In a surprising legal update, it was revealed that Paris Jackson has received about $65 million in benefits from her late father Michael Jackson’s estate.
Paris, 27, had earlier questioned the payments and bonuses given to the estate’s executors, claiming that some appeared to be “lavish gratuities” for people who were already well-paid. The executors, however, defended their compensation, saying they earned it through years of hard work and successful financial management.
They also argued that Paris herself has greatly benefited from their leadership, noting that her $65 million payout came as a direct result of their decisions.
According to court documents filed on October 14 and confirmed by People Magazine, the executors said few people have gained as much as Paris from their work. They state that when they took control in 2009, Michael Jackson’s estate was deeply in debt. Under their management, it grew into a $2 billion empire that now generates billions in revenue and remains a major force in the music industry.
Paris’s July petition accused the executors of overpaying themselves and other legal teams, pointing out that $625,000 was given to three law firms without clear explanation. She also argued that the executors were being compensated for “uncaptured time.”
In response, the executors stated that all payments were justified and made in exchange for the “extraordinary services” they provided, including a massive profit from the sale of EMI shares to Sony in 2018. They said that deal alone brought in more than $287 million in returns for the estate, proving that their financial strategies have really benefited Michael Jackson’s legacy and his heirs.
