Prince, Paris, and Blanket Granted $8M a year income.
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Prince, Paris, and Blanket Granted $8M a year income.
by WeAreTheWorld. Sun May 11, 2014 7:26 pm
MJ’s kids granted $8m annual income
May 7 2014
Michael Jackson's children have been granted a total annual income of $8 million.
The late King of Pop left behind three children when he died of acute Propofol intoxication in 2009 - 17-year-old Prince, 16-year-old Paris and 12-year-old Blanket - and the court that oversees their welfare has now allocated finances for their living expenses.
The expenses for the youngsters, who live with their grandmother Katherine Jackson and their cousin TJ Jackson in Los Angeles, California, breakdown as $3 million for their school fees, $300 000 for holidays and $600 000 for a personal security team.
The court has also authorised them to spend a further $200 000 a year from their late father's estate on renting a mansion.
In addition to Paris, Prince and Blanket each receiving $15 000 a month in spending money, their legal guardian, Katherine, also receives $1.2 million a year for looking after them.
The value of the 'Thriller' hitmaker's estate has grown from £3.5 million to £400 million since his death five years ago.
The sums have emerged as the mother of Prince and Paris - Debbie Rowe - seeks to gain custody of her children, as well as Blanket, who was born through a surrogate mother.
The former nurse, who was married to the pop star for three years between 1996 and 1999, claims the children's grandmother is “too old” to raise them. - Bang Showbiz
Source: [You must be registered and logged in to see this link.]
May 7 2014
Michael Jackson's children have been granted a total annual income of $8 million.
The late King of Pop left behind three children when he died of acute Propofol intoxication in 2009 - 17-year-old Prince, 16-year-old Paris and 12-year-old Blanket - and the court that oversees their welfare has now allocated finances for their living expenses.
The expenses for the youngsters, who live with their grandmother Katherine Jackson and their cousin TJ Jackson in Los Angeles, California, breakdown as $3 million for their school fees, $300 000 for holidays and $600 000 for a personal security team.
The court has also authorised them to spend a further $200 000 a year from their late father's estate on renting a mansion.
In addition to Paris, Prince and Blanket each receiving $15 000 a month in spending money, their legal guardian, Katherine, also receives $1.2 million a year for looking after them.
The value of the 'Thriller' hitmaker's estate has grown from £3.5 million to £400 million since his death five years ago.
The sums have emerged as the mother of Prince and Paris - Debbie Rowe - seeks to gain custody of her children, as well as Blanket, who was born through a surrogate mother.
The former nurse, who was married to the pop star for three years between 1996 and 1999, claims the children's grandmother is “too old” to raise them. - Bang Showbiz
Source: [You must be registered and logged in to see this link.]
WeAreTheWorld.- Posts : 1967
Join date : 2012-07-22
Age : 27
Location : United States
Re: Prince, Paris, and Blanket Granted $8M a year income.
by midangerous Mon May 12, 2014 12:02 am
It's great that the kids are being given a good income, but is Debbie really seeking custody?
midangerous- Posts : 3098
Join date : 2012-07-23
Age : 34
Location : United States
Re: Prince, Paris, and Blanket Granted $8M a year income.
by corlista Mon May 12, 2014 8:11 am
I wondered the same thing, midangerous. At first I thought her engagement was just a publicity story but then it wasn't -- but taking the kids away from KJ?? I keep seeing the story. There was a rather vague denial from the family a while ago but nothing since.
corlista- Posts : 157
Join date : 2013-03-28
Location : Santa Fe, NM
Re: Prince, Paris, and Blanket Granted $8M a year income.
by VC Mon May 12, 2014 6:31 pm
I think this article is fake, made up by an obscure media outlet for the attention. Buckley is an expensive school, but it's not that expensive.
VC- Posts : 17
Join date : 2013-05-11
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