Your tip

Michael Jackson’s Estate Executors Reveal Pop Star's Mom Katherine’s 7-Figure ‘Allowance’ as She Fights $600 Million Music Catalog Sale

michael jackson katherine jackson pp
Source: MEGA

A family member said the freeze has put Michae's mother Katherine and his kids in 'financial straits.'

Mar. 19 2024, Published 10:00 a.m. ET

Link to FacebookShare to XShare to FlipboardShare to Email
Getting your Trinity Audio player ready...

The executors of Michael Jacksons estate revealed they paid the late pop star’s mother over $1 million in “family allowance” in 2020 — as they continue to duke it in court out over the $600 million sale of MJ’s music catalog.

John Branca and John McClain, the executors, recently submitted a financial report, obtained by, that details the income and expenses from January 1, 2020, to December 31, 2020.

Article continues below advertisement
michael jackson katherine jackson
Source: MEGA

MJ's mother is opposed to the decision to sell half of late son's music catalog to Sony because she feels confident her son would not have wanted it.

The executors said, “As reflected in the previously filed Accounts and this Account and Report, the Executors have been able to create exceptional and unique opportunities that did not exist at the time of Michael Jackson’s death to generate substantial revenues and enhance the image and legacy of Michael Jackson for the benefit of the beneficiaries of Michael’s Trust.”

The duo revealed that as of “December 31, 2023, the Estate generated gross earnings well in excess of Two Billion Dollars.”

Article continues below advertisement
leaving neverland director slams michael jackson biopic disingenuous
Source: MEGA

Jackson's lawyer want to depose a security guard who allegedly witnessed the abuse.

Article continues below advertisement

Branca and McClain said, “With the assistance of their counsel, the Executors have successfully rebuilt and enhanced Michael Jackson’s image, solidified the MJJ business as a significant entity in the entertainment industry, entered into and continue to enter into unprecedented business deals that have produced, and will in the future produce, significant revenues for the Estate, and have settled or disposed of most of the creditors’ claims and litigation.”

Katherine Jackson
Article continues below advertisement
michael jackson katherine jackson
Source: mega
Article continues below advertisement

In the financial report, the executors said the estate had $656 million in property on hand at the start of the time period. The estate pulled in $34 million in income and ended the period with $760 million. The estate said it disbursed $35 million in 2020.

The estate said Michael’s mother Katherine was paid $1.1 million in 2020 for various legal bills. In addition, the home she lives in is paid for by the executors. Katherine received another $800k to make renovations to her Calabasas mansion.

Article continues below advertisement

The estate spent another $112k on expenses for the mansion.

In 2020, Michael’s daughter Paris was paid $300k for construction-related costs on her Hollywood home. The executors paid Paris an additional $723k in 2019 for construction costs.

Article continues below advertisement
paris jackson red carpet
Source: MEGA

As first reported, Katherine and the executors are locked in a bitter court battle over the recent sale of Jackson’s music catalog.

The estate sold half of the catalog to Sony for $600 million. The court approved the deal despite Katherine’s objections.

Katherine appealed the decision — and argued the estate had no authority to sell off the asset.



More From Radar Online

    Opt-out of personalized ads

    © Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.