The Financial Rise, Fall & Rise Again Of Michael Jackson | Full Documentary (4K 2160p) | the detail.
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- čas přidán 25. 10. 2023
- Michael Jackson became famous as one of the world's most successful, highest selling and richest entertainers in the World. The incredible wealth his amassed over the years attracted many headlines, as well as his colossal financial downfall.
In this documentary we investigate the ins and outs of the King of Pop's bank account, as well his estate's financial redemption since the pop icons untimely passing. Making Michael Jackson the world's most profitable dead celebrity ever!
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Financial Analyst here…Mr. Jackson was not broke, ever. He had over a BILLION dollars in assets and the cash flow he had was mismanaged by others. Mr. Jackson refused to sell any of his assets to get cash. He had other assets outside of music. His overall financial portfolio was VERY well diversified including fine art, stocks, automobiles, etc. All that “stuff” he had in Neverland was purely financial, those were one of the one of a kind collectible items, many of which were worth thousands of dollars. He played dumb but almost everything he bought he knew would appreciate in value. The THIS IS IT tour would have eliminated his debt in just one show and he knew this. For a multibillionaire, $400M is nothing. That’s like a person who makes $100K being $4K in debt. Michael was NEVER broke, his issue was the mismanagement of his cash flow and honestly he should have taken full control and not trusted others. But his estate is fine today and that’s all that matters.
According to Emmilane White who worked at Epic in the 70s-80s, the estate earns about $79 million dollars a year. So I'd agree with you the estate is just fine and I'm happy about that, that his children don't have to worry about being taken care of financially. Of course they're all thriving on their own as well and I like Paris' music, so his kids are doing great and I know he'd be very proud of them.
I love how you broke this down
He also owned a McDonald’s too!!
They claim is broke but the man still ranking in millions every year without shows even after his death. I hope his children purchase the neverland ranch to commemorate his legacy which I know that it will definitely generates millions yearly in revenue.
@tayobibi I read some real estate mogul bought the ranch for $20 million. So I guess the kids were not interested in keeping the ranch and restoring it to it's former glory.
I don't know any other celebrity who has made so many foundations and charities as much as Michael Jackson. He's been generous pretty much his entire life.
Do you know any other celebrity who sleeps in the beds with kids now?
@@harryhasbeard8666 He said he shared his bed, meaning he let them have his bed while he slept somewhere else. And no. Celebrities are selfish today.
@@harryhasbeard8666Informati e documentati prima di dire enormi cretinate degne di una denuncia per diffamazione.
Michael ha diviso la sua stanza da letto (2 piani) fatto party e sempre in presenza dei genitori dei bambini. Si cedeva il suo letto, ma lui dormiva per terra.
Prima di aprire la bocca leggiti i file dell'FBI con 13 anni di indagini e resi pubblici da diversi anni
jimmy saville? he set up some good kiddy hospital charities
@@hailamark2402 he deffo gave from something
People tend to understimate what Michael did during his music carreer. It was simply unprecedented. There is a lot of talk about the Beatles numbers, but Michael is a monster when It comes to success. Everything he did was record breaking. No one has matched his numbers and probably no one ever will.
Fax 💯
He also sold record breaking amounts of McDoubles and Fries at his McDonald’s on the 99 towards LA!
Michael was a monster when it came to child sex.
@@ThemMightyPiesYou're referring to the lawsuits? I wonder what happened to those.
There will never be another Michael Jackson in a 💯 years from now 👍.
In 2010, Michael Jackson topped Forbes' list of celebrities with the highest posthumous earnings. Revenue from sales of his music and merchandise with his brand amounted to $275 million and exceeded the combined income of all other Top 10 participants
Because Sony bought his unreleased material for 250m
He also bought in to the McDonald’s franchise!! Had a Mickey D’s on the 99 too
@@captain_ingloriousWe get it. Stuck on McDonald's huh? Well I can assume diabetes is in your future.
850m$ in 2016
The Michael donated a lot of his time and money helping the people. He will never be forgotten.
The Michael
Dude not just that but he also owned a Cracker Barrel that was successful!
