If you are reading FoxNews.com then you have seen that Michael Jackson’s monthly expenses while living and up keeping the Neverland Ranch, was costing the celeb almost $2.5 million a month to maintain. All of this for a mansion, some carnival rides, and a zoo? I “can see” where he was coming from…NOT!!!!

The article on FoxNews.com says….”Michael Jackson left behind a legacy of being an amazing artist but he also left behind $400 million worth of debt. And as the man who had the best-selling album of all-time (”Thriller”), has had the most No. 1 singles on the Billboard charts of any male and has won more awards than any other artist, many are asking how on earth he managed to rack up so many unpaid bills?

Michael Jackson had not put out any significant new material since 1997. He had racked up tens of millions of dollars in legal fees. These fees came from his child molestation trial. Michael Jackson was also notorious for his spending. FoxNews.com reported he had 75 card registered under his name.

Documents filed in Los Angeles Superior Court provide a glimpse into Michael Jackson’s lifestyle. Jackson spent $95,700 on gardening for Neverland Ranch. $51,900 for security costs. It cost $66,200 to upkeep Michael Jackson’s famous zoo/amusement park. His housekeeping and PR expenses stood at around $60,200. Total monthly household expenses equaled $358,600.

Michael Jackson had also racked up unbelievable personal expenses. His personal/property insurance cost $120,000. He spent $25,600 caring to his medical needs. Michael Jackson was also a gift giver. He spent $42,600 on gifts. Yet, he only spent $100 a month on entertainment. I guess the entertainment does not count Neverland Ranch. The dollar figures came from FoxNews.com.

Michael Jackson’s monthly expenses were staggering. It cost $2,339,300 to live the life he had built. Even for a Double Diamond superstar, that is a crippling amount of money.

While my degree in Accounting is yet to be official, I can still add and subtract. Almost $30 million a year just up keeping the Neverland Ranch? Are you serious? This does not even include his other guilty pleasures. Plastic surgery, anesthesia, narcotic pain pills, underage slumber parties, and the cost of lawyers to fight off “child molestation charges.” When you start racking up more bills then your total combined income, you will eventually find yourself in debt. I think Suze Orman would agree with me on this.

So, R.I.P. MJ, and stay away from the “Little Angels.

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