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Michael Jackson's Estate Almost Clears His Debts

14 July 2012

Michael Jackson's estate has made a fortune since the singer's death, almost paying off the $500 million debt the King of Pop left behind.

Executors for the estate filed legal documents which show the property has generated gross earnings exceeding $475 million as of the end of May.

TMZ obtained the docs, telling the world that according to the paperwork, all of MJ's debts have been paid, with the exception of a rather large debt involving Michael's publishing catalogue.

The estate's executors are said to expect that all debts will be fully paid off by the end of the year.

This is great news for the small army of lawyers who have been handling all of MJ's legal and business affairs. Their fees from May, 2010 through to November, 2011 exceeded $13.6 million!

And it's even better news for Jacko's family. His daughter Paris has been tweeting heart-rending messages about her parents recently, posting pictures of 'mommy and daddy' and saying:

"I'm such a daddy's girl hahah ‪#andproud"

We hope this will help MJ's family finally gain some closure.

Michael Jackson through the years... we still can't believe he's gone!

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