❤exactly
Corinthians reference✨
You're so right much misinformation was disseminated over the years to destroy his legacy. In 2009 we lost the most gifted and amazing entertainers who ever walked on this planet. RIP legend ❤
❤exactly
He made a lot of money but still had integrity as a mogul, something that’s been missing in the music business. Michael is someone to study .
I agree.
To put it into perspective, he made all this money before the era of social media. The man died right before smartphones became a worldwide standard.
That is a plus and minus when it comes to money. It is very hard for artists to make money off of music alone due to the popularity of streaming. Albums could sell for 15$, and hundreds of thousands could sell in the first week. Thousands of streams are needed to make a single dollar, and most people will listen to music once or twice, fans will listen more then that.
I saw MJ live 2x during the Moonwalker Tour and I will never forget what the experience was like. Micheal was also the most generous of Pop Stars which many of his friend warned people would take advantage of him and cause him pain. We all know the pain which he went through during his Presley wife days. I have a family member who is like MJ, very gentle, soft spoken, loves to laugh but will make other people feel weird because he is so calm.. for me, I love his demeaner while the media made him to look like a weirdo. I am so glad I never assigned myself to fake news and hype because MJ changed the world and wanted to change the world.. you can hear it all in his sounds - sung from his heart. In the world of Logic and Reality... he was a good man that did good things and only wanted to do so.. he was also a Godly man that loved the Lord and spoke often on this...He is gone to soon.
You have to realize we are living in a demonic world of Satan. There is a price you have to exchange for your soul if you are trapped in it. I am sure if MJ had left before it was too late he may have lived today. For what profit does I man gain the whole world but lose his own soul.
Yes, despite Michael's kind-hearted nature, I had a feeling folks in his entourage would take advantage of him. Poor Michael, for someone with THAT much power and wealth everyone wants to be your friend. He was just too naive to see the bad intentions in some folks. He only focused on the good aspects. People in Michael's inner circle only saw one thing...💰
I agree with you, thanks for writing this comment!
RIP michael we still love you
Always
🫶🙏🏼
Yes indeed
Michael and his brothers but mostly Michael alone are the biggest dinasty in music, entertainment, show business ever. What Michael created is a legacy of record breaking hits. He could be making hits today...It breaks my heart what has happened with his figure and image. Regardless of all his charitative donations there was always someone trying to bring him down. Time will put him in the place he deserves. The most important modern musician ever. Mozart, Beethoven, Michael Jackson. Music visionaries and revolutionaries.
I believe that when Michael purchased the Beatles catalog and Sony that is when the elites wanted to annihilate him once and for all. As a successful black man, Michael was becoming too powerful in the industry; the white folks couldn't handle that shit.
Всё считают его деньги, а он работал , как проклятый, не щадя себя, отдавал миллионы долларов на благотворительность. Он их заработал , и никто наверняка не пожалел, что был на его концертах, или приобретал его диски. Майкл король поп музыки, он заслужил уважение и любовь его поклонников!
👍👍👍👍👌👌👌👌
👍👍👍👍👍👍👍
Real true
Rest In Peace ✌️ ❤️😇Michael Jackson😇❤️ we love you forever
I miss Michael 😢. MJ4EVER.
RIP 🕊❤👑
Obviously Michael was a genius in everything he set his mind on.
Genius as a musician. The best ever.
But with money. The man was very bad. Also wait giving authority to financial advisers to do what they want. When all he had to say was don't let any deal.go through unless you have my consent. The law was on his side here. He wouldn't go attend the meetings. Then he stopped working. And just leveraged out his assets to get money and not pay it back. The man caused it on himself. Didn't t accept the reality of less income coming in and he would have to downsize. Which he did after the trial..but only caaue he was close to tapping out and had no choice. No other celeb have got themselves in 4 or 500m debt. And they have financial advisers working for them as well and lawyers. Mj was just settle Amy lawsuit just cause he didn't wanna go to court. Just lazy there. But the man stopped working after 1997. With income of 10 to 20m a year. If he accepted reality and downsized then. And stopped his spending habits. And took control of his bank accounts. He would have been fine. The problem was he just didn't want to. 4 to 500m in debt. No wonder the man had sleeping problems.
"Money can't buy life."
