Word: michael
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...special report on Michael Jackson's life and death...
...TIME's 1984 cover on Michael Jackson...
...Jackson's fans are focused on their mourning, not their money. "I haven't even thought about the money," says Luke Fletcher, 27, who lives in London. Fletcher says he has been in constant communication with friends since Jackson's death and is just trying to remain positive: "Michael will be remembered for his music now, and all of the controversy will be forgotten." It's a different kind of comeback, but maybe an even better...
Counting wasn't a problem for Michael Jackson in the 1970 hit "ABC." Love, he chirped in the Jackson 5 song he co-wrote, was as "easy as 1-2-3." When it came to handling the bigger sums the singer would go on to amass, though, Jackson never really got a grip on the numbers. Profligate spending, a slew of legal settlements and a reliance on ever increasing bank loans blew a hole in the fortune Jackson earned over four decades of performing. Some estimates put the singer's debt at the time of his death at $300 million...
...savvy. Shelling out $47.5 million in 1985 for the rights to a catalog of music that included 251 Beatles songs was a profitable move. Those rights, as well as concerts, endorsements and music videos, would generate more than $400 million over the next two decades. (See the top 10 Michael Jackson moments...