Michael Jackson’s Kids Set To Inherit $1.74 Billion When They Turn 30

Among those making money on the pregnancy, it’s been repeatedly suggested that Debbie Rowe was paid to breed Michael’s children. She’s repeatedly denied this — but admitted there were certain natural benefits to being Mrs. Michael Jackson, a title she said she assumed for only one reason.

“To prevent some of the taboo of a child out of wedlock. The kids were going to have it hard enough as it was, and they didn’t need to have that label upon them like their father has had so many placed upon him, they shouldn’t.”

While Jackson was on tour for the “HIStory” release in Australia in 1996, Rowe and Jackson wed in a private ceremony.

Birth of “Prince” Michael Jackson, Jr.
Jackson and Rowe’s first child together, Michael Joseph Jackson, Jr. (also known as “Prince Michael”), was born on February 13, 1997, at Cedars-Sinai Medical Center in Los Angeles. The baby was named after Michael’s grandfather and great-grandfather, who were both called Prince.


After Rowe and Jackson cut the baby’s umbilical cord together, Prince was taken to intensive care, where he spent five hours with only minor problems. He was subsequently taken by his father to Neverland Ranch. Prince’s mother recuperated at a friend’s house upon her release from the hospital.

Six weeks after the birth, Rowe saw her son for the first time since his arrival into the world. She had met with Jackson to pose for photographs with their newborn son at a hotel. Upon arriving, Rowe was ushered into the hotel room, where she was given the infant to hold and told to smile for the camera with Michael. Afterward, she was sent on her way. Rowe did not want to become too attached to Prince, as she felt it would make her situation harder to deal with. At Neverland, Prince was cared for by a team of six nannies and six nurses during his first few months. According to one nanny who worked at the Californian ranch, Prince Michael’s mother was not a significant presence in the child’s early life. “I saw her maybe three times and she seemed very sullen.”
. Jackson’s two eldest children, Prince Michael and Paris, are photographed posing with their mother Debbie Rowe.
Second pregnancy and birth of Paris-Michael Jackson
Rowe announced that she was pregnant with Jackson’s second child in November 1997.

The baby was to be a girl and named Paris, after the French city in which her parents said she was conceived. On April 3, 1998, blue-eyed Paris-Michael Katherine Jackson was born. Her middle names come from Michael and his mother, Katherine.Jackson later claimed that he was so anxious following the birth of his daughter, that he “snatched” her and ran straight home “with all the placenta and everything all over her”. Rowe later confirmed that Jackson had the placenta frozen. Following the birth, Jackson’s associates contacted Pope John Paul II at the Vatican in Rome, in the hope that the Pontiff would personally baptize the pop star’s daughter.

An official for the Pope informed Jackson by letter that the leader of the Catholic Church would not participate in what may be perceived as a publicity stunt.

Divorce
Feeling uncomfortable with their arrangement, Rowe asked Jackson for a divorce, which he granted on October 8, 1999. Rowe received around $10 million in a settlement, which started with an immediate payment of $1.5 million. With the divorce, Rowe gave Jackson full custody rights to her children.At the time, both Rowe and Jackson requested privacy and asked the public not to speculate on the reasons for their divorce. They concluded that despite coming to the end of married life, they would continue to remain friends.

Divorce and birth of “Blanket” Prince Michael II

Following the divorce, Jackson would go on to have a third child. Prince Michael II was born on February 21, 2002, to an unnamed surrogate mother.

Rowe denied being the biological mother of Prince Michael II, who is nicknamed “Blanket”. Jackson stated that the baby was produced through artificial insemination using his own sperm cells. He further claimed that he did not know the mother, and she did not know him. The pop star added that in asking for a surrogate mother, he did not care how old she was or what race she was. It did, however, matter to him that she was intelligent, healthy, and had uncorrected eyesight.

In the television documentary, The Michael Jackson Interview: The Footage You Were Never Meant to See, a rebuttal video to Martin Bashir’s Living with Michael Jackson (2003) interview, Rowe attempted to explain her relationship with Jackson and their two children:
“My kids don’t call me Mom because I don’t want them to. They’re Michael’s children. It’s not that they are not my children, but I had them because I wanted him to be a father. People make remarks, ‘I can’t believe she left her children.’ Left them? I left my children? I did not leave my children. My children are with their father, where they are supposed to be. I didn’t do it to be a mother… If he called me tonight and said let’s have five more [children], I’d do it in a heartbeat.”

In 2006, Rowe legally applied for her access to her two children to be reinstated and subsequently reached an agreement with Jackson. Following the singer’s death in 2009, his mother Katherine was made the permanent guardian of Prince Michael, Paris, and their half-brother Prince Michael II. In addition, a new custody arrangement was made with Rowe, who has visitation rights with her two children and will continue to receive spousal support payments.

Questions have frequently arisen as to whether Jackson was the biological father of his three children. Doubts first surfaced after it was reported that his son, Prince, had “white skin”. Jackson insisted in 2003 that the children were biologically his

MICHAEL Jackson’s three children are set to inherit the whopping $1,750 million his estate received for the sale of his Sony catalogue.
Sony Music paid the staggering sum for Jackson’s half-share of the Sony/ATV Music Publishing catalogue, which features hundreds of hits from stars like Bob Dylan, Eminem and Taylor Swift.

His three children, Prince, Paris and Blanket will inherit their share when they turn 30, which was stipulated in his will.

Michael Jackson’s children, Prince Jackson (L), Blanket Jackson (C) and Paris Jackson (R) speak on stage during the ‘Michael Forever’ concert in October 2011.
His 2002 will stated that each of the children will get a third of their share at 30, another half five years later and the remainder on their 40th birthday.

Jackson’s 86-year-old mother Katherine receives forty per cent of net income, but when she passes, her wealth will be passed on to her three grandchildren.

Last night a legal insider close to The Jacksons told The Daily Mail that Jackson’s worth was now close to $1.74 billion.
“They really are sitting on a billion dollar future — none of them need work again in their lives. It has been a remarkable turn around given that the estate only valued his business at around $3m at the time of his death due to his debts.”

“He wanted the kids to taste life rather than just live off his fortune so he made it that no money could be automatically earned until they were 30.”

“’That means all of them have a good opportunity to go out into the world and make a go of things in their industries. The Trust fund documents are very clear. So while they are billionaires on paper in reality that is not quite the case.”

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