- Bob Marley
bob marley would never have fiven up his money tho
everytime when these videos go to early-late 1993 or 2003, I had to pause and skip the horribleness he had to endure
he didn't die broke, only watching the start right now but you should say that, everyone has that idea, he was never broke, he owned his music and a lot of material wealth, if he was broke then i'm far beyond broke XD
Um...how do you know what shape his finances were in? Were you his accountant?!
As you can tell by my pic, I hate bad stories about Michael. We love and miss you, Michael.
He was a pedophile
Elvis and priscilla
He went overboard on plastic surgeries. Madonna too. But pressure. Ivanka. Melania who knows trump but made good plastic surgeries choices. But age like madonna knows surgery cant help.
Btw confederates descemdamts oddrugs good
I wish MJ got better financial advice in his later years. Maybe he wouldn't have been in so much debt. But at least his estate is in good hands now. Great video from the detail. Long live the king of pop. 🎉
He was a genius with his money…he went in debt bc of his court cases & losing partnerships & ppl not supporting his music like they once did. The money he had left he tried to invest to get all that money back to be able to afford to pay off his debt. In the grand scheme of things he did nothing wrong with his money. His whole career as an adult he invested large amounts of money to make triple of that back. Just towards the end of his life his luck ran out with investing, More ppl kept making cases & Ppl stopped supporting his music which led to him not being able to pay back companies & His “friends” & Loans from banks & being in debt
@@skrapelottoI would never be able to explain it well like this.
No his estate is in the ppl that stole from him hands remember MJ fired them both for double dealing with him and Sony which lead to him blasting Sony for not giving him his masters for Thriller & Bad they dropped him and he went unsigned until he was killed
The problem was he turned the financial advisors away. They were trying to help him. But mj wouldn't speak to them. As the advice they had is nit what mj wanted to hear. He had to downsize. He had to move out from neverland. He had to stop huge spending habits. He wouldn't. Would be OK. If he was releasing music and touring and going award shows. But after 1997. He basically stopped working. And the catalogue income. Was amazing. Between 10 and 20m a year. He could have lived comfy. If he had jsur accepted reality. Other celebs have downsized. Cut on spending. But mj. Nope I'm gonna keep borrowing loans of banks. Just spend it and not pay them back. He was lucky the billionaire bailee him out of foreclosure of neverland. Otherwise it was gone. His also lucky his share in the catalogue wasn't gone. Although that would have been inevitable had he stayed alive. The fact that bank of America were holding on to his assets. Just showed he was close to losing them.
@@arianagrandefan934 if he would’ve received his masters to Off The Wall, Thriller & Bad like the contract said he would. Unfortunately it was his advisors and attorneys who stabbed him in the back
I love that you included today’s adjusted for inflation price everytime you mentioned his earnings…. That made the video much more enjoyable and relatable
В последние годы Майкла окружали очень плохие люди, которые высасывали из него деньги, не исполняли его денежных обязательств и в итоге привели к огромным долгам, надеюсь они будут наказаны за свою жадность. Слава богу, что Майкл смог погасить все свои долги и до сих пор продолжает зарабатывать огромные деньги. Так держать Майкл, пусть твои доходы с каждым годом увеличиваются в несколько раз 🙏 утри им всем нос... покажи кто здесь Король ❤
It had to be hard being a human being with emotions but worth so much money alive or dead . Unlike billionaires with companies he was the company. Damn Michael 😢
It’s so terrible what they did to this man. Tormented until the day he died. They took and took and took. He was such a kind soul and evil people took advantage of him. He deserved better for all the joy and charity he gave this planet. I hope and pray he is at rest now. R.I.P. King of Pop.
Yes, it appears that way. But look at his album Dangerous. There are certain satanic images in that album. He has created a statue of him. self Hmmm. Please reexamine this before making a conclusion.
@@mead9 yeah, I’m good. I know FACTS. But you can think what you want.
he did mismanage money though-love how people are blaming that on other people.He had assets to cover that debt though-but the media always go along with the broke story
I've never seen a video mention "adjusted for inflation" as much as this one. :D
Thank you!
This video came recommended in my CZcams feed a few days ago. I didn’t realize until 55:47 that this WHOLE channel was dedicated to Michael Jackson!
