MJ`s children granted annual income of USD 8 million

PTI| Last Updated: May 08, 2014, 15:37 PM IST

London: King of Pop Michael Jackson`s children have been granted a total annual income of USD 8 million.

The late pop star, left behind three children when he died of acute Propofol intoxication in 2009 - 17-year-old Prince, 16-year-old Paris and 12-year-old Blanket - and the court that oversees their welfare has now allocated finances for their living expenses, reported Daily Star.

The expenses for the youngsters, who live with their grandmother Katherine Jackson and their cousin TJ Jackson in Los Angeles, California, breakdown as USD 3 million for their school fees, USD 300,000 for holidays and USD 600,000 for a personal security team.

The court has also authorised them to spend a further USD 200,000 a year from their late father`s estate on renting a mansion.

In addition to Paris, Prince and Blanket each receiving USD 15,000 a month in spending money, their legal guardian, Katherine, also receives USD 1.2 million a year for looking after them.