Michael Jackson’s children spend $8 million a year.

Michael Jackson’s children spend up to $8 million a year on tuition fees, living expenses, fancy holidays and custom-made jewellery and gifts for their friends, among other luxuries.
wacko jacko

The late King of Pop – who died of acute Propofol intoxication in 2009 – left behind children Prince, 17, Paris, 16, and Blanket, 13, who have allocated finances for their living expenses which are separate from the $1 million plus their grandmother Katherine receives to watch over them.

According to the New York Post’s Page Six, Prince’s $30,000 yearly tuition at a private school and the six-figure annual sum for Paris to stay at a therapeutic boarding school in Utah following her 2013 suicide attempt, are among the expenses.

A family insider also claims Prince has spent more than $50,000 on custom-made jewellery and other gifts to give to at least three different girlfriends.

The children enjoy up to three holidays a year to places such as Hawaii and Las Vegas, which cost about $350,000, including payments for bodyguards, family members, chauffeurs and first-class travel.

Meanwhile, Paris buys gifts for her friends at school and Blanket spends $200 an hour for karate lessons and more for a personal trainer.

The three also have a chef to whip them up meals at their $26,500-a-month rented mansion in Calabasas, California and they often dine out at trendy restaurants.

A source said: “These things that they’re doing they are mostly paying for themselves, with their own money. Look, they also get $15,000 to $20,000 every month just in walking-around money. No one else has that kind of dough around here.”

“This is why you have had so much of the fighting going on in the family. But the battles have calmed since their uncles have finally found consistent work and everyone has pretty much left [Katherine] alone about money.”

But the source insists although the children spend a lot of money they know when they’re splashing out too much.

They added: “They’re not [as bad] as their father [at spending money] … They also seem to have more of a sense as to when they may be going overboard.”

Connect with us

Latest Stories

Jose Chameleone gets fans dancing with superstar

Musician and East African Legend Jose Chameleone released the video for

Ali Kiba seduces fans on new single

“I never make music to compete with anyone; people compete with me and

D’banj goes french on “Comment Ca Va”

Fans of D’banj are in for a treat with his latest release “Comment

Jose Chameleone yearns for love on mshamba

"Najua mimi mshamba Wewe mwenye asali kanifundisha kuilamba" These poetic

#WeirdNews: Girl lets best friend sleep with boyfriend to avoid sex talk

A YouTube star let her boyfriend have sex with her best friend to put

Rock

Linkin Park frontman Chester Bennington found dead

Linkin Park frontman Chester Bennington has reportedly been found dead

Nothing But Thieves don’t want rock star image

Nothing But Thieves are keen to defeat the rock star image by carving

Kanye to be joined by Chris Martin, 2 Chainz at Glastonbury?

Kanye West will reportedly be joined by Chris Martin and 2 Chainz during

Florence + the Machine replace Foo Fighters at Glastonbury

Florence + the Machine have replaced Foo Fighters as Friday's (26.06.15)

Blur’s Alex James loves ‘smoking hot’ Taylor Swift

Blur's Alex James thinks Taylor Swift is "smoking hot" and admits he has

Hollywood

Hugh Jackman won’t star as Wolverine in Deadpool movie

Hugh Jackman has ruled out starring as metal claw-bearing mutant Wolverine

Vin Diesel explains his love of social media

Hollywood star Vin Diesel believes social media has helped to change the

Watch Leonardo Dicaprio’s “Before the Flood” Full Documentary

8months after winning his long-awaited Oscar honored for his work in The

Wolverine 3 named Logan

Hugh Jackman has shared a poster of the upcoming third Wolverine movie,

Ben Affleck’s Batman year and a half away

Ben Affleck’s standalone ‘Batman’ movie – which he writes, directs