What is Prince Michael Jackson's Net Worth?
Prince Michael Jackson is an American teenager who has a net worth of $150 million. Best known as the eldest son of Michael Jackson, Prince Michael Jackson is not to be confused with Prince Michael Jackson II, his younger half-brother, who is also known as "Blanket" and "Bigi" Jackson. The three siblings are Michael's primary heirs to what has turned out to be an extremely valuable estate. More details on his estate value, assets, and status in the next section below.
Over the years, Prince has appeared in a range of TV shows as both an actor and a television personality. Although Prince has apparently made an effort to "make his own way" in life, his identity remains in the shadow of his father, the legendary "King of Pop." It is unlikely that he will ever emerge from this shadow and all of the controversy associated with Michael Jackson's life.
Inheritance
According to the terms of Michael's will, he left a 40% interest in his estate to his mother. He left 40% to his three children. The remaining 20% was left to various children's charities. Upon Katherine's death, her 40% will go to Paris, Prince Michael, and Blanket, eventually giving them 80%, or 26.7% each.
At the time of Michael's death in 2009, his estate was technically in debt to the tune of $500 million. Over the ensuing years, his estate lawyers, led by John Branca and John McClaine, performed a miraculous financial comeback that has generated over $2 billion. For example, in 2016, they sold Michael's 50% share in the famed Sony/ATV music catalog, which owns most of the Beatles' biggest hits among many, many other tracks, for $750 million. In February 2024, they sold a 50% stake in Michael's Mijac Music company for $600 million. That catalog owns Michael's own tracks, as well as thousands of other songs from artists like Sly and the Family Stone and Ray Charles. Primary Wave Music maintained a 10% stake before and after this sale. An estimated 15% of the sale will go to Michael's estate executors, leaving the estate to split proceeds of roughly $500 million after all costs. Before taxes, $500 million would presumably be split up as:
- $200 million to his three children, $67 million per child
- $200 million to his mother
- $100 million to charity
Furthermore, each heir would be left with the following paper stakes in 50% of a catalog valued at $1.2 billion:
- $192 million for the children, $64 million per child
- $192 million for his mother
- $96 million for charity
Early Life
Michael Joseph Jackson Jr. was born on February 13th, 1997, in Beverly Hills, Los Angeles. His mother is Debbie Rowe, a dermatology assistant who married Michael Jackson in 1996. Prior to the marriage, Rowe had expressed a desire to bear Jackson's children when she learned of his failed marriage with Lisa Marie Presley. Allegedly, she had expressed these desires even while Jackson and Presley were married.
Rowe has stated that she was artificially inseminated, although she initially refused to reveal any details of her son's conception. This has sparked many rumors, and there are some who claim that Prince is not his father's biological son. Some state that his real father is actor Mark Lester, while others claim it is dermatologist Dr. Arnold Klein. With all that said, Prince has stated that no matter what, he sees himself as his father's son because he was raised by him alongside his siblings.
After Michael Joseph Jackson Jr. was married, he was quickly nicknamed Prince. His father quickly took sole custody and assumed full parental responsibilities. By 1999, he and Rowe had divorced, with Jackson taking full custody rights. Although Prince's mother reportedly received an $8 million settlement and a house in Beverly Hills, she had signed a "rock-solid" prenuptial agreement and, therefore, had no access to Jackson's real wealth.
Whisked away to the Neverland Ranch, Prince rarely saw his mother as a young boy. He was raised primarily by a "team" of six nannies and caretakers. By 2004, Michael Jackson has been charged with ten counts of child abuse. Debbie Rowe became concerned and sought to play a more central role in Prince's life – although she had previously terminated her legal parental rights in 2001. Nevertheless, she sought to have the decision reversed and eventually won additional access to her children. However, Prince allegedly refused to call her "mother."
When Michael Jackson passed away in 2009, his mother Katherine was granted guardianship of Prince and his siblings Paris Jackson and Blanket Jackson. In the years since he has allegedly been involved in many disputes over his father's estate with the rest of his family. His godparents are actors Macaulay Culkin and Elizabeth Taylor, both of whom were friends with Michael Jackson.
Kevin Winter/Getty Images
Career
For the most part, Prince lives a very private life and rarely appears on television. Perhaps one of his most notable appearances came during his father's funeral when he sang on stage with his family. However, he declined to give a speech, unlike many of his family members.
In 2003, he appeared in the documentary "Living with Michael Jackson." In 2009, he appeared in a live telecast of his father's memorial service. One year later, he was spotted at the 52nd Annual Grammy Awards. Also in 2010, he appeared on "The Oprah Winfrey Show," speaking with Oprah about his experiences over the years alongside his siblings and his grandmother, Katherine. In 2011, he made another brief appearance on "The X Factor." In 2013, he appeared once again on "Entertainment Tonight." That year, he also appeared in his first acting role – playing the role of Cooper in an episode of "Beverly Hills 90210." Although this was his first acting role, it's not clear whether he will ever act again.
(Photo by James Coldrey/Getty Images)
