New Ruling on Michael Jackson Estate Says It's Worth Under R6 Billion
- A new ruling on the King of Pop Michael Jackson estate suggests that the late star is worth just under $4.15 million (R6 billion)
- Judge Mark Holmes found that the Smooth Criminal hitmaker's valuation dropped after his passing in 2009
- The judge also added that MJ's image had been affected by accusations of child molestation
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A new ruling on Michael Jackson's estate has revealed that he's worth at $4.15 million (just under R6 billion).
US Tax Court Judge Mark Holmes found that the King of Pop's valuation dropped significantly following his death in 2009. The judge said Jackson's image has continued to drop ever since.
Source: Instagram
According to Variety, Holmes ruled that Jackson's image had also been affected by the child molestation allegations levelled against him.
"We must decide how what he did and is alleged to have done affected the value of what he left behind."
Complex reports that Jackson's estate has been embroiled in a legal showdown with the Internal Revenue Services over taxes owed. The publication said Holmes' ruling would cut down the estate taxes bill that Jackson’s mother and children will have to pay.
The estate had ultimately said their valuation was $5.3 million and the IRS said it was $482 million.
In other entertainment news, Briefly News reported that Will Smith took to social media recently to share that he is in the worst shape of his life amid the Covid-19 pandemic.
The Hollywood superstar posted a shirtless photo of himself on Instagram on Monday, 3 May. In the pic taken near a pond, the Bad Boys actor is donning nothing but a pair of slippers, tight shorts and a blue jacket with no shirt underneath.
Will's belly is out there for the whole of his 53 million followers to see. The talented thespian captioned his post:
"I’m gonna be real with y'all - I’m in the worst shape of my life."
The movie star's peers in the film and entertainment industry took to his comment section to react to his post. Many encouraged him to start working out so he could get back to shape. Check out some of their comments below:
Arnold Schwarzenegger commented:
"Will, you poor baby, I’m crying for you, even though you’re still in better shape than 90% of America. Keep pumping!"
Michael Bay said:
"Well...let’s get the band back together?? Bad Boys Final chapter. You’ll get in shape I guarantee you!"
Tank Sinatra wrote:
"Let me be real with you. You’re 52. You look great."
Nia Long said:
"You still got it baby!!!"
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Source: Briefly News
