American singer, songwriter and dancer Michael Jackson was millions of dollars in debt when he died. On June 25, 2009, Michael Jackson died at his home in Los Angeles, USA.
New court documents reveal that the American singer was more than $50 million in debt before his death. The pop singer has sold more than 40 million records in her career, facing several lawsuits worldwide over claims from creditors.
According to the media, Michael Jackson signed a $75 million deal with Sony to get rid of his debts. According to the lawsuit, the American singer’s estate still owes millions of dollars due to tax and legal issues.
According to media reports, Michael Jackson was heavily indebted during his lifetime due to charitable donations, legal expenses, and unnecessary purchases.
