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MJ’s kids granted $8m annual income

Michael Jackson's children have been granted a total annual income of $8 million.

The late King of Pop left behind three children when he died of acute Propofol intoxication in 2009 - 17-year-old Prince, 16-year-old Paris and 12-year-old Blanket - and the court that oversees their welfare has now allocated finances for their living expenses.

FILE - Blanket Jackson, Paris Jackson, and Prince Michael Jackson in Los Angeles. (AP Photo/Dan Steinberg, file). Credit: AP

The expenses for the youngsters, who live with their grandmother Katherine Jackson and their cousin TJ Jackson in Los Angeles, California, breakdown as $3 million for their school fees, $300 000 for holidays and $600 000 for a personal security team.

The court has also authorised them to spend a further $200 000 a year from their late father's estate on renting a mansion.

In addition to Paris, Prince and Blanket each receiving $15 000 a month in spending money, their legal guardian, Katherine, also receives $1.2 million a year for looking after them.

The value of the 'Thriller' hitmaker's estate has grown from £3.5 million to £400 million since his death five years ago.

The sums have emerged as the mother of Prince and Paris - Debbie Rowe - seeks to gain custody of her children, as well as Blanket, who was born through a surrogate mother.

The former nurse, who was married to the pop star for three years between 1996 and 1999, claims the children's grandmother is “too old” to raise them. - Bang Showbiz

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