Paris Jackson Receives $65 Million From Michael Jackson’s Estate

Paris Jackson Receives $65 Million Inheritance From Michael Jackson’s Estate.Paris Jackson has received a massive inheritance from her late father’s estate. Court documents reveal the 27-year-old has been paid approximately $65 million. The filing was made in early October in a California court.This information came to light from attorneys representing Michael Jackson’s estate. They disclosed the figure while responding to a petition Paris filed earlier this year.

Legal Dispute Reveals Stunning Financial Turnaround

The legal filing states Paris would not have received this money under normal circumstances. According to Reuters, Michael Jackson was over $500 million in debt when he died in 2009. The estate’s lawyers argue the massive payout was only possible due to their successful financial restructuring.They turned the estate from deep debt into a profitable entity. This allowed the beneficiaries, including Paris and her brothers, to receive significant funds. The lawyers claim their premium payouts were justified by this extraordinary result.

Jackson Children Challenge Estate Management

Paris, Prince, and Bigi Jackson are all beneficiaries of their father’s estate. Paris initiated legal action in June against the estate’s law firms. Her petition questioned $625,000 in “premium payouts” made to three firms in 2018.She argued these payments appeared to be lavish gratuities for already well-paid attorneys. The filing also noted some firms received full payment before getting proper court approval. This legal challenge prompted the estate’s lawyers to reveal the full $65 million figure.

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The $65 million inheritance for Paris Jackson highlights the complex and lucrative nature of the Michael Jackson estate. This legal proceeding continues to unfold, revealing new financial details about one of music’s most famous legacies.

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How much did Paris Jackson receive from the estate?

Court documents state Paris Jackson has received approximately $65 million. This money came from her father Michael Jackson’s estate over time.

Why was Michael Jackson’s estate in debt?

When Michael Jackson died in 2009, he owed more than $500 million. The estate’s attorneys worked to restructure and eliminate this massive debt.

Who are the other beneficiaries of the estate?

Paris’s two brothers are also beneficiaries. Prince Jackson, 28, and Bigi “Blanket” Jackson, 23, share in the estate alongside their sister.

What was Paris Jackson’s legal petition about?

She challenged $625,000 in “premium payouts” to law firms. Her filing questioned why these extra payments were made beyond normal legal fees.

How did the estate lawyers justify their payouts?

They argued their work transformed the estate from deep debt to profitability. This successful turnaround generated the millions paid to Jackson’s children.