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Diana Ross Mentioned In Michael Jackson's Will

Diana Ross Mentioned In Michael Jackson's Will

Michael Jackson‘s will states that he will leave his entire estate to the Michael Jackson Family Trust.

The papers also names his mother Katherine Jackson as the beneficiary of the trust and the guardian of Michael‘s three children, ages 7 to 12. Singer Diana Ross is named as a successor trustee if Katherine is unable or unwilling to care for them.

The will, dated July 7, 2002, estimated Michael’s wealth to be more than $500,000,000.

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Posted to: Diana Ross, Michael Jackson

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20 Comments

# 1

He wished his estate was worth $500,000,000. He’s estimated to be that much in debt. Good thing his music is now making money for the kids.

# 2

Woooow. He must of really loved Diana… She has known him since childhood – since age of 9 or so…

# 3

#1 Oh please, his Beatles music jacket alone is worth over a billion dollars, once everything is paid there is a whole lotta money to go around for decades to come.

# 4
ck_always @ 07/01/2009 at 2:07 pm

@mjfan:

Agreed. People thinking he’s going to remain in debt are ignorant and know nothing how finance works. His death alone will take care of the recession(just sayin’)

# 5

OH great, Katherine and Joe Jackson can screw up another generation.

# 6

At least Diana Ross is a very rich woman and won’t steal the childrens money. I don’t care who gets Prince, Paris and Blanket so long as it’s not Joe. Katherine is 79 years old, not to be morbid about it, so Diana will probably have the children within a few years. I’m glad Michael left the bulk of his estate to the children.

# 7

Denise #5 speaks the truth. Everyone thinks Joe was the only factor in Michael’s abuse. Katherine was there too you know. Pray that the children are not subjected to a jackson family upbringing!

# 8

Diana has raised 3 (or 4?) children of her own, so she would make a great guardian, her kids seemed to turn out just fine. Sad to sa but, Katherine Jackson is getting on. Actually this is one decision that MJ made that actually makes sense.

# 9

katherine did the best she could and loved her kids. it’s obvious that joe’s the monster.

freakyboy @ 07/01/2009 at 3:26 pm

why dont u guys get it that Michael loved his dad too?he made it clear..he never blamed him….its because of his dad that michael became what he is alright…a genius….im not gonna say it was entirely his doing but he had a part to play in it…the dad is a tough guy and i am just glad he is there to take control because thats what he did during the motown days..there needs to be someone who pushes feelings aside and takes control…if not the whole family will be destroyed…

mjfan @ 07/01/2009 at 2:02 pm

#1 Oh please, his Beatles music jacket alone is worth over a billion dollars, once everything is paid there is a whole lotta money to go around for decades to come
=========
That’s an estimate and an estimate is just that, not worth SQUAT. There was another estimate 3 days ago saying it’s worth around 300 million. The true test of worth is what someone will pay for it. Until it goes up on the market no one knows how much that is. If the kids are going to be taken care of it may not be because Jackson was a great business man, but because his music is being sold NOW; bought by people who act like they just heard of him. However, people being as fickle as they are, let’s see how long that lasts. Most of his worth is tied up in property. His debt has been estimated at 400-500 who know if that is the full amount. We’ll see. I can see the creditors coming out of the woodwork now. With the Jackson family in control I wouldn’t go projecting prosperity into the coming decades. Except for Janet all of them are either dependent on Michael or in debt.

you stupid people have no ideal what the h-e-l-l you are talking about. everyone was not relying on Michael’s money, they have their own money, they worked themselves, it’s hateful, jealous, bias people going around trying to make the family look bad, i know it’s hurts some people but, they have money, Joe have lived in las Vegas,NV. for years, he is no where near the children, it was reported on CNN that Michael and his father had a loving relationship the last few years. talk what you know. haters, Joe has mellowed in his old age, he is not the same person. i would worry more about Diane, she is still the b i t c h she has always been.

Sandy – Learn your facts, the Jackson parents are just coming out of bankruptcy. Other than Janet, none of them are well off. Also, they just celebrated their 60th wedding anniversary with the whole family. Doesn’t sound like their separated to me.

Diana Ross getting custody would be the best choice out of the these options. She is a diva, but it seems like all her kids turned out pretty well.

Look,Joe Jackson lives inL.V.Katherine lives at the old family house in Encino,CA.
MJ and Janet were the big money makers.We all do not have talent show bsuiness even if out siblings do.Even if we once did as a group,there is always one who shines through.I won’t list the cases.
The rest of the family,lost money,went bankrupt,etc.Jermaine has 10 children. Lotoya tried everything and anything.
Marlon and Rebbie did well.

MJ had GOOD SENSE naming Diana Ross.She raised 5 of her quite successfully. She toured,but went home on tour even location permitting.
Ihope Diana takes the kids.
Stop the circus on the innocent kids lives.

2002 at 500 mil?
shoot that was near a peak
with stuff now thats probably like 200-300 mil

MJ was smart in wanting Diana Ross to be the successor. She raised how many kids? And notice all her children have turned out well. She’s a great mother to any child.

Diana herself has problems, too many to name on a blog, look them up, her children did turn out OK, but they were not named to raise the kids, and they were grown when her problems surface, the woman’s a drunk, with emotional problems and violent out breaks, we don’t know what happen in her house hold, non of the Jackson brothers or sisters ever been in trouble with the law or in the tabloids , (except of course la toya) they have stable families, their children are all doing well.

whydowecare @ 07/01/2009 at 10:48 pm

its interesting that Diana hasnt made a statement yet

our picture of all this, miiiiiichael kitty was not always needed to change anything. michael eternal in my heart <3

You’re correct. In Michael’s own words. How he really felt about his dad.

“He seemed intent, above all else, on making us a commercial success. And at that he was more than adept. My father was a managerial genius and my brothers and I owe our professional success, in no small measure, to the forceful way that he pushed us. He trained me as a showman and under his guidance I couldn’t miss a step. But what I really wanted was a Dad. I wanted a father who showed me love. And my father never did that. He never said I love you while looking me straight in the eye, he never played a game with me. He never gave me a piggyback ride, he never threw a pillow at me, or a water balloon. But I remember once when I was about four years old, there was a little carnival and he picked me up and put me on a pony. It was a tiny gesture, probably something he forgot five minutes later. But because of that moment I have this special place in my heart for him. Because that’s how kids are, the little things mean so much to them and for me, that one moment meant everything…”

http://www.mjackson.de/fanzine/mjsuperstar/inhalt.htm

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