I will forever miss Michael. The world would be so much better with him here
Michael was NEVER broke; he had those masters that he owned; he could have sold them anytime; in fact that is what the nusic company wanted; those masters he owned
and sadly those stupid executors sold it back. bad move. michael NEVER wanted Sony to get the publishing back and he said that publicly
NEVER BROKE BUT IN HUNDRED OF MILLIONS OF DEBT WHILE ALIVE..
MADE HUNDREDS OF MILLIONS DEAD.....THAN ALIVE!!!
JB.ok
It's amusing to see people making claims about his wealth, as if they ever had access to that information. It's difficult to determine his exact financial situation at the time of his death. However, evidence suggests that he was in severe financial crisis and that THIS IS IT was created solely to ease some of the burden. Claiming that he was "NEVER" broke implies that you had access to his financial records and can confirm it. It's simply an instance of die-hard fans refusing to accept anything negative about him.
@@pensiveczar2239
Going to say it for the last time
MJ RIP WAS NEVER NEVER NEVER BROKE....HE HAD TREMENDOUS VALUED ASSETS....VALUATION BUT NO REAL CASH ON HAND...NO REAL LIQUIDITY TO SPEAK OF....
CARRIED TREMENDOUS AND BURDENED DEBT! DEBT! DEBT!
TO ALMOST $400,000,000.00 DEBT...
WHEN DECEASED THEN CASH FLOW BEGAN TO TREMENDOUSLY INCREASE
ASSETS SOLD SHOWS MOVIES ETC BEGAN TO SELL TICKETS RAISING MILLIONS SONY SALE OF PUBLISHING
$275,000,000.00 RAISED HENCE DEBT COVERED...THE BALANCE SHEET BEGAN TO LOOK BETTER NOT GREAT BUT BETTER....
JB ACCOUNTANT
Great job "the detail" as always ❤ 👑
Thank you! Cheers!
No amount of money will ever be enough to fill the void left by his absence.
Pepsi killed him that’s why he was dependant on painkillers which end his life.
@@tayobibiI think it's deeper than Pepsi his life experience throughout time may have given him a psychosis that was never addressed which would explain his insomnia.
Michael will always be remembered as being the most giving person that the world has ever known and, not to mention selfless ❤❤❤we love you Michael and you will never be forgotten 🎉🎉🎉
You forgot to mention Jackson was $400 million in debt.
Drink everytime he says adjusted for inflation
This man should be studied, its wild how he knew who to entrust with his estate upon his demise but didnt bring the same people to manage his affairs whilst alive. Had he allowed them to manage his affairs i dont think he wouldve needed the this is it tour.
Not sure about that. John Branca was there in the first deal in 1984 when he bought the catalog which included beatles and others… and he is still there in the administration of his trust. Was he not involved in between? I think he always had him as a legal advisor.
I am puzzled… Was it maybe more difficult to repay his debt when he was still alive as he should perform and promote while he had his legal battles and his health was failing him? But why the debt restructuring never happened, or why they didn’t liquidate assets that he didn’t care so much about (obviously not the catalog or his music rights).. And why John Branca still sold his catalog rights, after the debt has been fully repaid and he was still earning money posthumous? What was the need for that ? And for a price which is even lower than 10 annual earnings of this catalog?
I cannot connect the pieces. I am missing something
@@athinad. Might have something to do with the lawyers MJ had following Branca's first dismissal.
@@crimcrusader8459 yes you are right. I have done a bit more digging after the above comment. I realized that he was led to mis-trust Branca and fire him as others were trying to get into his team and take advantage of him. Branca was an obstacle because he was helping him.
I also think that selling the catalog in 2016 was the right time before McCartney claimed his rights as per US law.
I have read somewhere that David Geffen was implicated with the first time MJ replaced his team in early’90s and maybe also later in early ‘00s behind the scenes. Apparently there were a lot going on, linking the allegations, the absurd media coverage, tricky financial deals and people earning his trust and misusing it. Very complex. Not sure what is true or not.
One think I know is that he was too strong to take down. And even though now he is dead, his legacy, his spirit and his message for unity and love will live forever.
Invincible.
The Greatest of All Time
Could you imagine had he had the access to utilize the internet/social media today. His numbers would be unfathomable.
This is awesome content, thank you for putting together!
