It was originally reported that Katherine Jackson will receive 40 percent of son Michael Jackson’s estate with 40 percent going to the late singer’s children and 20 percent going to charity. However, it is ultimately up to the trustees to decide the amount of money to go to the beneficiaries. Regardless of not receiving her whole share from the get go, Katherine has plenty of cash as she’s getting a large allowance at the moment and once the trust is active, she will receive more. Whatever remains in her trust at the time of her death will automatically go to the King of Pop’s kids.
Michael Jackson is about to double his net worth by the end of the year with earning close to $200 million dollars in 2009. And there are still a couple of months to go before the end of the year! The rise in the funds for the singer’s trust will be a result of the dozens of merchandise ventures of the last few weeks as well as the upcoming film project that was recently approved. A brand new song will also be released to go along with the film. It is also being said that there are about 60 completed recordings that can find its way to new albums down the road. The King of Pop lives on!