Did you know Michael Jackson owed millions of debt before dying?
Image credits: X/Michael Jackson
Michael Jackson
It's been 15 years since the King of Pop, Michael Jackson passed away.
Image credits: michael jackson instagram
His death
The late iconic singer, who died of cardiac collapse in Los Angeles at the age of 50, owed more than $500 million, according to the Los Angeles Times.
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Financial struggles
According to a court petition by the pop superstar's estate, which discloses his financial struggles near the end of his life.
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The debt
According to the lawsuit, Jackson owed approximately $40 million to tour promoter A.E.G.
Image credits: michael jackson instagram
The debt
The filing was issued in Los Angeles County Superior Court this month and was previously reported by People magazine.
Image credits: michael jackson instagram
The debt
65 creditors filed claims against the musician following his death, some of which ended in lawsuits, and some of his debt was "accruing interest at extremely high interest rates."