The picture is even more precarious for Randy Jackson, 69, who filed for bankruptcy in 1996 and later pleaded guilty to bankruptcy fraud, with reports suggesting his net worth remains below $100,000.
In stark contrast stands Janet Jackson, 60, the youngest sibling and the family’s wealthiest, with an estimated fortune of $180million built around her global record sales exceeding 100 million and a string of successful tours, including her Together Again Tour.
As tensions simmer, one source close to the family said: “The Jackson estate is one of the most lucrative in entertainment history, but it also highlights the complexities of legacy, control and family dynamics – especially when the financial stakes are this high, and with Paris on the warpath.”
As of April, Paris has been engaged in an intensifying legal battle with the executors of her father’s estate, John Branca and John McClain, alleging excessive fees and lack of transparency.
She claims they took over $148million in compensation, while the estate alleges she has already benefited by $65million.