Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

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

(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.

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.
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)
In this March 5, 2009 file photo, US singer Michael Jackson is shown at a press conference in London.
In this March 5, 2009 file photo, US singer Michael Jackson is shown at a press conference in London.   (AP Photo/Joel Ryan, file)
« Prev« Prev | Next »Next » Slideshow

Michael's mother and his children were the dearest thing to him in his life, so he made sure that they would benefit when he died. In truth those children will never have to want for anything.
- A family insider

« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
16%
47%
6%
10%
2%
19%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 18 comments
JimW
Jun 1, 2010 5:00 PM CDT
The will was a Thriller
Kookey90
Jun 1, 2010 8:39 AM CDT
Looks like Michael Jackson did this one right. Unfortunately, like most other folks I thought he was broke. Worse case, even if his children got $1million a piece, that should be enough to get them on their way. That's more than I ever had and I've done OK. As a side issue, can you see Joe (The Pimp) Jackson and the rest of the Jackson clan starting to manuever to try to cash in on some of that money?
HANKHILL
Jun 1, 2010 5:37 AM CDT
HAY JACKSON FAM U FORGOT ABOUT ME YOUR LONG LOST MONEYGRABBER HANKHILLJACKSON
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne