The shocking financial state of Michael Jackson was revealed in new court documents long after his passing. The papers showed that the King of Pop was over $500 million in debt when he died. This was despite, being one of the most successful entertainers of all time with a valuable music catalog and plans for a major comeback tour.

The lawsuit details were part of a legal fight over his $2 billion estate. It claimed his business affairs were in “disarray,” with over 65 creditors owed money. At the time of his death, the 50-year-old was preparing for his “This Is It” tour, which he desperately needed to settle his massive debts, which were growing by about $30 million each year.

Michael Jackson’s $500 Million Debt Revealed in Court Docs

Fans expressed sadness and frustration over the news feeling it overshadowed his legacy. One comment read “So instead of honoring the 15th Anniversary of his passing ET chose to do a story we already know about.” Another supporter noted “He may have been in debt but he definitely wasn’t broke he owned his own catalog worth $1 billion.” Many simply pleaded “PLEASE let this man rest.”

This financial struggle was the result of a long, complicated journey. A deep dive into his finances shows how extreme spending, costly legal battles, and fading music sales slowly created a mountain of debt.

How Michael Jackson Almost LOST Everything & Died BROKE!! | the detail.

The detailed investigation explains that at his peak, Jackson was the highest-paid entertainer globally. However, his lavish lifestyle, legal issues, and expensive projects eventually caused his spending to far outpace his income. By the 2000s, he was reportedly spending $30 million more per year than he earned leading to enormous loans using his music assets as collateral. His planned 50-concert “This Is It” tour in London was his final attempt to regain financial stability before his tragic death.

For fans who want to remember Michael Jackson for his musical genius rather than his financial troubles the best place to focus is on his official music channels. There his legacy is celebrated through his groundbreaking videos and songs. To experience the full scope of his incredible career, there is a magnificent collection of his greatest performances and short films.