I LOVE MICHAELJACKSON ALWAYS. EVERY DAY AND FOREVER I LOVE YOU MICHAEL AND I MISS YOU SO SO MUCH ♥️♥️♥️♥️
He didn't want to sell his catalog period
Michael naming his last album “ this is it” let’s me know he was tiied 😭😂
Bruh, "tryna get his motherboard wet" took me smooth out🤣🤣
Excellent documentary, the detail! Thank you so much!
Glad you enjoyed it!
Michael rip you are ausome and none of that stuffed you were accused of was true. You just never got to be a kid. Nothing but love for michael
Looking back on this reminds me of how rich he actually was.🎉
I enjoyed the documentary MJ King of Pop.Talking about his music,life,dancing,moonwalk, etc is all so incredible. I loved the fact that myself and my family loved the Jackson 5, and Michael Jackson growing up with his music and videos.Don’t worry I didn’t forget ya Janet Jackson,2pac,Biggie Smalls,NWA,Eazy-E,Dr Dre,Eminem,50cent,TLC,Aaliyah,Tina Turner,James Brown,Cyndi Lauper,Madonna,Beyonce,Destiny’s Child,Lady- Gaga,Sia,Nicki Minaj,DMX Ashanti,Ja-Rule,Mary J Blige,Diana Ross,Taylor Swift,Jay-Z,Kanye West,Drake.A whole lot of amazing musicians that have made a huge impact in the world of all cultures.Never stop the music💎💎💎💎💎
Excellent documentary!!! Thank you the detail. Invincible.
Glad you enjoyed it!
I LOVE THIS CHANNEL !!!!!
you guys have done great work and don't shy away from other projects
I thought we were gonna get a new video. Not the series in 1 video
Thank you for this channel ❤
Our pleasure!
Lawyers and others,were all in on his murder.
This Is It....would have been example that he was still innovator with his live shows and performance. It was a musical, short film, light and sound, 3D show and concert all in 1. It would have been something to witness.
Im glad his Mom and kids are taken care of. I hope the children never blow through their inheritance.
Forbes says that MJ has earned 1.1 billion (over 2 billion when adjusting for inflation) during his solo career. Hard to imagine that this man had hundred of millions of debts in his last years. If only he had saved half of his annual income and investing it in conservative stocks, he easily could have been a multi-billionaire.
Michael buying the Beatles catalogue was a tip given to him by Paul McCartney. McCartney told Michael during the period in the early 1980s when they both were recording together it was a good way of investing, to buy the rights of records. To which Michael promptly bought all the rights to the Beatles song which pissed off Paul McCartney and they never worked together again.
Miss him so much. We grew up WITH him. Like losing a family member. XO
He was smart as well as charming, I don't know why people still believe those who "kicking dirt in his face
I’ll never understand how people can begin broke and become insanely wealthy and then go back broke, I’d be too scared to go back broke to just blow my money.
complex is a good description for this topic... fascinating and sad the same time, what happened
Thank you so much.
You're welcome!
I don't know any other celebrity that has donated so much.
Jerry Lewis!!
there will NEVER be another MJ period!!!!
Since months I consume videos about Michael - in secret. You cannot talk about your love to Michael with nobody in detail. Are others doing the same? I think so.
Awesome documentary
Glad you enjoyed it
Likewise
Such a smart move 9:38 - making more money on top of money 💰
Michael did own the Beatles Music Catalogue at the end of his life. So he wasn’t to in need of cash!!
This reminds me of VH1’s episode of The Fabulous Life of Michael Jackson. That’s a favorite episode of mine!
This guy was a billionaire many times over, amazing!
Try as they might, they aren't going to destroy Michael Jackson's musical legacy.
I might be alone here but a big kudos to the MJ's estate for managing his finances after his passing. MJ has a big family (many greedy) and a ton a outgoings. And to manage it into a behemoth money maker while being respectful to MJ and his wishes is nothing short of amazing.
You are joking I hope. Those useless attorneys handed his 50% share of the SONY/ATV catalog back to Sony for a meagre $975 million. Its TRUE VALUE to MJ was more like 23 BILLION. The TRUE value of that catalog is now north of $50 billion. Yes that's right. MJ would never have sold that back to Sony for less than $20 billion. He was by far the wealthiest singer to ever live at the time of his death. He would be worth even more today had he handled his affairs better. And stayed alive. The likes of Oprah, Jordon and West. Don't come close...
