$310 Million Collected by The State of Michael jackson: State Administrators

Reportedly, $310 million was collected in shape of revenues, by Michael Jackson’s state, from the sale of products, albums, a film, and other goods between MJ’s death in June 2009 and December 2010.

More than half of the revenue generated used to pay-off the debts of Michael Jackson. According to his state’s administrators $159 million of debts were cleared against the revenue collected up to December 2010. Reportedly, the music legend was indebted by more than $400 million at the time of his death in 2009; apparently from an over dosage of drugs.

The estate’s beneficiaries include Jackson’s children, mother, and various charities.

“Hold My Hand,” the Duet Between Michael Jackson and Akon Released Online

“Hold My Hand,” the duet between Michael Jackson and Akon, off the upcoming album Michael, has premiered!

In the song, the pair sing, “Hold my hand, baby I’ll promise that I’ll do all I can. Things will get better if you just hold my hand. Nothing can come between us if you just hold my hand.”

Last week, the first song off of Michael’s new album, titled “Breaking News,” debuted.

Christmas Special Gift for MJ Fans: King of Pop's Album to Be Out on Christmas Eve

‘King of Pop’ Michael Jackson was writing and recording new songs just days before his death and the posthumous album will be out this Christmas.

Sony Music has released the stunning artwork for the album, simply called ‘Michael’, and confirmed the collection of new songs will be released on December 13.

“Unbeknownst to many fans around the world Michael Jackson was writing and recording songs continuously everywhere from a friend’s home in New Jersey to studios in Las Vegas and Los Angeles with a small group of handpicked collaborators,” said a statement released by the record label.

“Now, through the unique stories that will be told about the songs that comprise Michael, fans will get mind—blowing insight into how this artist worked and a chance to hear the songs he most recently created along with tracks that Michael had a desire to bring to fruition,” added the statement.

But the record company was keeping the lid on any further details, refusing to reveal the collaborators or the number of tracks.

Only one song, recorded in 2007 and entitled Breaking News, was named and will be streamed on the official Michael Jackson website from next week.

The psychedelic artwork for the album pays royal tribute to the ‘Thriller’ hit maker, who died from an overdose of prescription drugs in June 2009.

The pop icon was the highest earning celebrity of 2010, with an estimated haul of USD 240 million.

The ‘Black or White’ hit maker’s music shot back into the charts following his sudden death in June, 2009 at the age of 50. 

What Killed the King of Pop? ~ Michael Jackson 

Michael Jackson: The Most Profitable Dead Celebrity of the Year - - Ranking Released on Monday by Forbes Magazine

The sudden death of Michael Jackson made his bereaved fans put into their pockets and transform the most profitable dead celebrity this year, with revenues of $ 275 million, according to a ranking released on Monday by Forbes magazine.



Jackson posthumously earned more than the sum of 12 other celebrities from the list. He died on June 25, 2009, and the list last year he appeared in third place with $ 90 million billed.

Second on the list this year comes from Elvis Presley, who died in 1977. Business and collecting fees at the mansion-museum, Graceland (Tennessee), a Cirque du Soleil and more than 200 licensing agreements and advertising yielded $ 60 million to his estate.

Jackson died at age 50, victim of an accidental drug overdose, while preparing a tour to resume his career in London. He left three sons and a debt of half a billion dollars.

But his estate has generated millions of dollars since his death, mostly by selling records, the film-show “This Is It,” for contracts to launch new albums and a Cirque du Soleil in Las Vegas.

Rose said the “King of Pop” won last year more than Lady Gaga, Madonna and Jay-Z together.