Friday, February 18, 2011

MICHEAL JACKSON DIED 400 MILLION IN DEBT

TMZ says it has obtained the first accounting that MJ executors filed … showing exactly how much money Michael owed when he passed away on June 25, 2009 … and how much the estate has made since — and the numbers are astounding.

According to the documents, the estate has already made more than $310 million since MJ’s death.

Documents show excecutors have already spent roughly $159 mil paying back various debts, income taxes and other expenses such as providing “uninterrupted support for Mrs. [Katherine] Jackson and Michael Jackson’s children as Michael intended.”

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