I was wondering how much money Michael Jackson has earned since his death in 2009 so I googled it -- around $2B This puts him in 1st place among top earning dead celebrities with Elvis in 2nd place. Presley's estate generates millions every year just from tourism by fans visiting Graceland -- his famous home in Memphis, TN.
This got me wondering further.
Jackson's old estate -- the Neverland Ranch -- has sat abandoned and unsold since he died. Why has this not been turned into a cashcow like Graceland? Neverland would generate even more money in tourism than Graceland does given Jackson was bigger than Elvis by a wide margin.
How has this been missed for so long?
Jackson paid $19.5M for it but Neverland Ranch is currently for sale at $100M -- a hefty sum that I believe could be recovered in the first 5 years. If I were a multi-millionaire looking for an investment, I'd buy Neverland Ranch tomorrow morning.
Although I'm sure I could argue the price down since it hasn't sold in ten years.
Agree or disagree?