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Michael Jackson's Financial Woes
One of the most successful recording artists in history, the late megastar earned hundreds of millions of dollars for his successes. But, as Ben Tracy reports, the Jackson also had massive debts.
Tags: Financial, Michael Jackson, MoneyWatch, Financial Accounting, Finance, Debt, Financial Problems, Neverland, Beatles Catalog, Dead, Money
Videos 2009-06-26

Additional Resources

Jackson invites fans to Neverland
SANTA MARIA, United States AFP ? Pop superstar Michael Jackson invited hundreds of his fans to go back to his Neverland ranch after his court appearance on child molestation charges. Members of the Jackson entourage gave out the invitations while Jackson was in court, where he pleaded not guilty...
Tags: Agence France-Presse
Research articles 2004-01-16
Police launch fresh search of Michael Jackson's Neverland Ranch
LOS ANGELES AFP — Police and investigators probing child molestation charges against superstar Michael Jackson, launched a fresh search on his famed Neverland Ranch, detectives said. The reason for the latest raid, which took place just over a year after an initial swoop on the sprawling estate in California,...
Tags: Agence France-Presse, estate, sheriff
Research articles 2004-12-03
Neverland employees feared for safety over child sex claims: witness
SANTA MARIA, United States AFP — A policeman told Michael Jackson's child sex trial that two former Neverland Ranch employees failed to report claims the star was seen performing oral sex on a young boy because they feared for their safety. Detective Russell Birchim told jurors he was contacted...
Tags: Agence France-Presse, aide, juror, Litigation
Research articles 2005-05-16
Jackson accuser ran amok with porn at Neverland : witness
LOS ANGELES AFP — Michael Jackson's teenage sex accuser watched pornographic movies at the star's Neverland Ranch when Jackson was not around, the singer's cousin testified. The testimony from Jackson's 12-year-old cousin Rijo Valdez Jackson came as the embattled superstar's lawyers moved to show that his alleged victim ran...
Tags: Agence France-Presse, alcohol, cousin, juror, superstar, TVs
Research articles 2005-05-18
Jackson has left Neverland for pal's yacht: family source
LOS ANGELES AFP — Frail pop icon Michael Jackson has left his Neverland Ranch, where he holed up following his acquittal last week, and is aboard a friend's yacht moored in California, a family friend said. The source close to the famous clan also said that Jackson was planning...
Tags: Agence France-Presse, CAREER, NETWORKING, passport, prosecutor, WANs
Research articles 2005-06-23
Michael Jackson risks losing Neverland ranch
LOS ANGELES AFP — One-time "King of Pop" Michael Jackson is at risk of losing his Neverland ranch in California due to delinquent loan payments, according to documents posted online. As of October 12 Jackson owed 23.2 million dollars on a 23 million dollar loan he took out in...
Tags: Agence France-Presse, California, FINANCE, Insurance
Research articles 2007-11-07
Hundreds gather for party at Neverland before Jackson flies
LOS ANGELES AFP ? Hundreds of celebrities, family members and fans of beleaguered pop icon Michael Jackson attended a support party at his Neverland Ranch, hours ahead of his departure to Britain. Jackson spokesman Stuart Backerman stressed that the star-studded party, held just two days after the "King of...
Tags: Agence France-Presse, Britain, TVs
Research articles 2003-12-20
Investigators provide secret peek into Michael Jackson's Neverland world
SANTA MARIA, United States AFP ? Investigators drew back the veil on the frenetic opulence of Michael Jackson's Neverland Ranch, revealing a mansion filled with a breathtaking mix of classic taste and theme-park folly. The secret glimpse behind the gates of the 1,260 square-meter (14,000-foot) Tudor mansion came in...
Tags: Agence France-Presse, MARKETING, movie, video
Research articles 2004-08-20
Police launch new search of Michael Jackson's Neverland Ranch
LOS ANGELES AFP — Police and investigators probing child molestation charges against superstar Michael Jackson launched a fresh search on his famed Neverland Ranch, detectives said. The reason for the latest search warrant was not immediately clear. An initial swoop on the sprawling estate in California took place just...
