Michael Jackson Reported Net Worth of $236 Million in 2007

Michael Jackson claimed to have a net worth of $236 million as of March 31, 2007, according to financial documents obtained by The Associated Press.

The documents give the most direct account of the state of Jackson's finances, which is expected to become the focus of a legal battle between the singer's family and creditors.

Jackson had $567.6 million in assets, including his Neverland Ranch, his share of the Sony/ATV Music Publishing catalog that includes the rights to songs by the Beatles, and an assortment of cars, antiques and collectibles, according to a statement of financial condition prepared by accounting firm Thompson, Cobb, Bazilio & Associates.

It has been reported that Jackson is in debt to the tune of $400-500 million, causing millions of people to wonder about what will be left for his three children Prince, Paris and “Blanket”.

Jackson’s mother Katherine has requested custody and guardianship for his three children. Reports are conflicting as to whether Jackson had a will or not.

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