Michael Jackson Net Worth: King of Pop Secures $60 Million 10 Years After Death
The King of Pop Michael Jackson still remained a king for making it to Forbes' Highest Earning Dead Celebrities of 2019.
Ten years after his death due to homicide on June 25, 2009, MJ managed to secure the top spot of the financial magazine's list for eight consecutive years now. For the period between October 2018 to October 2019, he incredibly accumulated an amount of $60 million through his Mijac Music catalog, Las Vegas show, and Sony deal.
MJ made bank after he got the year's top spot, $21 million ahead of the King of Rock and Roll Elvis Presley who earned $39 million. Charles Schulz ($38 million), Golf legend Arnold Palmer ($30 million), and Bob Marley ($20 million) round up the top 5.
Aside from adding another year to his rank, MJ's music streams in the U.S. also boomed from 1.8 billion to 2.1 billion despite the controversy that bordered his legacy as the King of Pop.
Despite the surge in sales and streams, Michael Jackson's worth fluctuated in reality compared to the past years. There are speculations that the child abuse allegations against him -- which was highlighted the HBO documentary "Leaving Neverland" -- led to the drop.
In 2018, MJ earned a pretax of $400 million that brought his postmortem to an overall $2.4 billion worth. Almost $300 million of the total earnings came from his estate's stake in EMI Music Publishing, CBS Halloween Special, and a new record deal with Sony on that year.
"Michael Jackson ... maybe had a little bit of a downside from the detractors, probably an equal amount of upside from the supporters," David Bakula, Nielsen's senior VP of Insight and Analytics, detailed.
Bakula added that despite the regression, they expected his earnings to continue to grow in the next few years. He noted that Jackson made a lot of songs when he was still alive that the streaming all over the world will continue to upsurge, as well.
His tribute show, MJ The Musical, will be set on Broadway next summer on July 6, 2020 at Broadway's Neil Simon Theatre. The sales that will be coming from the show are also projected to contribute a lot to the "Thriller" hitmaker's worth for next year's Forbes list.
Not to mention that the new show is also expected to bring him new fans, which in turn will increase the streaming of his music all over the world.
It may have been a decade since Michael Jackson die, but his influence can still be felt.