Tags: Agence France-Presse, sheriff
Research articles 2004-12-03
'The Aviator,' 'Ray,' "Neverland" lead biopic assault on the Oscars
HOLLYWOOD AFP — "The Aviator, "Ray" and "Finding Neverland" lead an unprecedented charge of biographical films into this week's Oscars, as an eclectic cast of real-life characters replaces the hobbits and trolls of 2004. The films form part of a welter of biopics that hit the world's screens in...
Tags: Agence France-Presse, Hollywood, nomination
Research articles 2005-02-23
Former Neverland chef plugs book after testifying against Jackson
SANTA MARIA, United States AFP — A French chef took the opportunity after testifying at Michael Jackson's child sex trial to plug his upcoming book about feeding the rich and famous. "They have the draft of a book, not an expose or a kiss and tell, but a history...
Tags: Agence France-Presse, attorney, Games, MARKETING
Research articles 2005-04-08
Jackson's accuser barred from leaving Neverland: former guard
SANTA MARIA, United States AFP — A former Neverland Ranch security guard told Michael Jackson's child sex trial he was instructed not to let the pop icon's future accuser leave the estate. The testimony by former policeman and Jackson employee Brian Barron appeared to corroborate claims by the teenage...
Tags: Agence France-Presse, Barron, guard, Harassment, SECURITY
Research articles 2005-04-20
Jackson jury shown books of nude boys seized from Neverland
SANTA MARIA, United States AFP — Jurors in Michael Jackson's child sex trial were shown two books seized from the star's home more than 10 years ago and featuring pictures of nude adolescent boys. Prosecutors, still reeling from a disastrous day of testimony by Jackson's ex-wife, entered the books...
Tags: Agence France-Presse, juror, MARKETING, prosecutor, Strategy
Research articles 2005-04-29
Jackson selected "special friends" at Neverland: witness
SANTA MARIA, United States AFP — A woman whose young son repeatedly shared Michael Jackson's bed, admitted the pop icon would pick "special friends" among the boys who regularly visited his Neverland home. Under aggressive prosecution questioning at Jackson's child sex trial, Joy Robson acknowledged previous depositions in which...
Tags: Agence France-Presse, FINANCE, Investment
Research articles 2005-05-06
Jackson remains secluded at Neverland Ranch
LOS OLIVOS, United States AFP — Michael Jackson remained secluded at his Neverland Ranch as the story of his child sex abuse trial rapidly faded from the headlines. Just two days after the pop icon was acquitted, the throngs of journalists and fans who had crowded the rolling country...
Tags: Agence France-Presse, NBC Universal Inc., TVs
Research articles 2005-06-15
Michael Jackson asks for return of 600 items seized in Neverland search
SANTA MARIA, United States AFP — Michael Jackson's lawyers returned to court, three days after the star's acquittal on child sex charges, to demand the return of more than 600 items seized from his Neverland Ranch. At the hearing, Judge Rodney Melville ordered that Jackson's passport, which he was...
Tags: Agence France-Presse, lawyer, prosecutor
Research articles 2005-06-16
Michael Jackson cleared of mistreating Neverland exotic animals
LOS ANGELES AFP — Pop icon Michael Jackson, who last year beat child sex charges, has been cleared of mistreating the menagerie of wild animals at his fantasy-theme Neverland Ranch, US officials said. US Department of Agriculture officials inspected the "King of Pop's" California domain last month following a...
Tags: Agence France-Presse, PETA, U.S. Department of Agriculture
Research articles 2006-01-18
US officials give Jackson extra day to pay Neverland wages
LOS ANGELES AFP — California authorities gave pop star Michael Jackson an additional 24 hours to pay unpaid wages to 69 workers at his Neverland ranch and a fine, or face a civil lawsuit. The Gloved One, who is living abroad, was ordered a week ago to pay more...
Tags: Agence France-Presse, Benefits, London, salary, worker
Research articles 2006-03-14
Michael Jackson has not abandoned Neverland
LOS ANGELES AFP — Michael Jackson has not left his Neverland Ranch for good, his spokesman said after authorities last week raided the ranch and forced the superstar to pay his employees months of back wages. "It is public knowledge that Mr Jackson currently resides in the Middle Eastern...
Tags: Agence France-Presse, Bahrain, Benefits, salary, worker
Research articles 2006-03-17
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