Michael Jackson Estate Earns $310m Since Star's Death

The estate of Michael Jackson has earned $310million since the singer's death in June.

The figure, which includes album sales, the concert film This Is It and other merchandise, was revealed in court papers.

The estate's administrators have used $159milllion to pay the singer's debts, which stood at more than $400million when he died, reports Reuters.

"Although there remain unresolved creditor claims, pending litigation and additional challenging business, tax and legal issues, and the estate is not yet in a condition to be closed, the executors have made substantial progress in reducing the estate's debt," the documents state.

The costs include a $900,000 payment to the cemetry where Jackson's body is interred.

(by Jason Gregory)

 Michael Jackson's Neverland Home To Be Recreated In Las Vegas (28.04.2011)

 Diana Ross 'Confirmed As Michael Jackson Children's Guardian' (28.04.2011)

 Michael Jackson Naked Death Photos To Be Shown At Trial (23.04.2011)

 Liam Gallagher: Michael Jackson Statue Is 'Ridiculous' (23.04.2011)

 Michael Jackson Heal The World Lawsuit Resolved (20.04.2011)

 Michael Jackson Doctor 'Distracted By Love Triangle' (15.04.2011)

 Mohamed Al Fayed Offered Role In Michael Jackson Musical (14.04.2011)

 Michael Jackson Autopsy Photos Too Gruesome For Dr Murray Trial (08.04.2011)

 Michael Jackson 'Committed Suicide' Over Financial Troubles (07.04.2011)

 Justin Bieber Beats Michael Jackson's Box-Office Record (21.03.2011)

 Michael Jackson's Doctor To Claim Singer Killed Himself (18.03.2011)