Paris Jackson, known for her work as an actress, model, and musician, has amassed a net worth of $150 million. She is the second child of the late pop icon Michael Jackson, with an older brother, Prince Michael Jackson, and a younger half-brother, Blanket Jackson.
Both are widely believed to be the children of Michael’s former dermatology nurse, Debbie Rowe, while the identity of Blanket’s mother remains undisclosed. Together, the three siblings are the primary heirs to Michael Jackson’s highly valuable estate.
Paris Jackson’s early life was marked by intense privacy and scrutiny. She was often seen wearing a mask in public and faced relentless attention from paparazzi, which led to her being shielded from the public eye for much of her childhood.
After her father’s death in 2009, Paris began to emerge more publicly and has since shared her experiences, including her challenging childhood and experiences with bullying, on various talk shows.
In 2012, she was featured on “People” magazine’s Most Beautiful People list, and in 2017, she appeared on the cover of “Rolling Stone.” Paris has also been actively involved in philanthropy as an ambassador for the Elizabeth Taylor AIDS Foundation since 2017.
Inheritance
According to Michael Jackson’s will, his estate was divided as follows: 40% was allocated to his mother, Katherine Jackson; 40% was distributed equally among his three children (Paris, Prince Michael, and Blanket), giving each child an initial share of about 13.33% of the estate; and the remaining 20% was designated for various children’s charities.
Upon Katherine Jackson’s death, her 40% share will be divided among Paris, Prince Michael, and Blanket. This will increase each of their shares to approximately 26.67% of the estate.
At the time of Michael Jackson’s death in 2009, his estate was burdened with approximately $500 million in debt.
However, estate lawyers John Branca and John McClain orchestrated a remarkable financial recovery. Their efforts have generated over $2 billion in value for the estate.
A significant move was the 2016 sale of Michael’s 50% stake in the Sony/ATV music catalog for $750 million. This catalog includes a substantial collection of hits, including many by The Beatles.
In February 2024, Michael Jackson’s estate sold a 50% stake in the Mijac Music catalog for $600 million.
This catalog includes Michael’s own songs and tracks from artists like Sly and the Family Stone and Ray Charles. Primary Wave Music retained a 10% stake in the catalog both before and after the sale.
Approximately 15% of the sale proceeds are allocated to the estate’s executors, leaving the estate with an estimated $500 million after all costs and fees.
Before taxes, the $500 million from the sale would be divided as follows:
- $200 million to Michael Jackson’s three children, amounting to $67 million per child.
- $200 million to his mother, Katherine Jackson.
- $100 million to various children’s charities.
If the 50% stake in the Mijac Music catalog, valued at $1.2 billion, is divided according to the remaining $500 million:
- $192 million would be allocated to the children, with each child receiving $64 million.
- $192 million would go to Michael Jackson’s mother, Katherine Jackson.
- $96 million would be designated for charity.
This distribution reflects each heir’s proportional share of the catalog’s value after the sale and costs.
Real Estate Properties
In 2017, Paris Jackson purchased a 7-bedroom house in Topanga Canyon, Los Angeles, for about $2 million. She shared this home with friends, including Prudence Brando, Marlon Brando’s granddaughter, and model Ashley Danielle Craig.
In 2022, Paris sold the Topanga Canyon house for $2.3 million and subsequently bought a new house in Hollywood Hills for $4 million.
