Jackson estate generates over $310m
Executors also disclosed that Jackson’s mother, Katherine, is putting the family’s fabled Encino compound up for sale and wants the executors to negotiate the purchase of a new residence for her and his children, Paris, Prince and Michael Joseph Jr, known as Blanket.
The Encino property, where Jackson grew up and where several of his siblings lived in a cottage near their parents’ home, was appraised at $4.15m in 2010 but has since undergone extensive renovation.