Outrageous Spending Habits Of Michael Jackson
According to Fox News.com the late Mr.Michael Jackson's monthly expenses, while residing at the famous Neverland Ranch, cost almost $2.5 million a month. Who would have thought that an Amusement Park and a kiddy Zoo would be so "cost effective."
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 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.
"Documents filed in the Los Angeles Superior Court in September of 1999 show that Jackson spent $95, 700 on the gardening alone to maintain the sprawling Neverland Ranch. Security costs totaled another $51,900. Upkeep on his famous zoo/amusement park was another $66,200 and housekeeping/PR expenses stood at around $60,200 bringing the grand total monthly household expense to an astonishing $358,600" FoxNews.com.
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.
Overall, it would cost $2,339,300 to live the life of Michael Jackson for just one month. And that would likely put anyone in debt."
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.
Goodbye to not only a musical icon but also the King of Pop. R.I.P. MJ. Make sure you don' catch any new criminal charges up there. We know you love them "Barely Legal" Angels. - 18758
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 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.
"Documents filed in the Los Angeles Superior Court in September of 1999 show that Jackson spent $95, 700 on the gardening alone to maintain the sprawling Neverland Ranch. Security costs totaled another $51,900. Upkeep on his famous zoo/amusement park was another $66,200 and housekeeping/PR expenses stood at around $60,200 bringing the grand total monthly household expense to an astonishing $358,600" FoxNews.com.
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.
Overall, it would cost $2,339,300 to live the life of Michael Jackson for just one month. And that would likely put anyone in debt."
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.
Goodbye to not only a musical icon but also the King of Pop. R.I.P. MJ. Make sure you don' catch any new criminal charges up there. We know you love them "Barely Legal" Angels. - 18758
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