Michael Jackson is richer than ever—nine years after his death.
RadarOnline.com has learned Sony Corp. paid Michael Jackson's estate $287.5 million after buying its share of EMI Music Publishing.
While the paperwork is still being processed, Sony's agreed to pay $2.3 billion to acquire EMI. It is also paying EMI's debt of $1.359 billion.
Now, EMI Music Publishing is valued at $4.75 billion, making Jackson's estate wealthier than ever before.
In 2016, the Jackson estate sold its share of Sony/ATV Music Publishing in 2016 for $750 million. Therefore, MJ has made $1 billion since the estate unraveled its interest in those publishing assets, according to Billboard.
When the deal is closed, EMI Music Publishing will belong entirely to Sony.
We pay for juicy info! Do you have a story for RadarOnline.com? Email us at firstname.lastname@example.org, or call us at (866) ON-RADAR (667-2327) any time, day or night.