By Katherine Jackson, the 93-year-old mother of Michael Jackson, has purportedly received over $55 million from the estate of the late pop star since his passing in 2009.
According to TMZ, a representative for MJ’s estate confirmed that legal documents were filed after Katherine requested financial assistance from the estate to cover legal fees associated with appealing an undisclosed business transaction.
The documents state that Katherine has received over $55 million over the past 15 years or so. The bulk of this amount constitutes her monthly allowance from the estate, which is approximately $160,000 per month.
The estate claims to have provided for Katherine Jackson, who also received $15 million from the estate for the purchase and renovation of a home in Calabasas.
Additional expenses covered by the estate include transportation, a private gardener, personal security, and a private chef.
The estate’s executors have detailed the funds she has received to argue that she is financially capable of covering her legal fees if she chooses to proceed with her appeal.
Earlier this week, MJ’s youngest child Bigi ‘Blanket’ Jackson filed legal documents asking the court to block his grandmother from using estate money to pay for the appeal.
He was previously working with his grandmother to stop the estate from making the undisclosed transaction that they did not agree with.
The court ruled against them, and she wanted to appeal while he decided against continuing the case.
The details regarding the transaction they disagreed over haven’t been made public, but it could have something to do with Sony Music’s plans to pay between $600 to $750 million for a stake in the King of Pop’s catalogue, which is valued between $1.2 to $1.5 billion.