He was the greatest pop star ever! In history! The King! 👑
Wow. I am just blown away. Incredible, incredible work Detail. Bravo 👏👏👏
Thank you so much!
What a genius Michael was! Legend 💖👑
I think MJ should have invested in other businesses like stock in upcoming companies like Nike he would have been the richest black man by now
Clever man Michael jackson 👏 👌 he saw the future with his investment.
Michael was never really broke he had the Beatles catalog he just refused to sell it. Mj was cash poor but had assets galore he just didnt want to let it go! That's ultimately what got him killed! The establishment was not going to let a black man own the biggest music group in History!
This was a great watch
Thank you!
amazing how its doesnt even come close to elon musk or those billionaries, despite michael being way more iconic and loved by people
Instant thumb up!
Appreciated!
He was spending hundreds of millions of dollars a year.. if only he bought Apple stock in 2003 as one of his shopping sprees, it would be worth tens of billions today!
I am goddamn sure, Michael Jackson had all the resources, if he made right investments(be it crypto, stocks, MCU), he would've easily been one of the richest persons in the world by now. And most definitely he would've spent a major chunk in his charity Heal the World
So Michael had 600k in cash and 200M in assets when his debts were subtracted. Wow....I only with I was "broke" like this. 😒
I LOVE HIM FOREVER ❤️💰
Seeing the adjusting for inflation from the 80s till now really blows lol
The inflation is crazy! 🤑😲
loving the video but it would have been better to just say "all numbers adjusted to inflation" cause your way is driving me crazy haha ... but, good work
Greatest Of All Time
That was dope
over 400 million dollars in debt? wow. honestly, he did not deserve that. poor thing :(
I new this, in the mid 80s when he bought the catalog!!! It will Only ever Increase in Value, Period!!
I'm learning a lot about inflation.
Michael Jackson kind of pop 💜💜💜👑👑👑👍❤❤
Michael was a really good businessman for someone who didn't have a college education or even a high school diploma
Micheal trust to many ppl did't have his best inrest.
Because what he did when he was famous helping others by providing charity million an million of dollars an because of this good will god bless his family till to this day enjoying an living their life as millionaire forever
He could've saved so much money with todays technology
❤smart man 😊
Back in the golden age of 1984, when I was a sprightly 25-year-old, I was earning my keep at Atari, pulling in a cool 25k a year (that’s a whopping 51k in today’s money!). And guess what? I bumped into none other than the King of Pop himself, Michael Jackson!
Then, I switched lanes to Worlds of Wonder, where I was raking in 30k annually (or about 70k in today’s terms). And who should I meet but the Purple One, Prince, and his band!
Looking back, I realize that while I was making what seemed like peanuts (even after adjusting for inflation), these guys were swimming in their mega riches. But here’s the kicker - I’m still around, kicking it and living life, while they’ve left the stage.
So, I guess the joke’s on them - I may not have been making ‘Jack Squat’, but I’m still worth it! Now, that’s something to be thankful for, isn’t it? 😄
dondixon, I guess there is multiple ways of looking at it. But they did die young but they lived a million times more and did and experienced a million more things than you did.
@@matchpoint14 Good point... My point is it's great to be alive to experience anything at all not just how much... For Time "IS" the experience.
The most worthy man in the world!
"Worthy Man" doesn't have a $400 million debt.
"Worthy Man" would go to a REHABILITATION FACILITY, COMPLETE ALL PROGRAMS, OVERCOME HIS ADDICTIONS AND BECOME A BETTER PARENT FOR HIS CHILDREN.
Why didn't Jackson?
King of pop really sounds degrading of a title for this man,his success resembles that of the donald trumps of the world,he didn't need to actually begin a business, instead, he was the business, the valuable commodity, his brand was or is more of a cooperation, yet he was indeed just an artist.
Major financial institutions,popular vips like the Saudis or sheikh, solid fan base,magazines,tours, etc For this lot to continue investing in a private individual,come rain come sunlight really puts me at awe for the man,may is soul rest in peace
I miss you michael 👑😔