Jackson estate generates over $310m

MICHAEL JACKSON’S estate has generated over $310 million (€225m) in the two years since the pop singer died deeply in debt, enabling executors to distribute a preliminary payment of $30m to Jackson’s mother and children, and to unnamed charities, according to recently filed court documents.

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.