Jackson Inc. Clearing Debt Fast
In life, the Michael Jackson may never have cleared his $500 million debt. In death, nearly half of it has gone in one year. For example: When Jacko died he owed AT&T, the telephone company, about $1,300. By contrast, as fans prepare to mark the first anniversary of his death this Friday, the money earned by his estate from mobile phone ringtones in the 12 months since his passing will top $5m. And that’s just the beginning. Think his family are happy? Duh!
