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!!!!!
Michael Jackson was deeply in debt. According to the excerpt from FoxNews.com...."Michael Jackson left behind $400 million worth of debt". Michael Jackson had produced "Thriller", the best-selling album of all time. He had multiple number 1 singles. How on earth did Michael Jackson manage to rack up so many unpaid bills.
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'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.
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."
Do I have an Accounting Degree? Not officially, I'm working on it. But any high school graduate can add and subtract. Breaking this all down to an annual amount, it appears that MJ was spending almost $30 million a year to keep the "creepy" Neverland Ranch up and running. Now if you were to add in his other "dirty habits" such as multiple plastic surgeries, prescription pain pills, multiple underage sleepovers and slumber parties, and the lawyer fees for fighting off allegations of child molestation, then it would go beyond the estimated 30 million. Either way you look at it, the fact is, when you start spending more then you make, you end up going broke. If you don't believe me then ask Suze Orman.
So, R.I.P. MJ, and stay away from the "Little Angels. - 23815
Michael Jackson was deeply in debt. According to the excerpt from FoxNews.com...."Michael Jackson left behind $400 million worth of debt". Michael Jackson had produced "Thriller", the best-selling album of all time. He had multiple number 1 singles. How on earth did Michael Jackson manage to rack up so many unpaid bills.
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'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.
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."
Do I have an Accounting Degree? Not officially, I'm working on it. But any high school graduate can add and subtract. Breaking this all down to an annual amount, it appears that MJ was spending almost $30 million a year to keep the "creepy" Neverland Ranch up and running. Now if you were to add in his other "dirty habits" such as multiple plastic surgeries, prescription pain pills, multiple underage sleepovers and slumber parties, and the lawyer fees for fighting off allegations of child molestation, then it would go beyond the estimated 30 million. Either way you look at it, the fact is, when you start spending more then you make, you end up going broke. If you don't believe me then ask Suze Orman.
So, R.I.P. MJ, and stay away from the "Little Angels. - 23815
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