Michael Jackson’s children will inherit $1.74 billion when they turn 30!

Michael Jackson’s kids Paris, Prince and Blanket are set to inherit $1bn (AU), as the late singer's estate received for the sale of his Sony catalogue.

Sony Music bought Jackson’s half-share of the Sony/ATV Music Publishing catalogue, which features hundreds of hits from stars like Taylor Swift, Bob Dylan and Eminem.

MJ's three children will each inherit a third of their share when they turn 30 and another half five years later, followed by the rest on their 40th birthdays.

Paris, 17, Prince, 19, and Blanket, 14, will also inherit the forty percent income which their grandma Katherine Jackson, 86, receives when she dies.

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“They really are sitting on a billion dollar future — none of them need work again in their lives. It has been a remarkable turn around given that the estate only valued his business at around $3m at the time of his death due to his debts,” a legal insider told Daily Mail.

“He wanted the kids to taste life rather than just live off his fortune so he made it that no money could be automatically earned until they were 30.”

“’That means all of them have a good opportunity to go out into the world and make a go of things in their industries. The Trust fund documents are very clear. So while they are billionaires on paper in reality that is not quite the case.”

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