DHAKA: Michael Jackson's estate is making more money five years after his death than he was at the prime of his career, said author of book Michael Jackson Inc on Wednesday.
The self-proclaimed King of Pop was struggling to avoid bankruptcy when he died on June 25, 2009. At the time, he was in rehearsals for a series of comeback shows he hoped would resurrect his earlier considerable wealth, The Telegraph reports.
It includes, but, in five years since, the Michael Jackson Estate – which runs his affairs on behalf of Jackson's mother and three children – has earned over $700m, according to a new book about the singer's business empire.
‘Michael Jackson is making more money now, five years after his death, than he had been since the prime of his career,’ Zack Greenburg, author of Michael Jackson Inc., told media.
He also said that Michael Jackson fans will place flowers on his grave in Los Angeles this week to mark the fifth anniversary of his death, and half a decade on, the pop icon's financial fortunes are positively blooming.
However, die-hard Jackson fans staged a flash mob on Sunday ahead of Wednesday's anniversary – when more are expected to pay their respects at the Forest Lawn cemetery just outside Los Angeles, where the pop megastar is buried.
BDST: 1515 HRS, JUNE 25, 2014