@MichaelJackson Is Almost Debt Free – Thanks To The Estate

How about this for “positive” news – coming from all places TMZ:

Michael Jackson’s estate has made a fortune since the singer’s death — so much in fact … it’s nearly paid off $500 million in debt the King of Pop left behind when he died.

Executors for the Estate filed legal docs — obtained by TMZ — which show the Estate has generated gross earnings exceeding $475 million as of the end of May.

According to the docs, all of MJ’s debts have been paid, with the exception of a BIG debt involving Michael’s publishing catalog … and executors expect that will be fully paid off by the end of the year.


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