It’s been 15 years since Michael Jackson’s passing, marking a significant milestone in the complex legacy of the once-revered King of Pop. Jackson’s rise to fame was meteoric, solidifying his place among the best-selling musical artists of all time. However, the latter years of his life were marred by controversy and legal battles that cast a shadow over his career.
Beginning in the mid-1990s, Jackson faced multiple allegations of child sexual abuse, which led to several high-profile court cases. Despite being acquitted on all charges, the allegations took a heavy toll on his reputation and career trajectory.
Was Michael Jackson really $500 million in debt when he died?
The timing of his death in 2009, just before a planned comeback tour, left his estate reeling financially. At the time of his passing, Jackson was reportedly over $500 million in debt, largely due to extravagant spending habits and substantial loans.
His estate faced significant challenges in the aftermath of his death, including numerous lawsuits that needed resolution. Over the past 15 years, however, Jackson’s estate has managed to turn things around. Through careful management and strategic decisions, his estate is now valued at over $2 billion, a remarkable recovery considering the dire financial situation left in the wake of his passing.
Despite the controversies that defined his later years, Michael Jackson’s impact on music and pop culture remains indelible. His music continues to inspire and entertain, ensuring that his legacy endures beyond the financial challenges that marked the final years of his life.
