Jackson Kids’ Allowance: $8M a Year
And boy, do they spend it
By Evann Gastaldo, Newser Staff
Posted Jun 9, 2014 10:06 AM CDT
As Michael Jackson’s estate grows in value, the yearly allowance his children Prince, 17, Paris, 16, and Blanket, 12, share has increased from $5 million to $8 million—and it sounds like they take full advantage of it. page six talks to sources including former Jackson friend Marc Schaffel, who’s now engaged to Jackson’s ex-wife Debbie Rowe, for details on how the kids spend their money:
- Prince has spent more than $50,000 on custom-made jewelry for three of his girlfriends, plus $40,000 on a new Ford pick-up truck. He wants to save enough money to buy back his father’s Neverland Ranch, currently in control of creditors with an asking price of $35 million.
Read more here…