Jacko Leaves Kids $33M Each

Family shocked at who is left out of will
By Evann Gastaldo,  Newser Staff
Posted May 31, 2010 12:06 PM CDT
Jacko Leaves Kids $33M Each
In this July 7, 2009 photo, Paris Jackson, left, Prince Michael Jackson I and Prince Michael Jackson II on stage during the memorial service for Michael Jackson at the Staples Center in Los Angeles.   (AP Photo/Mark J. Terrill, Pool, File)

(Newser) – Michael Jackson left his brothers, sisters, and father zip in his will…but gave his three children $33 million each. Prince, Paris, and Blanket (ages 13, 12, and 8) will have some access to the trust fund money starting at 21. By the time they can freely access a third of their share, at 30, they could each be worth as much as $300 million—and half a billion by age 40, when they get full access, News of the World reports.

Jackson left 40% of his $300 million estate to his children, 40% to his mother, and 20% to charity. Family insiders find it “strange” that even sisters Michael was close to were left out—and that mother Katherine has not yet received her $99 million. A source says there are “many mistakes,” like spelling errors, and “the family are staggered that Michael signed—or even agreed to” the will.
(Read more Michael Jackson stories.)

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