Perhaps even the King of Pop himself could go for payday loans. Michael Jackson, who hasn’t released any new material since 2001, has gotten deeper and deeper into debt over the last 7 years. Even though he released the best selling album of all time (Thriller), and the only people who have comparable sales are Bing Crosby, Frank Sinatra, Elvis, and the Beatles, he has effectively been cutting himself (and his nose) off from the world, becoming the most high profile recluse since Howard Hughes, and the only attention he’s been getting consistently is for legal and financial trouble. Just recently, Jackson had to put even more of his property on the auction block to be able to cover his costs. 
Gates of Neverland go up for sale
It was just announced that a five day auction of items belonging to Jackson will go up for sale in Beverly Hills in the month of April, and that included in the auction were the gates to his Neverland Ranch, which he barely avoided a foreclosure sale on, and the white glove featured in the music video for his hit song “Billy Jean.” He switched the title of the ranch from sole ownership (himself) to a joint ownership between him and a company he founded to run the ranch for charitable purposes, barely avoiding having the ranch sold out from under him as a result of insufficient payments, which some people avoid by getting payday loans.
Most of the attention Michael Jackson has gotten over the last few years has largely been on his legal problems, his invitation to and then eviction notice from the royal family in Bahrain, and now his financial woes. Jackson has been tried for child molestation, and just recently, he was sued by a member of the Bahraini royal family for a book and an album he was supposed to put out in exchange for living expenses and other treatment that he never delivered on. The parties settled out of court just recently.
Jackson has released several compilations since his last album of all new material in 2001, most of which hit multi-platinum status worldwide. To this day he continues to be one of the best sellers worldwide, even though it has been over 7 years since an original track has been released by the artist, and he hasn’t been on a tour of any kind since 1997. His other live appearances have been sporadic at best, not appearing in concert for over five years.
Sources say that he has lived beyond his means for years
According to the auctioneer, Jackson’s sale of personal items is not a forced one, and that he is just more or less cleaning house. However, many believe that Michael Jackson has lived beyond his means for far too long, and now it is beginning to catch up with him. Well, I’m not his accountant, but it would certainly look like he needs some extra cash. If that isn’t the case, then good for him, however, the rest of us have to live well within or below our needs, and spend wisely. Remember, if we have a drop in available funds due to a sudden expenditure – we can get payday loans if we choose to do so.
He was never tried twice for the charges.
The first case has never made into the courtroom because tom sneddon has no evidence after millions were spent, few hundreds visitors interviewed, MJ’s DNA tested, list goes on. It was pathetic
I agree. He was absolutely spending more money than what he was making. Whether it was spent on fancy accessories, legal affairs or call girls, Jacko should have invested some of his money into something that could have done him some good down the line. We should never go “wacko” on our finances, especially if we are undergoing something that requires a lot of money, like his battles in the court house. It’s just plain commonsense.
Michael Jackson is extremely talented and has invested his money into many lucrative deals (i.e. the Beatles catalog) that make him millions of dollars a year and he doesn’t have to lift a finger. Like everyone with lots of money, it take lots of money to manage it because everyone wants a piece. Let’s not forget that MJ has given millions and millions to charity and done for more good in this world than most in his shoes. We should give him a break, he’s been entertaining the world for over 40 years now. He may be weird, but that’s his right.
Lastly, this Blog need to correct it’s story. Michael was tried once and was cleared of all charges.
nolabiz, I agree. MJ is not, and will never be broke!
I write this article when he went from life.
Now there is an information about he left to his children about 60 million dollars debt. It’s not clear to me how it will be for them. What should they do?
About it I know one saying:
It is a lot of money many to spend – and what for to you many to spend!
And it is a pity to me of so talented singer.
Respect on eyelids.