Paris Jackson, the daughter of the late pop icon Michael Jackson, has been in the limelight since her birth. She has inherited a lot from her father, not just his good looks but also his immense wealth and legacy.
But just how much did Paris Jackson inherit? Let’s take a closer look.
Michael Jackson’s Estate
Michael Jackson was one of the most successful and wealthiest entertainers in history. He had an estimated net worth of $500 million at the time of his death in 2009. However, his estate has grown significantly since then due to various posthumous ventures, such as the release of new music, merchandise sales, and documentary deals.
The Jackson Family Trust
Michael Jackson’s estate is managed by The Jackson Family Trust, which was established before his death. The trust is responsible for managing and distributing Michael Jackson’s assets to his beneficiaries, including his three children – Prince Michael Joseph Jackson Jr., Paris-Michael Katherine Jackson, and Prince Michael “Blanket” Jackson II.
Paris Jackson’s Inheritance
According to reports, Paris Jackson inherited an equal share of Michael Jackson’s estate along with her two brothers. Her share is estimated to be around $100 million. While this may seem like a massive amount of money, it is important to note that Paris will not receive this money in one lump sum.
Trust Fund Payments
Paris and her siblings are entitled to receive regular payments from their trust fund until they reach a certain age. These payments are meant to cover their living expenses and education costs. The exact amount of these payments is not publicly known but is believed to be substantial.
The Future
As Paris grows older, she will have more control over her inheritance. She can choose how she wants to invest or spend her money.
In addition to her inheritance, Paris has also made a name for herself as a model, actress, and musician. She has been signed to IMG Models and has appeared in several films and TV shows.
Conclusion
In conclusion, Paris Jackson inherited an estimated $100 million from her father’s estate. While this is undoubtedly a significant amount of money, it is important to remember that she will not receive it all at once and will have to manage it wisely. With her talent and drive, there’s no doubt that Paris will continue to make a name for herself in the entertainment industry and beyond.