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Michael Jackson's children are still unable to benefit from the great legacy that their father left them.
After Jackson's tragic death, many are wondering who inherited the king of pop's vast fortune, estimated at $116 million. Despite being named in Jackson's will, his three children have not received anything from their father's inheritance due to a long-running legal dispute.
Michael Jackson's death in 2009, aged 50, dominated headlines around the world. In the years since his death, Jackson's fortune has continued to grow, reportedly bringing in half a billion dollars in just three years, according to media reports.
This is due to ventures such as This Is It, which brought in $60 million, a new $250 million recording contract, and Cirque du Soleil's successful Immortal World Tour, which won over $75 million in 2012.
Although Jackson's will, filed in 2002, wrote that the estate would be distributed to the "Michael Jackson Family Trust," with 20 percent going to charity, the rest going to his mother, Katherine Jackson, and a portion to his three children. his. But the distribution of wealth among three children is not that simple.
The situation is complicated by a dispute between Jackson and the IRS. Until this dispute is resolved, his children cannot access any of their $116 million inheritance.
Although his children have not yet received their full inheritance, they are said to be provided with a substantial sum.
However, Jackson's children are still deprived of their rightful inheritance. They receive an allowance from the estate to meet their needs and lifestyle, but unresolved legal disputes over Jackson's estate have left them without immediate access to the fortune their father intended for them.
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