Michael Jackson needed tour money for house

Jun 13 2013, 6:24am CDT | by

Michael Jackson needed tour money for house

Michael Jackson needed the money from his This Is It shows to buy a house.

The 'Thriller' hitmaker once had millions of dollars - generated by selling an estimated 200 million records in his unparalleled music career - but during the ongoing wrongful death lawsuit his family have brought against promoters AEG on Wednesday (12.06.13) it became apparent his fortunes were dwindling.

AEG executive, Randy Philips, told the court how the singer had planned his 50 date comeback residency in London, to make enough money to buy a home for him and his three children, Prince Michael, 16, Paris, 15, and Blanket, 11, as he was fed up of them "living like vagabonds."

Randy added he had an emotional meeting with Michael in 2008 where the singer insisted he was tired of shuttling from a rented house in Las Vegas, Nevada, to a hotel in Los Angeles, California.

When the pair met the next day, Michael then insisted he wanted to buy a 40,000 square-foot mansion costing a staggering $93 million, but didn't have the cash. After persuading him it would be a ridiculous decision to blow the money on the plush property, Randy said Michael eventually settled on renting the home where he eventually died, from acute Propofol intoxication, just days before his comeback was scheduled to start.

The Jackson family are suing AEG Live for hiring and not properly investigating Dr. Conrad Murray, who was convicted of involuntary manslaughter for supplying and administering the medication which killed Michael in June 2009.

Source: Bang Showbiz

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Zayn Malik will Launch his Solo Album under Simon Cowell's Syco Label in 2016
Zayn Malik will Launch his Solo Album under Simon Cowell's Syco Label in 2016
Simon Cowell told Zayn Malik that he will remain a part of the Syco label and his first solo album will be released under the label.
 
 
Tim Cook to Donate all of his Wealth to Charity after Death
Tim Cook to Donate all of his Wealth to Charity after Death
After the legendary Steve Jobs, Tim Cook has led the company to even greater heights.
 
 
Hugh Jackman Announces Wolverine's Final Curtain Call on Instagram
Hugh Jackman Announces Wolverine's Final Curtain Call on Instagram
Hugh Jackman's iconic role as Wolverine looks to be ending after posting a picture on his official Instagram. No one knows for certain why, but the internet is scrambling to explain anyway.
 
 
Mom of 3's Post Pregnancy Bikini Pic goes Viral
Mom of 3's Post Pregnancy Bikini Pic goes Viral
Rachel Hollis posted a pic on The Chic Site official Facebook page in a bikini flaunting her post pregnancy body and earned the support of millions of people.