Jacko Leaves Kids $33M Each

Family shocked at who is left out of will
By Evann Gastaldo,  Newser Staff
Posted May 31, 2010 12:06 PM CDT
In this July 7, 2009 photo, Paris Jackson, left, Prince Michael Jackson I and Prince Michael Jackson II on stage during the memorial service for Michael Jackson at the Staples Center in Los Angeles.   (AP Photo/Mark J. Terrill, Pool, File)
camera-icon View 1 more image

(Newser) – Michael Jackson left his brothers, sisters, and father zip in his will…but gave his three children $33 million each. Prince, Paris, and Blanket (ages 13, 12, and 8) will have some access to the trust fund money starting at 21. By the time they can freely access a third of their share, at 30, they could each be worth as much as $300 million—and half a billion by age 40, when they get full access, News of the World reports.

Jackson left 40% of his $300 million estate to his children, 40% to his mother, and 20% to charity. Family insiders find it “strange” that even sisters Michael was close to were left out—and that mother Katherine has not yet received her $99 million. A source says there are “many mistakes,” like spelling errors, and “the family are staggered that Michael signed—or even agreed to” the will.

My Take on This Story
Show results without voting  |