Michael Jackson 'was more than $500m in debt'
Michael Jackson was reportedly over $500 million in debt at the time of his death. The pop icon died in June 2009, aged 50, after suffering a cardiac arrest, and documents seen by PEOPLE have now revealed that he owed hundreds of millions of dollars in unpaid debts. Jackson was one of the best-selling music artists of all time - but he was also well-known for his extravagant spending habits, which included spending millions on jewellery and artwork. Court documents show that the pop legend owed an eye-watering sum of money when he passed away. However, Jackson was writing new songs and prepari...