Most people struggle in life to make enough money to live on but if you are a successful celebrity you know nothing of such struggles and if you are a dead celebrity the same holds true. Most observers agree that with Michael Jackson's passing an economic window of opportunity will open for his estate to grow over time exponentially. Michael Jackson was a big spender. Anyone who saw the Special hosted by Martin Bashir (who now is a co-host on Nightline) where in which he went on a shopping spree with the "King of Pop" and watched him drop over 6 million dollars in less than an hour on items like an oversized chess board game and alike can easily understand why he was estimated to be about 500 million dollars in debt. Jackson and his out of control spending habits were the biggest reason for that. Now that he is not around to spend money like crazy his estate will be in a position to just take in money and most observers agree that his estate's debt can likely be wiped out in less than ten years and function in the black every year after that. It is believed that he will someday take over the top spot on the list of highest earning dead celebrities and surpass people like John Lennon and Elvis who have been dead and earning millions for years. The current list of the top ten celebrity money earners goes like this according to the Forbes list: 1. Kurt Cobain - 50 million per year. -- 2. Elvis Presley - 42 million. 3. Charles Schulz (creator of "Peanuts" comic strip) - 35 million. 4. John Lennon - 24 million. 5. Albert Einstein - 20 million. 6. Andy Warhol - 19 million. 7. Theodor Geisel (Dr. Seuss) - 10 million. 8. Ray Charles - 10 million. 9. Marilyn Monroe - 8 million. 10. Johnny Cash - 8 million. Most of this revenue is due to licencing agreements, book and record sales.
Tuesday, June 30, 2009
Michael Jackson Poised To Top Highest Earning Dead Celebrity List
Most people struggle in life to make enough money to live on but if you are a successful celebrity you know nothing of such struggles and if you are a dead celebrity the same holds true. Most observers agree that with Michael Jackson's passing an economic window of opportunity will open for his estate to grow over time exponentially. Michael Jackson was a big spender. Anyone who saw the Special hosted by Martin Bashir (who now is a co-host on Nightline) where in which he went on a shopping spree with the "King of Pop" and watched him drop over 6 million dollars in less than an hour on items like an oversized chess board game and alike can easily understand why he was estimated to be about 500 million dollars in debt. Jackson and his out of control spending habits were the biggest reason for that. Now that he is not around to spend money like crazy his estate will be in a position to just take in money and most observers agree that his estate's debt can likely be wiped out in less than ten years and function in the black every year after that. It is believed that he will someday take over the top spot on the list of highest earning dead celebrities and surpass people like John Lennon and Elvis who have been dead and earning millions for years. The current list of the top ten celebrity money earners goes like this according to the Forbes list: 1. Kurt Cobain - 50 million per year. -- 2. Elvis Presley - 42 million. 3. Charles Schulz (creator of "Peanuts" comic strip) - 35 million. 4. John Lennon - 24 million. 5. Albert Einstein - 20 million. 6. Andy Warhol - 19 million. 7. Theodor Geisel (Dr. Seuss) - 10 million. 8. Ray Charles - 10 million. 9. Marilyn Monroe - 8 million. 10. Johnny Cash - 8 million. Most of this revenue is due to licencing agreements, book and record sales.
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