www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrologyShopping TendersClassifieds Opinions Hotels
Sign In / Register | Archive
Expressindia » Story

Jackson's bequeathes songs worth hundred millions to children

Font Size

Agencies

Posted: Jul 01, 2009 at 0951 hrs IST
Michael jackson

London Michael Jackson bequeathed some 200 unpublished songs to his three children, to secure their future in case of a bankruptcy and the collection is estimated to be worth more than hundred million dollars.

This secret legacy of the 'King Of Pop' is part of a protected trust fund for his three children Prince Michael, 12, Paris Katherine, 11, and Prince Michael II, 7 and cannot be touched by the creditors to whom he owes the staggering amount of USD 500 million, reported Daily Mail online.

The newspaper was quoting Ian Halperin, the author of the yet to be released biography of Jackson called 'The Final Years of Michael Jackson'.

"He has as many as 200 unpublished songs that he left behind for his children. They can’t be touched by the creditors, that will ensure his kids a comfortable existence no matter what happens," a source close to the pop icon told Harperlin.

There are reportedly dozens of previously unknown Jackson songs, including a warning about climate change which he was composing two days before he died.

It is also claimed that the singer's 50 per cent stake in Sony/ATV which includes most of Beatles' back catalogue as well as tracks by artistes like Bob Dylan and Neil Diamond has fine print protecting it from his many creditors.

This would ensure any money from the sale of it would go to his three children, making them financially secure for the rest of their lives.

It is expected that Jackson's estate will make more during the next 12 months than he did in the last decade of his life.

Meanwhile, a will drafted by Michael Jackson in 2002 has emerged which divides the singer's estate among his mother, three children and one or more charities, excluding his father Joe Jackson.

The document which has not yet been made public is in custody of his former lawyer John Branca, who reportedly plans to submit it in a Los Angeles Court by Thursday.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.
Misunderstood MJ- Proved to be a sensitive person by hindblogger on 01 Jul 2009

Media shows us that MJ marries second time because he wanted to be father but did not / could not become a biological one. Why ? We do not know and perhaps it does not matter now. But the way MJ secured future of his kids knowing very well that he is not father of any of the three- proves that he was a sensitive human being, a celebrity who had nothing in his stomach except pills. it's all about money, it was, it is and it will be.

Latest News

Business

Showbiz

Sports

India can't quiz Headley, Rana in US: NSA Jones

'Peeved' Smita Thackeray on her way to join Cong

Cornered Zardari hands over Nuke control to Pak PM Gilani

Shashi Tharoor defends voting against Iran in IAEA

Server crash reports mar first online CAT test

Emission cuts: Share the burden around, suggests Manmohan

Action against 26/11 attackers key to reducing Indo-Pak tension: Brown

More
Featured Services
© 2009 The Indian Express Limited. All rights reserved
The Indian Express Group | Advertise With Us | Privacy Policy | Feedback | Work With Us | Site Map