Michael Jackson leaves children $33m each

Michael Jackson has left his children more than $33 million (£23 million) each, according to his will.

The News of the World has published the popstar's will, which leaves his sisters, brothers and father with nothing.

It sets out that the singer's three children, Prince, 13, Paris, 12, and Blanket, 8, will receive 40 per cent of his estate, which lawyers have brought back into the black after Jackson died on June 25th last year millions of dollars in debt.

Now, his estate is worth an estimated $300 million from deals made after his death.

The newspaper revealed that the children will not, however, be able to access their funds until they turn 30 years as it is in a trust fund, which will gain further interest.

They can apply for trustees to allow them access to funds when they turn 21.

Jackson's mother, Katherine, who is the children's legal guardian, has received 40 per cent of the estate and 20 per cent has been given to charity.

Posted by Morag Lyall

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Published on: June 1, 2010

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