Michael Jackson passed away on June 25th, 2009 due to a drug overdose of sleeping medications in his rented Beverly Hills home while preparing for his upcoming concert tour based in London, “This Is It”. He was 51.
Michael Jackson may have been the “Dancing Machine” in life, but in death, he’s the money makin machine. Since his death in June of 2009, his estate has grossed a mere $500 million dollars in profits from deals including upcoming posthumous albums , “This is It” (behind the scenes of his tour practise), memorabilia, everything. The shocking thing is that his estate is only beginning to make the cash money, since that half a billion is going towards paying down the massive debt MJ left for the executors to slowly extinguish, which they are doing with flying colours. All excellent news. As time goes on, his children’s financial future can only become stronger and stronger. Sounds good right? Wrong!
The Jackson siblings (most of them) are waging a war against the “Michael Jackson Estate”, it’s executors and the will upon which the estate is based. Aaaaaand it’s all about the money. Publicly, they deny this of course.
Posthumously released, “This is It” captured Jackson and his entire crew as they prepared for their upcoming concert series with a duration of 50 shows. Grossing over 260M+ worldwide, it is the most successful musical documentary of all time.
Earlier this week, Jermaine, Randy, Tito, Marlon, Janet and Rebbie Jackson signed and released publicly (mistake #1) a letter to the executors of the estate John Branca and John McClain (not Bruce Willis character), demanding they resign from their posts for shady behaviour and greedy motives in terms of money (ironic coming from the Jackson siblings!). The siblings in their delusion, believe the will MJ signed was a fake, and that the executors had concocted the will for their own financial benefit once MJ had died. They also claimed that the MJ Estate execs had caused their mother stress to the point of a stroke because of money flow issues. Subsequently, Katherine Jackson, mother of the Jackson dynasty and guardian of MJ’s children, was whisked away to Arizona to a “spa” earlier this week by the Jackson siblings during this public ordeal, leaving the MJ children and the people around them in the dark as to why and where she went.
Obviously a purposeful ploy to turn Katherine against the Estate and join in on the douchebaggery/ effort to overthrow the estate.
At that point, the crazy train was just leaving the station. After Katherine’s sudden removal from the home and the state of California, there was violence at the Calabasas house of Prince Michael, Paris and Prince Michael II “Blanket” (paid for by the Estate) involving security and Randy/Jermaine Jackson. The children were entering the property in a black SUV (pretty sure it was an Escalade), and following immediately behind them (extremely close) in another black SUV was Jermaine, Randy and Janet Jackson, allowing their vehicle to pass the gate without permission. With cameras capturing all the action, videos were released showing Janet confronting MJ’s teenage daughter Paris near the front door of the house, demanding her cell phone (Paris has been tweeting about the situation on Twitter throughout the week). It is seen in the video that Janet lunges toward Paris in an unsuccessful attempt to grab the phone, causing Paris to storm inside the house. Once in the house, it is reported that a physical altercation broke out between Trent Jackson (head of security at the house), Jermaine and Randy Jackson, leaving Jermaine with a busted open lip and Randy in a headlock. A war of words between Paris and her auntie Janet also occurred, with Paris proclaiming that this was her house, not the Jackson Family compound, therefore everyone needed to leave immediately. Yeah, I left out a few “fuck” words in her proclamation. Janet allegedly responded by calling Paris a “spoilt little bitch”, and slapping her across the face. (Makin poppa Joe Jackson proud?) A slap that was reciprocated by Paris right back to her superstar aunt. Sounds like an episode of a “Real Housewives of New Jersey”!
Meanwhile, back in Arizona, Katherine Jackson is oblivious to all this happening and clearly not fulfilling her role as guardian of the children. After news of all this broke, Katherine was notified and immediately fired the security team (the team had been with the family for YEARS), and demanded Janet Jackson’s security team replace them. Brainwash, brainwash, brainwash. It is reported that the Jackson siblings stuck the idea in Katherine’s head that Trent Jackson and the rest of his security team had shady motives (unclear ones) and were supporting the MJ Estate and the executors, which is a big no-no in the “Brainwash Mommy 101″ handbook. The siblings felt Trent and his team were coercing Katherine into supporting the Estate, which ultimately meant she would not side with her children in overthrowing the executors and the will = no payday for the siblings. Mix that in with Katherine temporarily losing guardianship of the 3 MJ children to Tito Jackson’s oldest son TJ (a court process strongly supported by Prince, Paris and Blanket), it was a tough week for the Jacksons.
Well, the plan is completely crumbling before the Jackson’s money hungry eyes. Days after signing the letter and having the world realize once again what the siblings have a reputation for, Tito and Marlon Jackson denounced their signature on the letter and came back to reality. Jackie Jackson, the oldest of the siblings, strongly disapproved of this action the whole debacle and is apparently furious at his younger brothers and sisters for what they have been trying to do. And having Katherine losing guardianship temporarily (possibly permanently) to TJ Jackson means that any support financially going to Katherine (she typically received $70,000 a month) has effectively been cut off. This is bad because part of the siblings’ eventual plan (after getting rid of the executors and placing Randy Jackson as new executor) was to massively increase Katherine’s support in the millions. Why was this important? Well, Katherine has allegedly been sending cheques to some of her strapped for cash children, and she is heavily relied upon to give out money. Therefore, the more money headed toward Katherine, the more money she has to give out. Money from the Estate meant for Katherine to maintain Michael’s kids’ lifestyles. Not to mention the amount of $$ the greedy Jacksons could stand to receive once she finally kicks the bucket.
Can you believe this? I don’t know what’s more shocking. The fact that most of these Jacksons are so openly out for money, or the fact I have written all of this without checking an entertainment website once! This has been in the news all week, and I’ve been soaking it all up one day at a time. It makes me feel for Michael. If the family is so relentlessly out for his money in death, could you imagine how unbearable they would have been when MJ was alive? That’d make me want to take Demerol and all the sleeping medications I could too. Hating on the executors makes no sense to me personally. These two men have been operating the estate like a business and killing it! $500 million in 3 years and they should resign? Where is the sense in that? Exactly, it makes no sense, and shows where Jermaine, Randy, Janet and Rebbie’s priorities are at. Not hard to figure out where Michael got the inspiration for the song “Money” from….
Funny thing is, even if the current will is found invalid, the siblings would STILL GET NO MONEY as they are not mentioned in Jackson’s previous will. They were screwed from the beginning, and ended up making themselves look terrible in the process. It’s unfortunate, but I think it’s a good thing MJ’s kids are learning the ways of their family early on. Moving forward, I cannot imagine they’ll forget who did what these past couple weeks and hopefully, they’ll be smart with the insane amount of money will each be waiting for them that their father left.
Best part of the story? It isn’t over yet! Stay tuned.
Meet the Jacksons! From the top left: Katherine, Prince Michael II “Blanket”, Paris, Prince Michael, Tito, Rebbie, Randy Jackson from American Idol (simple mistake anyone would make), Jackie, Latoya (surprisingly absent in all this mess), Jermaine, Janet and Marlon.
Meet the Jacksons.