Michael [ WACKO] Jackson's Monthly Expenses.......
If you are reading FoxNews.com then you have seen that Michael Jackson's monthly expenses while living and up keeping the Neverland Ranch, was costing the celeb almost $2.5 million a month to maintain. All of this for a mansion, some carnival rides, and a zoo? I "can see" where he was coming from...NOT!!!!
Michael Jackson was deeply in debt. According to the excerpt from FoxNews.com...."Michael Jackson left behind $400 million worth of debt". Michael Jackson had produced "Thriller", the best-selling album of all time. He had multiple number 1 singles. How on earth did Michael Jackson manage to rack up so many unpaid bills.
Michael Jackson own shopping habits were a problem. FoxNews.com reported finding 75 cars registered under his name. Many celebrities love cars; however, many celebrities are also still working. Michael Jackson had not put out a significant piece of music since 1997.
"Documents filed in the Los Angeles Superior Court in September of 1999 show that Jackson spent $95, 700 on the gardening alone to maintain the sprawling Neverland Ranch. Security costs totaled another $51,900. Upkeep on his famous zoo/amusement park was another $66,200 and housekeeping/PR expenses stood at around $60,200 bringing the grand total monthly household expense to an astonishing $358,600" FoxNews.com.
Michael Jackson had also racked up unbelievable personal expenses. His personal/property insurance cost $120,000. He spent $25,600 caring to his medical needs. Michael Jackson was also a gift giver. He spent $42,600 on gifts. Yet, he only spent $100 a month on entertainment. I guess the entertainment does not count Neverland Ranch. The dollar figures came from FoxNews.com.
Looking at Michael Jackson's monthly expenses it is easy to see a problem. His monthly expenses totaled $2,339,300. A staggering amount, even for a Double Diamond superstar.
Now I don't have a degree in Accounting (yet), but I can do the math. That's almost $30 million a year that was being spent on the Neverland Ranch alone. This is not including all the plastic surgery, pain pills, underage birthday parties, and court cost to fight "molestation" charges. And people are actually wondering why MJ was almost broke? Do the math people. When your bills are more then your gross income, you go into debt. Now I'm no Suze Orman but i think I'm on the right track.
Goodbye to not only a musical icon but also the King of Pop. R.I.P. MJ. Make sure you don' catch any new criminal charges up there. We know you love them "Barely Legal" Angels. - 18418
Michael Jackson was deeply in debt. According to the excerpt from FoxNews.com...."Michael Jackson left behind $400 million worth of debt". Michael Jackson had produced "Thriller", the best-selling album of all time. He had multiple number 1 singles. How on earth did Michael Jackson manage to rack up so many unpaid bills.
Michael Jackson own shopping habits were a problem. FoxNews.com reported finding 75 cars registered under his name. Many celebrities love cars; however, many celebrities are also still working. Michael Jackson had not put out a significant piece of music since 1997.
"Documents filed in the Los Angeles Superior Court in September of 1999 show that Jackson spent $95, 700 on the gardening alone to maintain the sprawling Neverland Ranch. Security costs totaled another $51,900. Upkeep on his famous zoo/amusement park was another $66,200 and housekeeping/PR expenses stood at around $60,200 bringing the grand total monthly household expense to an astonishing $358,600" FoxNews.com.
Michael Jackson had also racked up unbelievable personal expenses. His personal/property insurance cost $120,000. He spent $25,600 caring to his medical needs. Michael Jackson was also a gift giver. He spent $42,600 on gifts. Yet, he only spent $100 a month on entertainment. I guess the entertainment does not count Neverland Ranch. The dollar figures came from FoxNews.com.
Looking at Michael Jackson's monthly expenses it is easy to see a problem. His monthly expenses totaled $2,339,300. A staggering amount, even for a Double Diamond superstar.
Now I don't have a degree in Accounting (yet), but I can do the math. That's almost $30 million a year that was being spent on the Neverland Ranch alone. This is not including all the plastic surgery, pain pills, underage birthday parties, and court cost to fight "molestation" charges. And people are actually wondering why MJ was almost broke? Do the math people. When your bills are more then your gross income, you go into debt. Now I'm no Suze Orman but i think I'm on the right track.
Goodbye to not only a musical icon but also the King of Pop. R.I.P. MJ. Make sure you don' catch any new criminal charges up there. We know you love them "Barely Legal" Angels. - 18418
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