The Jackson family is one of the most famous and successful families in music history. Known for their contributions to the music industry, particularly through the legendary Jackson 5 and the solo careers of Michael and Janet Jackson, the family has amassed considerable wealth. With such a long history of music success and celebrity, the question arises: who is the richest Jackson? Let’s take a deep dive into the Jackson family’s net worth and see who comes out on top.
Michael Jackson – The King of Pop
Michael Jackson, often referred to as the King of Pop, is undoubtedly the wealthiest member of the Jackson family, both during his lifetime and posthumously. Before his untimely death in 2009, Michael earned an estimated $2.3 billion, adjusted for inflation. After his death, his estate continued to rake in profits, earning approximately $2.5 billion by 2022. According to Rolling Stone, Michael’s trust was worth $1 billion in 2017, and since then, his wealth has only grown. His estate is still actively generating revenue from music sales, merchandise, and various projects. Michael Jackson’s legacy has made him the highest-earning deceased celebrity, and his net worth remains astronomical even in 2023.
Janet Jackson – A Longtime Star
Janet Jackson, Michael’s younger sister, is also one of the richest members of the Jackson family, with a net worth of around $360 million. Janet rose to fame with her powerful voice, stage presence, and chart-topping albums, such as Control and Rhythm Nation 1814. Despite her immense success in the music world, she is not a billionaire. She was previously married to Qatari billionaire businessman Wissam Al Mana, but their divorce in 2017, shortly after the birth of their son, Isa, didn’t result in the massive alimony rumors some had speculated. Janet has enjoyed a career spanning over four decades, selling more than 185 million records worldwide. Though her career has slowed, she continues to enjoy significant wealth from her legacy in the music industry.
Michael Jackson’s Estate
Although Michael Jackson passed away more than a decade ago, his estate is still incredibly valuable. The estate is estimated to be worth $111.5 million as of 2021, and it continues to generate profits each year. At the time of his death, Jackson’s wealth was estimated at $500 million, but after his passing, his estate saw a significant boost in value, even reaching an impressive $825 million in 2018. The estate still profits from his music sales, licensing deals, and royalties, and Michael left 40 percent of his assets to his children, who each benefit from his ongoing success.
Katherine Jackson – The Matriarch
Katherine Jackson, the mother of Michael and Janet, has a net worth of $100 million, largely due to the legacy left by her son, Michael. After his passing, Katherine inherited 40 percent of Michael’s estate. She continues to receive a monthly stipend of $67,000 from Michael’s estate, most of which goes toward supporting her children and grandchildren. Despite her wealth, Katherine’s life has been dedicated to raising her large family, and her financial security is largely tied to Michael’s success.
Joe Jackson – The Patriarch
Joe Jackson, the father of the Jackson children and the man behind the formation of the Jackson 5, had a net worth of around $500,000 at the time of his death in 2018. Despite being the mastermind behind his children’s careers, Joe’s wealth was relatively modest compared to his children’s fortunes. He founded his own record company, Ivory Tower International Records, in the 1970s, but the success of his family’s music career was the true source of his wealth.
The Next Generation – Paris, Prince, and Blanket Jackson
Michael Jackson’s children—Paris, Prince, and Blanket (now known as BG)—have inherited much of their father’s wealth, contributing to their estimated net worths of $100 million each. Paris Jackson, who has pursued a career in music and acting, formed a folk band, The Soundflowers, and appeared in the 2018 film Gringo and the 2021 series American Horror Stories. Prince Jackson, the eldest of Michael’s children, has kept a relatively low profile but earned a degree in business and briefly worked in the entertainment industry. Blanket Jackson, now known as BG, has stayed out of the public eye but reportedly purchased a $2 million mansion in 2021 when he turned 18.
Jermaine, LaToya, Rebbie, Tito, Jackie, Marlon, and Randy Jackson
Beyond Michael and Janet, the other Jackson family members have experienced varying levels of financial success. Jermaine Jackson, a former member of the Jackson 5 and a solo artist, has an estimated net worth of $1.5 million. LaToya Jackson, also a singer, songwriter, and actress, has a net worth of $1 million, and Rebbie Jackson, the eldest sibling, is worth $2.5 million. Tito Jackson, who found success with the Jackson 5 and later as a solo blues musician, has a net worth of $2 million. Jackie Jackson, another member of the Jackson 5, has a net worth of $200,000, and Marlon Jackson, who also pursued a solo career, is worth around $100,000. Randy Jackson, the youngest member of the family, has had a tumultuous financial history, including bankruptcy issues, and his current financial situation is largely unknown.
Conclusion
The Jackson family’s wealth is as varied as their careers, with Michael Jackson leading the pack by a substantial margin. His unparalleled success as the King of Pop has ensured that his family remains financially secure. Janet Jackson follows closely behind, continuing to enjoy the fruits of her decades-long career. Other family members, such as Katherine Jackson and Michael’s children, also benefit significantly from his legacy. However, the wealth of other Jackson family members varies widely, with some achieving success in music and television while others have faced financial struggles.
Overall, the Jackson family’s financial empire is a testament to the lasting impact the family has had on the music industry. From Michael’s groundbreaking achievements to Janet’s continued success, the Jacksons have earned their place as one of the wealthiest and most influential families in music history.
