Michael Jackson died with $450 mn debt, after one ‘mistake’ that costed him $5mn per year
Despite starting from humble beginnings, Michael Jackson rose to fame as a member of the Jackson 5 and became a global sensation with his solo career. However, his excessive spending on rare art, custom jewelry, and lavish lifestyle, along with failed investments and a costly legal battle, resulted in a staggering $450 million debt at the time of his death in 2009.