Michael Jackson's Estate Makes Over $1 Billion In Share Sales
July 31 2018, Published 2:24 p.m. ET
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.
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