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    Earnings Michael

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    Katarina Kostic
    Michael Jackson earned an estimated $125 million in 1989 from album sales, endorsements, and concerts. Estimates of his net worth during his life ranged from negative $285 million to positive $350 million. After his death, his estate continued to earn hundreds of millions annually from his recordings and other assets, bringing his total postmortem earnings to over $2 billion by 2018. However, the IRS claimed his estate was worth over $1.1 billion and owed $702 million in taxes and penalties. His estate disputed this valuation and a trial was held in 2017 over the estate tax amount owed.

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    Earnings Michael

    Uploaded by

    Katarina Kostic
    20 views2 pages
    Michael Jackson earned an estimated $125 million in 1989 from album sales, endorsements, and concerts. Estimates of his net worth during his life ranged from negative $285 million to positive $350 million. After his death, his estate continued to earn hundreds of millions annually from his recordings and other assets, bringing his total postmortem earnings to over $2 billion by 2018. However, the IRS claimed his estate was worth over $1.1 billion and owed $702 million in taxes and penalties. His estate disputed this valuation and a trial was held in 2017 over the estate tax amount owed.

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    All the info about money, movies and songs that Michael made

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    Michael Jackson earned an estimated $125 million in 1989 from album sales, endorsements, and concerts. Estimates of his net worth during his life ranged from negative $285 million to positive $350 million. After his death, his estate continued to earn hundreds of millions annually from his recordings and other assets, bringing his total postmortem earnings to over $2 billion by 2018. However, the IRS claimed his estate was worth over $1.1 billion and owed $702 million in taxes and penalties. His estate disputed this valuation and a trial was held in 2017 over the estate tax amount owed.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    20 views2 pages

    Earnings Michael

    Uploaded by

    Katarina Kostic
    Michael Jackson earned an estimated $125 million in 1989 from album sales, endorsements, and concerts. Estimates of his net worth during his life ranged from negative $285 million to positive $350 million. After his death, his estate continued to earn hundreds of millions annually from his recordings and other assets, bringing his total postmortem earnings to over $2 billion by 2018. However, the IRS claimed his estate was worth over $1.1 billion and owed $702 million in taxes and penalties. His estate disputed this valuation and a trial was held in 2017 over the estate tax amount owed.

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    © All Rights Reserved
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    Earnings

    In 1989, Jackson's annual earnings from album sales, endorsements, and concerts were estimated at
    $125 million.[202] Forbes placed Jackson's annual income at $35 million in 1996 and $20 million in 1997.
    [481] Estimates of Jackson's net worth during his life range from negative $285 million to positive $350
    million for 2002, 2003 and 2007.[482][483] Forbes reported in August 2018 that Jackson's total career
    pretax earnings in life and death were $4.2 billion.[484][485] Sales of his recordings through Sony's
    music unit earned him an estimated $300 million in royalties. He may have earned another $400 million
    from concerts, music publishing (including his share of the Beatles catalog), endorsements,
    merchandising and music videos.[486]

    In 2013, the executors of Jackson's estate filed a petition in the United States Tax Court as a result of a
    dispute with the Internal Revenue Service (IRS) over US federal estate taxes.[487] The executors claim
    that it was worth about $7 million, the IRS that it was worth over $1.1 billion. In February 2014, the IRS
    reported that Jackson's estate owed $702 million; $505 million in taxes, and $197 million in penalties.
    [488] A trial was held from February 6 to 24, 2017,[489] and a decision was still pending as of 2020.[490]

    In 2016, Forbes estimated annual gross earnings by the Jackson Estate at $825 million, the largest ever
    recorded for a celebrity, mostly due to the sale of the Sony/ATV catalog.[491] In 2018 the figure was
    $400 million.[492] It was the eighth year since his death that Jackson's annual earnings were reported to
    be over $100 million, thus bringing Jackson's postmortem total to $2.4 billion.[493] In 2019, Forbes
    recognized Jackson as the top-earning dead celebrity each year since his death except 2012.[494]

    Discography

    Main articles: Michael Jackson albums discography and Michael Jackson singles discography

    See also: The Jackson 5 discography

    Got to Be There (1972)

    Ben (1972)

    Music & Me (1973)

    Forever, Michael (1975)

    Off the Wall (1979)

    Thriller (1982)

    Bad (1987)

    Dangerous (1991)
    HIStory: Past, Present and Future, Book I (1995)

    Invincible (2001)

    Filmography

    See also: Michael Jackson videography

    The Wiz (1978)

    Captain EO (1986)

    Moonwalker (1988)

    Michael Jackson's Ghosts (1997)

    Men in Black II (2002)

    Miss Cast Away and the Island Girls (2004)

    Michael Jackson's This Is It (2009)

    Bad 25 (2012)

    Michael Jackson's Journey from Motown to Off the Wall (2016)

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