Michael Jackson’s Estate Received $5.5 Million and Personal Property
by This article cover the millions in cash and a vast quantity of property was turned over to the Estate.
Dr. Tohme Tohme, a financial advisor to Michael Jackson for the past 18 months, advised the Associated Press (AP) in an interview, that he turned over $5.5 million, and a vast amount of Michael’s personal property, to the administrators of Michael’s estate.
He explained that the $5.5 million represented residual income earned by Michael from recordings, which at the time Michael requested that he keep it as a secret between them. He advised that Michael wanted to use the money to purchase a dream home in Las Vegas, and he was in the middle of negotiations to purchase the home, when Michael died.
The vast amount of personal property he turned over was from Michael’s Neverland Ranch, and which was originally scheduled for auction. It is reported that he also said that he was instrumental in saving Neverland from foreclosure, and more recently negotiated the deal with AEG for the London “This is It” Tour.
This development was significant, because the administrators in court filing indicated that the $5.5 million, and the personal property, played a significant part in the solvency of the estate.
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