Jacko Leaves Pile of Debt

Could have recouped losses with comeback
By Matt Cantor,  Newser Staff
Posted Jun 26, 2009 10:00 AM CDT
Jacko Leaves Pile of Debt
In this Aug. 25, 1993 file photo, American pop star Michael Jackson performs during his "Dangerous" tour in Bangkok.   (AP Photo/Jeff Widener, file)

Michael Jackson died deep in debt, Reuters reports: Wall Street Journal sources put the figure at $500 million earlier this month. The entertainer and his managers had hoped a planned concert series this summer would refill his coffers. Still, Jackson’s copyrights to his songs and his stake in the Beatles’ catalog are said to be worth more than $1 billion.
(More Michael Jackson stories.)

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