Jackson leaves over USD 33 million each for his kids

Updated: May 31, 2010, 09:14 AM IST

London: Pop icon Michael Jackson has reportedly left his three children USD 33 million each, according to his will.

The `Thriller` hitmaker has set up trust funds, which could make his children billionaires in the future. But Prince, 13, Paris, 12, and Blanket, 8, will be at least 30 before they can get their own hands on the money, reported News of the World.

Under the terms of the Michael Jackson Family Trust fund, first drafted before he had children, and signed off in 2002, the three kids are today each worth USD 33 million.

Jackson`s mother Katherine is entitled to USD 99 million from the legacy, but he has left nothing to his other family members including his father, brothers, sisters and former wives.

"Michael had his fallings out with his father and brothers but, being the generous soul he was, it`s almost unbelievable he left them with nothing," a family insider said.

The 23-page file shows how Jackson`s legacy has been completely transformed since he died drug-addled and heavily in debt on June 25 last year.

Lawyers running his estate have managed to cash in on his death to push his bank balance back into the black. Movie, music and other deals have made his estate worth an estimated USD 300 million.

PTI

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