Recently Michael Jackson died because of failure of his heart because of anesthetic drugs he was taking for a deep sleep. Michael Jackson was a famous singer and since last decade we all are reading news about the Bankruptcy of Michael Jackson.

So Did Michael Jackson died Leaving behind a Debt?

Well, yes. He died leaving behind a Debt but in reality he was not a Bankrupt when he died. In reality, he was a Billionaire when he died.

Read the Article: Was Michael Jackson a Billionaire?

The Valuation of his Songs portfolio with Sony Company was worth of more than a Billion and he was in a debt of $ 200-300 Millions only. The only thing was that, He did not want to sell his Assets to repay that Debt. He loved positive Cashflow from his Assets.

And that’s why when he died, he was in a debt but still he was not a Bankrupt. He was a Billionaire.