In '07, Jackson Worth $237M, But Cash-Poor, in Debt

By Harry Kimball,  Newser Staff
Posted Jun 30, 2009 3:01 PM CDT
An aerial view of Michael Jackson's Neverland ranch.   (AP Photo)
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(Newser) – As recently as 2007, Michael Jackson had a net worth of $236.6 million, the AP reports. But his finances weren’t that simple. Most of his $567.6 million in assets were tied up in property and rights—he had just $668,215 in cash—and his debt totaled $331 million. His largest asset by far was his 50% stake in the Sony/ATV publishing catalog, which includes many Beatles songs and was valued at $390.6 million.

A Washington accounting firm’s analysis reveals other details: Jackson’s Neverland Ranch was valued at $33 million, and Jackson took out a $23 million loan against the California property. Various cars, antiques, and other property were worth $20 million. The accountants said the report was “based on information produced by his advisers.” (Read more Michael Jackson stories.)