were used from FoxNews.com.
Looking at Michael Jackson's monthly expenses it is easy to see a problem. His monthly expenses totaled $2,339,300. A staggering amount, even for a Double Diamond superstar.
While my degree in Accounting is yet to be official, I can still add and subtract. Almost $30 million a year just up keeping the Neverland Ranch? Are you serious? This does not even include his other guilty pleasures. Plastic surgery, anesthesia, narcotic pain pills, underage slumber parties, and the cost of lawyers to fight off "child molestation charges." When you start racking up more bills then your total combined income, you will eventually find yourself in debt. I think Suze Orman would agree with me on this.
Good luck in Heaven Michael Jackson, do us a favor and stay away from the "Underage Angels. - 18424
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