Katherine Jackson May Get Financial Backlash from Judge

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Katherine Jackson, the mother of recently deceased pop star Michael Jackson, is finding that her "side hustles" may get her into trouble. According to her agreement with the courts, she is set to receive $26,000 per month for living expenses, primarily based on need. This is likely under the presumption that her ability to make money on the side is somewhat limited, especially since Michael's death.


The great challenge for Katherine is that being the mother of Michael produces quite a few opportunities to make money. First, she recently held a fancy Michael Jackson memorial event at the Beverly Hilton Hotel charging up to $500 per ticket. She is also pushing an autobiographical scrap book about her life with her iconic son called, 'Never Can Say Goodbye,' co-authored by Howard Mann. Mann says that Jackson is receiving no less than $10,000 per month to promote the book, and may net as much as $10 million from the book's proceeds.

The death of Michael Jackson leads me to wonder if anyone was prepared for him to die. I wonder how much wealth the family has put aside, and how much of that massive income they may have saved since he started taking care of all of them. Given that the estate has earned $1 billion since Jackson died, I presume there's enough money for everyone. Will Katherine need that extra $26K from the Michael Jackson estate?

Dr. Boyce Watkins is the founder of the Your Black World Coalition and the author of the new book, "Black American Money." To have Dr. Boyce commentary delivered to your email, please click here.

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