Michael Jackson's estate is a legally established entity responsible for managing his property and posthumous income. The estate's structure is based on Jackson's will, which designated trust overseers and executors, including John Branca and John McClain, who manage the estate's affairs. As of 2025, the estate is controlled by these trustees, with significant assets including the music catalog and other properties.
Ownership and Assets
- The estate's major asset has been Jackson's music catalog, which was sold to Sony for $600 million, though legal disputes surrounding the sale have persisted.
- The estate also owned Neverland Ranch for several years, which was sold to billionaire Ron Burkle at a significantly reduced price.
Recent Developments
- The estate continues to generate substantial income, with Forbes reporting earnings of $825 million in 2016.
- Legal disputes and estate management decisions, including the handling of the music catalog sale and properties like Neverland, highlight ongoing complexities.
Thus, ownership is effectively held by the estate’s trustees, with assets managed according to Jackson’s will and trust provisions, and significant properties and rights being controlled by this legal entity.