Archive for July 30th, 2009

Michael Jackson’s Estate to Cover Debt

Posted by Sam on 30th July 2009 in Michael Jackson

Even though Michael Jackson died with a reportedly $400 million in debt, the late King of Pop is expected to be completely cleared from his debts with the money coming from his estate. The co-executors of the singer’s estate, Michael’s former attorney John Branca and music exec John McClain, say that they are in the process of wrapping up a few deals that will “generate tens of millions of dollars of revenues” for the estate. They have even set the wheels in motion for allowances to be distributed to Michael’s three young children, as well as his mother Katherine. However, Los Angeles judge has decided to wait until the guardianship hearing on August 3 to consider the allowances.

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Ex ‘N Sync boy, Joey Fatone, puts Florida estate up for sale

Posted by Sam on 30th July 2009 in singer

Former ‘N Sync boy, Joey Fatone, wants to get out of Florida and has put his remarkable estate up for sale for a cool $5.9million.

The six-bedroom house with eight baths features a home theatre, games room and office and sprawls over 12,000 square feet.

Fatone’s wife, Kelly, shares a master bedroom with him that contains a 53-foot closet and a fireplace. The Fatones’ entire estate which is near Orlando measures 4.3 acres and features a million-dollar swimming pool.

Fatone will soon host the Fatone Family Foundation’s 4th Annual Rock On The Moon & Sing With The Stars Charity Auction on July 30. Proceeds will go toward a music therapy program for children with cancer.

Source: Splash News