Michael Jackson’s Children Get $8 Million a Year Allowance

Prince Jackson, La Toya Jackson, Prince Michael Jackson II and Paris Jackson attend a baseball match in Indiana (Photo: GETTY)
Prince Jackson, La Toya Jackson, Prince Michael Jackson II and Paris Jackson attend a baseball match in Indiana (Photo: GETTY)

On a hot, lazy Las Vegas day, Michael Jackson’s eyes were glued to a catalog as he shopped from his hotel room for mundane but expensive trinkets such as Rolex watches, Barbie dolls and artwork.

The 2002 shopping spree continued until Jacko exhausted his line of credit with the hotel. Frustrated, he reached in a duffel bag and handed his 4- and 3-year-old kids a stack of bills totaling $20,000 and ordered their nanny to “take them out and buy them whatever they wanted.”

“He said, ‘Go out and entertain yourselves,’ ” recalled former pal Marc Schaffel, who’s poised to marry the late singer’s ex-wife Debbie Rowe later this year.

Today, five years after Jacko’s death, the spending spree continues, with his three kids — now 17, 16 and 12 — enjoying a whopping $8 million allowance a year.

And that money — up from the $5 million stipend they used to split, thanks to the estate’s growing earnings — is separate from the $1 million-plus (up from $700,000) grandmother Katherine receives to watch over Prince, Paris and Blanket.

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SOURCE:  Stacy Brown 
New York Post

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