Michael [ WACKO] Jackson's Monthly Expenses.......
According to Fox News.com the late Mr.Michael Jackson's monthly expenses, while residing at the famous Neverland Ranch, cost almost $2.5 million a month. Who would have thought that an Amusement Park and a kiddy Zoo would be so "cost effective."
Michael Jackson was deeply in debt. According to the excerpt from FoxNews.com...."Michael Jackson left behind $400 million worth of debt". Michael Jackson had produced "Thriller", the best-selling album of all time. He had multiple number 1 singles. How on earth did Michael Jackson manage to rack up so many unpaid bills.
Michael Jackson had not put out any significant new material since 1997. He had racked up tens of millions of dollars in legal fees. These fees came from his child molestation trial. Michael Jackson was also notorious for his spending. FoxNews.com reported he had 75 card registered under his name.
Documents filed in Los Angeles Superior Court provide a glimpse into Michael Jackson's lifestyle. Jackson spent $95,700 on gardening for Neverland Ranch. $51,900 for security costs. It cost $66,200 to upkeep Michael Jackson's famous zoo/amusement park. His housekeeping and PR expenses stood at around $60,200. Total monthly household expenses equaled $358,600.
Michael's personal expenses were just as astonishing. Property/personal insurance cost him $120,000. Gifts alone cost him $42,600. Medical needs also took a large chunk of money ($25,600). He did skimp when it came to entertainment, spending only $100 a month. Michael Jackson reportedly spent $475,200 on MJJ Productions and Optimum Productions. Curious, since he had not released a major piece of work since 1997. Monetary figures were used from FoxNews.com.
Michael Jackson's monthly expenses were staggering. It cost $2,339,300 to live the life he had built. Even for a Double Diamond superstar, that is a crippling amount of money.
Now I don't have a degree in Accounting (yet), but I can do the math. That's almost $30 million a year that was being spent on the Neverland Ranch alone. This is not including all the plastic surgery, pain pills, underage birthday parties, and court cost to fight "molestation" charges. And people are actually wondering why MJ was almost broke? Do the math people. When your bills are more then your gross income, you go into debt. Now I'm no Suze Orman but i think I'm on the right track.
So, R.I.P. MJ, and stay away from the "Little Angels.
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