King of Pop or King of Debt?million in debt at the time of his death.

Reportedly, the King of Pop accumulated the debt through the combination of his legal troubles, health condition, and lavish lifestyle.

Jackson purchased the 2,500-acre Neverland Ranch for $14.6 million in 1988. By 2008, he was

on the verge of foreclosure until receiving aid of an undisclosed benefactor.

Jackson is credited as the pop star who drove the popularity and success of music videos as a genre. He is best known for his 1982 hit, “Thriller”. At the peak of its run, the “Thriller” music video was played every hour on the hour on MTV.

Activity – King of Pop’s Payment Plan 1. The King of Pop sold more than 61 million albums in the US over the course of his

career. If the average cost of a CD is $15, what was the total amount of Michael Jackson’s US sales during the course of his career?

2. IfMichaelJackson’s$400milliondebtcanbepaidoverthenextfiveyearsinmonthly installment payments from his estate, what will the payments be?

3. Michael Jackson’s estate is said to be worth about $236 million right now. What percentage of his debt can be paid by liquidating it?

Despite having won 13 Grammy and having sold over 61 million albums in the US, Michael Jackson was reportedly $400

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