www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> Death
Jackson lived like king but in millions of debt
(Xinhua)
Updated: 2009-07-01 13:39

Jackson lived like king but in millions of debt
A man stands in front of a marquee displaying a memorial message during the Michael Jackson public memorial at the Apollo Theater in New York July 1, 2009. [Agencies]

In 1993, he was accused of molesting a 13-year-old boy. But that was just the beginning of a series of lawsuits he would have to fight for.

According to his publicist at that time, Michael Levine, this represented the beginning of the walk-down of Jackson on a tragic path, financially, emotionally, spiritually, psychologically, and legally.

Full coverage:
Jackson lived like king but in millions of debt Michale Jackson: King of Pop

Related readings:
 Report: Jackson's will puts assets in trust
 For now, mom gets custody over Jackson's kids
 Thread of pain ran through Jackson career
 Jackson lived like king but died awash in debt

 Mystery surrounds Michael Jackson's sudden death

He settled with the boy's family. The amount of the settlement was not disclosed. But that encouraged more lawsuits against him.

Al Khalifa, 33, claimed he gave Jackson millions of dollars to help shore up his finances, cut an album, write an autobiography and subsidize his lifestyle, including more than 300,000 dollars for a "motivational guru." The lawsuit was settled last year for an undisclosed amount.

Jackson's nightmare came in 2003, when he was arrested on charges that he molested another 13-year-old boy. He was forced to leave his Neverland ranch and moved to a mansion rented from Ding in Beverly Hills.

It was estimated that Jackson spent millions of dollars to defend for himself. Although the case finally ended with an acquittal, he was driven to the bottom of financial crisis.

Even before his 2003 lawsuit, Jackson began to borrow large sums of money. A lawsuit filed by Union Finance & Investment Corp. sought 12 million dollars in unpaid fees and expenses.

A forensic accountant once testified in court that Jackson was spending 20 million to 30 million dollars more than he earned  per year. He had a cash crisis for a long time.

Last year, Jackson faced foreclosure on his Neverland ranch. Billionaire Thomas Barrack, chairman and CEO of Los Angeles-based real estate investment firm Colony Capital LLC, agreed to bail out the singer. He purchased Jackson's Neverland ranch for US$22 million just before the fairyland destination would have been sold at an auction to cover Jackson's debt.

The King of Pop was actually a poor man with the estimated debt at the time of his death at US$400 million.

But Jackson's children would benefit from his songs after his death. As the world mourns this pop king, his songs were sold very well throughout the world. His children would have no worry about the 400 million-dollar debt. They would be rich with Jackson's songs which would be popular for many years to come.

Then, another round of fight for the wealth would begin. This time the children's grandmother, two of the three children's mother and the children's babysitter are expected to fight for the right of custody of Jackson's three children.

   Previous page 1 2 Next Page  

主站蜘蛛池模板: 202z欧美成人 | 久久精品久久精品久久精品 | 免费观看毛片视频 | 偷自拍第一页 | 成人网视频免费播放 | 亚洲精品国产第一区二区三区 | 99久久国产综合精品网成人影院 | 免费高清欧美一区二区视频 | 六月丁香久久丫 | 97影院理论在线观看 | 99热.com| 免费观看欧美一级毛片 | 日本免费高清视频二区 | 欧美成人性动漫在线观看 | 亚洲精品久久9热 | 久草视频资源站 | 欧美精品色精品一区二区三区 | 国产精品密蕾丝视频 | 国内xxxx乱子另类 | 久青草免费在线视频 | 亚洲精品久久久久午夜三 | 国产三级做爰在线观看∵ | 日韩中文字幕网站 | 成人毛片全部免费观看 | 久久久午夜精品理论片 | 国产精品久久久久久久y | 1024国产欧美日韩精品 | 国产美女又黄又爽又色视频免费 | 国产a国产片国产 | 国产67194| 婷婷三级 | 亚洲久久在线观看 | 97久久国语露脸精品对白 | 日本毛片在线观看 | 国产特黄特色的大片观看免费视频 | www.亚洲在线 | 午夜国产精品不卡在线观看 | 清纯唯美综合网 | 亚洲 欧美 中文字幕 | 国产性夜夜春夜夜爽30 | 麻豆19禁国产青草精品 |