Why Jackson inc. has never been healthier

When Michael Jackson died he owed AT&T, the telephone company, about $1,300. By contrast, as fans prepare to mark the first anniversary of his death this Friday, the money earned by his estate from mobile phone ringtones in the 12 months since his passing will top $5m. Both these sums are piddling, in the wider scheme, but also telling. Thanks to years of personal profligacy and mad-cap financial planning, the King of Pop died with debts of half a billion dollars. Hence the plans at the time to...

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