Michael Jackson is still making millions from the grave.
Newly released court documents revealed Michael Jackson’s estate made $310 million in revenues from his film and albums released after his 2009 death – a haul that has made a dent in paying down King of Pop’s $400 million debt.
The beneficiaries of the estate included Jackson’s three children, his mother Katherine Jackson and several charities.
So far $159 million have gone toward making “substantial progress in reducing the estate’s debt,” Reuters reported, citing court documents.
Jackson’s film “This is It” which was released just four months after his death in June 2009, cashed in some $261 million in worldwide revenue according to boxofficemojo.com.
Other moneymakers included his posthumous album “Michael” released last year, featuring never before released tracks by the artist.
These earnings proved to be a significant start to paying the estate’s debts. Of $900,000 in funeral costs, $35,000 went toward a “costume” for the memorial, Reuters reported.
Other outlays went to mortgage payments, property taxes and providing support for beneficiaries of the estate.