Michael Jackson’s kids spend US$8 million a year
MICHAEL Jackson’s children spend up to US$ 8 million a year.
The late King of Pop - who died of acute Propofol intoxication in 2009 - left behind children Prince, 17, Paris, 16, and Blanket, 13, who have allocated fi nances for their living expenses which are separate from the millions their grandmother Katherine receives to watch over them.
According to the New York Post’s Page Six, Prince’s US$ 30,000 yearly tuition at a private school and the six-fi gure annual sum for Paris to stay at a therapeutic boarding school in Utah following her 2013 suicide attempt, are among the expenses.
A family insider also claims Prince has spent more than US$ 50,000 on custom-made jewellery and other gifts to give to at least three different girlfriends.
The children enjoy up to three holidays a year to places such as Hawaii and Las Vegas, which cost about US$ 350,000, including payments for bodyguards, family members, chauffeurs and firstclass travel.
Meanwhile, Paris buys gifts for her friends at school and Blanket spends US$ 200 an hour for karate lessons and more for a personal trainer.
The three also have a chef to whip them up meals at their US$ 26,500-a-month rented mansion in Calabasas, California and they often dine out at trendy restaurants.
A source said: “These things that they’re doing they are mostly paying for themselves, with their own money. Look, they also get US$ 15,000 to US$ 20,000 every month just in walkingaround money. No one else has that kind of dough around here.”
“This is why you have had so much of the fi ghting going on in the family. But the battles have calmed since their uncles have fi nally found consistent work and everyone has pretty much left ( Katherine) alone about money.” — BANG Showbiz