Blanket Jackson Net Worth
Blanket Jackson has an estimated net worth of $100 million. Prince Michael “Blanket” Jackson II, now known as Bigi, is the third child of pop legend Michael Jackson. The majority of his wealth is attributable to his inheritance from Michael Jackson’s estate.
Prince Michael “Blanket” Jackson is Michael Jackson’s third and youngest child. He changed his name to Bigi Jackson in 2015. Prince’s biological mother, who was a surrogate, is unknown. On June 25, 2009, Jackson was seven years old when his father died.
To calculate the net worth of Blanket Jackson, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$100 Million|
|Monthly Salary:||$70 Thousand+|
|Annual Income:||$1 Million|
|Source of Wealth:||Inheritance|
Jackson’s biological mother, who was a surrogate, is unknown. He is the third child of pop legend Michael Jackson and allegedly the pop star’s only biological child, though no confirmation has been made.
Following his birth and subsequent media speculation about his conception, Debbie Rowe, Michael’s other two children — Paris Michael Katherine and Michael Joseph “Prince” Jackson — publicly denied being Blanket’s biological mother.
Michael Jackson’s father, Michael, died of a heart attack on June 25, 2009, at his home in Los Angeles. The pop star was 50 years old when he died, and Prince Michael Jackson II was seven.
Katherine Jackson, Jackson’s grandmother, became his legal guardian, as well as the guardian of his siblings, Michael and Paris.
The three children addressed their father’s fans at his funeral in 2009, and again in January 2010, when they accepted Michael Jackson’s posthumous Lifetime Achievement Award at the Grammy Awards.
An official coroner’s report on Michael’s death was released in February 2010, revealing that the singer died from acute propofol intoxication. Michael had used the drug, among other things, to help him sleep, with the assistance of his personal physician, Dr. Conrad Murray.
A police investigation later revealed that Murray was not licensed to prescribe most controlled medications in California, and the doctor’s actions as Michael’s caregiver were therefore scrutinized further. Murray was found guilty of homicide on November 7, 2011, and was sentenced to four years in prison.
Wrongful Death Lawsuit
The Jackson family decided to sue A.E.G. Live, the entertainment company that promoted Michael Jackson’s planned comeback concert, This Is It, in 2009, believing that the company had failed to effectively protect the singer while he was under Dr. Conrad Murray’s care. Katherine Jackson and Michael Jackson’s three children have officially sued A.E.G. for wrongful death.
The trial started in April 2013. In the case, lawyers sought up to $1.5 billion, an estimate of what Michael could have earned in the months since his death if he were still alive.
A jury ruled in October 2013 that A.E.G. was not responsible for Michael’s death. “While Michael Jackson’s death was a terrible tragedy, it was not the fault of A.E.G. Live,” said A.E.G.’s lawyer, Marvin S. Putnam.
Blanket’s Name Change to Bigi
Several reports surfaced in 2015 claiming that Jackson no longer wanted to be referred to as “Blanket.” According to Radar Online, the young teen now prefers to be addressed as “Bigi.” He adopted the name after years of being bullied for his “Blanket” moniker.
Bigi Jackson Today
Jackson currently resides in Calabasas, California. He is a student at the Buckley School in Sherman Oaks, California. Jackson is now under the supervision of his older cousin T.J. Jackson due to his grandmother’s advanced age, as well as siblings Michael and Paris leaving the nest as young adults.
According to People magazine, he had the most difficult time adjusting after his father’s death of his siblings, but he is now doing well, focusing on grades and sports and spending time with his more than 30 cousins.
Bigi has generally remained out of the spotlight among Michael’s children. In May 2019, he made a rare appearance at his older brother Prince’s graduation from Loyola Marymount University in Los Angeles.
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