When he died in 2009, Jackson was somewhere between $400million to $500million in debt, Ackerman told the court. "He was tapped out," Ackerman said.

Who took Michael Jackson money?

According to his will, 40% of Michael's assets were left to his children and split evenly among the three of them. The other 40% was left to his mother Katherine while the remaining 20% of his assets were left to various children's charities.

Did Michael Jackson have money when died?

How rich was Jackson when he died? Michael Jackson was worth an estimated $236 million when he died, though he was more than $400 million in debt. His assets were worth far more, with the IRS valuing his estate at $1.3 billion after his death.