5 Things to know about Michael Jackson's estate

Published on NewsOK Modified: June 20, 2014 at 7:55 am •  Published: June 20, 2014
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Michael Jackson's death on June 25, 2009, stunned the world, and sparked nostalgia for the singer's music that has transformed his image and catapulted his estate to the top of earnings charts. The success of the estate was not a foregone conclusion. By the time of his death at age 50, Jackson was deep in debt and his image was tarnished by child molestation allegations, despite his acquittal.

Here's a look at the estate and how it's refurbished Jackson's image to provide for his family in the past five years:

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NOT ALL IN THE FAMILY

Jackson's 2002 will calls for his estate to support his mother, Katherine, and his three children, while leaving nothing for his siblings and his father.

The will also left Katherine Jackson as the primary caretaker of his children, Prince, Paris and Blanket. The four receive a stipend and the estate pays for the children's education, vacations, and a mansion in the celebrity enclave of Calabasas. Through the end of 2012, Jackson's estate paid nearly $20 million to support his mother and children.

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STILL A CROWD PLEASER

Jackson's death returned him to the top of the record charts and quickly generated hundreds of millions of dollars through deals for new albums and a movie created from his final rehearsals for his planned "This Is It" comeback concerts.

Jackson's posthumous album "Xscape" debuted at No. 2 on the Billboard 200 chart when it was released last month, and a touring Cirque du Soleil show based on his music has played nearly 500 shows. All that translates into major money for Jackson's estate, which generated more than $600 million in gross earnings through 2013.

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HEIRS GROWING UP

Jackson shielded his children from the public eye when he was alive, but the trio are now familiar faces after appearing at memorials and award shows.

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