MAMAs 2016: The winners of the annual MTV Africa Music Awards were announced during a glitzy ceremony

Meet Iain Thomas, the 36-year-old South African poet who is famous all over the world except in SA

Michael Jackson's children spend $8m a year

2014-06-08 20:18
paris jackson

Los Angeles - Michael Jackson's children spend up to $8 million a year.

The late King of Pop - who died of acute Propofol intoxication in 2009 - left behind children Prince, 17, Paris, 16, and Blanket, 13, who have allocated finances for their living expenses which are separate from the $1m plus their grandmother Katherine receives to watch over them.

According to the New York Post's Page Six, Prince's $30 000 yearly tuition at a private school and the six-figure annual sum for Paris to stay at a therapeutic boarding school in Utah following her 2013 suicide attempt, are among the expenses.

A family insider also claims Prince has spent more than $50 000 on custom-made jewellery and other gifts to give to at least three different girlfriends.

The children enjoy up to three holidays a year to places such as Hawaii and Las Vegas, which cost about $350 000, including payments for bodyguards, family members, chauffeurs and first-class travel.

Meanwhile, Paris buys gifts for her friends at school and Blanket spends $200 an hour for karate lessons and more for a personal trainer.

The three also have a chef to whip them up meals at their $26 500-a-month rented mansion in Calabasas, California and they often dine out at trendy restaurants.

A source said: "These things that they're doing they are mostly paying for themselves, with their own money. Look, they also get $15 000 to $20 000 every month just in walking-around money. No one else has that kind of dough around here."

"This is why you have had so much of the fighting going on in the family. But the battles have calmed since their uncles have finally found consistent work and everyone has pretty much left [Katherine] alone about money."

But the source insists although the children spend a lot of money they know when they're splashing out too much.

They added: "They're not [as bad] as their father [at spending money]... They also seem to have more of a sense as to when they may be going overboard." publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Recent Gossip

Before she was robbed at gunpoint, Kim Kardashian West sat down with 60 Minutes to discuss how social media has made her who she is today. Read More »

Lindsay Lohan reportedly owes almost £78 000 in rent on a property in London. Read More »

inside channel 24

There are new stories on the homepage. Click here to see them.