Amzar File

Michael Jackson Has Earned
$99 Million Since His Death



Written by BangShowbiz on Aug-15-09 12:28am2009-08-14T10:28:02

Executors of Michael Jackson's estate claim money from a film deal and merchandising contracts has "flooded" into Michael's bank accounts since he died in June.

They predict the pop superstar will make another $99 million by the end of the year, and expect him to overtake Nirvana rocker Kurt Cobain and Elvis Presley -- who have made $745 million and $599 million respectively from beyond the grave -- as the highest-earning dead celebrity in the next 12 months.

Lawyer John Branca, who is co-executor of Michael’s estate, said:
Clearly this will be a new record for estates that likely will not be broken. Elvis’s estate makes $54 million a year. This will be a bigger estate. Branca and fellow co-executor, music executive John McClain, have put together a series of deals for commemorative coins, school supplies, a coffee-table book and a film. They have also been retrieving funds held for Michael by anonymous creditors, thought to amount to "several million pounds," and tallying the value of the singer's property, memorabilia and art collections.

Meanwhile, law enforcement sources claim Michael's Dr. Conrad Robert Murray had Propofol hidden in the singer's house. Police officers found three large bottles and five smaller vials of the anesthetic stashed in a closet in Murray's bedroom at the star's Los Angeles home.

They also believe Murray received regular shipments of the powerful drug -- reportedly used to help Michael sleep, and believed to have played a part in his death -- through FedEx, which he then hid in other locations.

The search warrant used to raid the Las Vegas pharmacy frequented by Murray showed investigators were looking for FedEx records relating to "the purchase, transfer, receiving, ordering, delivery and storage of Propofol to Dr. Conrad Murray." Police were also looking for credit card receipts relating to a purchase of Propofol the doctor made in May.

-zimbio.com-