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.
Aside from losing tens of millions of dollars during his child molestation trial, Jackson didn't put out any significant new material since 1997. But more detrimental to his finances was his notorious big-spending. Last week we revealed his automobile fixation (he had 75 cars registered under his name) and according to financial statements at the time of his divorce to Debbie Rowe in 1999, his cost of living at the time averaged a whooping $2,339,300 per month.
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.
Overall, it would cost $2,339,300 to live the life of Michael Jackson for just one month. And that would likely put anyone in debt."
Do I have an Accounting Degree? Not officially, I'm working on it. But any high school graduate can add and subtract. Breaking this all down to an annual amount, it appears that MJ was spending almost $30 million a year to keep the "creepy" Neverland Ranch up and running. Now if you were to add in his other "dirty habits" such as multiple plastic surgeries, prescription pain pills, multiple underage sleepovers and slumber parties, and the lawyer fees for fighting off allegations of child molestation, then it would go beyond the estimated 30 million. Either way you look at it, the fact is, when you start spending more then you make, you end up going broke. If you don't believe me then ask Suze Orman.
So, R.I.P. MJ, and stay away from the "Little Angels. - 18762
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.
Aside from losing tens of millions of dollars during his child molestation trial, Jackson didn't put out any significant new material since 1997. But more detrimental to his finances was his notorious big-spending. Last week we revealed his automobile fixation (he had 75 cars registered under his name) and according to financial statements at the time of his divorce to Debbie Rowe in 1999, his cost of living at the time averaged a whooping $2,339,300 per month.
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.
Overall, it would cost $2,339,300 to live the life of Michael Jackson for just one month. And that would likely put anyone in debt."
Do I have an Accounting Degree? Not officially, I'm working on it. But any high school graduate can add and subtract. Breaking this all down to an annual amount, it appears that MJ was spending almost $30 million a year to keep the "creepy" Neverland Ranch up and running. Now if you were to add in his other "dirty habits" such as multiple plastic surgeries, prescription pain pills, multiple underage sleepovers and slumber parties, and the lawyer fees for fighting off allegations of child molestation, then it would go beyond the estimated 30 million. Either way you look at it, the fact is, when you start spending more then you make, you end up going broke. If you don't believe me then ask Suze Orman.
So, R.I.P. MJ, and stay away from the "Little Angels. - 18762
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