Outrageous Spending Habits Of Michael Jackson
Thanks to FoxNews.com we have discovered that the former Michael Jackson was lavishly spending almost $2.5 million a month on the Neverland Ranch and the maintenance of the property and it's entertaining sights. $2.5 million a month for a huge house, some mid-way rides, and some exotic animals? I clearly understand Jacko's way of thinking.....NOT!!!!!
The featured article from FoxNews.com reported "Michael Jackson left behind $400 million worth of debt". Many are asking how Michael Jackson could run up such debt? He owned a long list of valuable items. He owned the Beatles music collection. He was still receiving royalties from "Thriller". Yet, he still managed to run up $400 million in debt.
Michael Jackson own shopping habits were a problem. FoxNews.com reported finding 75 cars registered under his name. Many celebrities love cars; however, many celebrities are also still working. Michael Jackson had not put out a significant piece of music since 1997.
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 Jackson did not skimp on personal expenses either. FoxNews.com reported Michael as spending $178,100 on legal services, $120,000 on personal/property insurance, $25,600 on medical needs, and $42,600 on gifts, but only $100 a month on entertainment. I guess you could count the expenses for Neverland Ranch as entertainment. Overall, his personal expenses were estimated at $1, 420,600 monthly.
Michael Jackson's monthly expenses were staggering. It cost $2,339,300 to live the life he had built. Even for a Double Diamond superstar, that is a crippling amount of money.
Now I don't have a degree in Accounting (yet), but I can do the math. That's almost $30 million a year that was being spent on the Neverland Ranch alone. This is not including all the plastic surgery, pain pills, underage birthday parties, and court cost to fight "molestation" charges. And people are actually wondering why MJ was almost broke? Do the math people. When your bills are more then your gross income, you go into debt. Now I'm no Suze Orman but i think I'm on the right track.
Good luck in Heaven Michael Jackson, do us a favor and stay away from the "Underage Angels. - 23812
The featured article from FoxNews.com reported "Michael Jackson left behind $400 million worth of debt". Many are asking how Michael Jackson could run up such debt? He owned a long list of valuable items. He owned the Beatles music collection. He was still receiving royalties from "Thriller". Yet, he still managed to run up $400 million in debt.
Michael Jackson own shopping habits were a problem. FoxNews.com reported finding 75 cars registered under his name. Many celebrities love cars; however, many celebrities are also still working. Michael Jackson had not put out a significant piece of music since 1997.
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 Jackson did not skimp on personal expenses either. FoxNews.com reported Michael as spending $178,100 on legal services, $120,000 on personal/property insurance, $25,600 on medical needs, and $42,600 on gifts, but only $100 a month on entertainment. I guess you could count the expenses for Neverland Ranch as entertainment. Overall, his personal expenses were estimated at $1, 420,600 monthly.
Michael Jackson's monthly expenses were staggering. It cost $2,339,300 to live the life he had built. Even for a Double Diamond superstar, that is a crippling amount of money.
Now I don't have a degree in Accounting (yet), but I can do the math. That's almost $30 million a year that was being spent on the Neverland Ranch alone. This is not including all the plastic surgery, pain pills, underage birthday parties, and court cost to fight "molestation" charges. And people are actually wondering why MJ was almost broke? Do the math people. When your bills are more then your gross income, you go into debt. Now I'm no Suze Orman but i think I'm on the right track.
Good luck in Heaven Michael Jackson, do us a favor and stay away from the "Underage Angels. - 23812
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