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Jackson's Mom Gets $86K a Month

Estate awards allowance while singer's affairs are settled

By Nick McMaster,  Newser Staff

Posted Sep 17, 2009 4:30 PM CDT

(Newser) – Michael Jackson’s estate pays his mother $86,804 every month, the LA Times reports. Estate administrators set up the allowance because the pop singer’s estate—worth an estimated $500 million—is so vast that settling it in court could take years. The allowance pays Katherine Jackson $26,804 every month for her own expenses and $60,000 to be spent on Michael’s three children. None of the money has to go to housing expenses, because Jackson’s estate is paying the mortgage on the Encino ranch separately.

In this June 13, 2005, file photo, Michael Jackson and his mother, Katherine, leave Santa Barbara County Superior Court in Santa Maria, Calif.
In this June 13, 2005, file photo, Michael Jackson and his mother, Katherine, leave Santa Barbara County Superior Court in Santa Maria, Calif.   (AP Photo/John G. Mabanglo, Pool)
Katherine Jackson and Joe Jackson attend Michael's funeral service.
Katherine Jackson and Joe Jackson attend Michael's funeral service.   (AP Photo/The Jackson Family/Harrison Funk)
In this May 20, 2005 file photo, Michael Jackson, background, and his mother Katherine Jackson pass through a security check point on the way to his child molestation trial in Santa Maria, Calif.
In this May 20, 2005 file photo, Michael Jackson, background, and his mother Katherine Jackson pass through a security check point on the way to his child molestation trial in Santa Maria, Calif.   (AP Photo/Robyn Beck, file)
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COMMENTS
Showing 3 of 10 comments
youngblood
Sep 18, 2009 7:17 AM CDT
That she gets almost $90,000 a Month and we don't!
Kookey90
Sep 18, 2009 7:08 AM CDT
Best I can figure, it's to keep the Jackson family name in the news.
Kookey90
Sep 18, 2009 1:33 AM CDT
Do I hear an Amen for Joe?

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