Michael Jackson's Estimated Net Worth On His 59th Birthday

Tuesday marked what would have been Michael Jackson’s 59th birthday. He was born in 1958 and died June 25, 2009. The King of Pop regularly topped the music charts and gave the world cult classics and popular trends. During his career, he grossed millions and sold record-breaking amounts of music.

Many renowned Jackson as one of the most prosperous artists to grace the music world. His estate has a projected net worth of $600 million, according to Celebrity Net Worth. Between 1985 to 1995, the pop star earned about $100 million annually. It was mostly from touring, endorsements, merchandise and record sales.

Posthumously, Jackson remained one of the most notable and profitable musical artists worldwide. He has sold over 750 million albums, including the 35 million units sold after his death. Jackson’s most important asset was his musical catalog, the copyright value of his songs is estimated at $100 million, according to Celebrity Net Worth. Jackson purchased the entire Beatles catalog for $47.5 million, which merged with Sony and holds an estimated value of about $2 billion.

Over the course of his life, Jackson grossed about $500 million from his own music, videos, concerts and endorsements. However, he had reportedly amassed $500 million worth of financial debt. He supposedly spent between $30 and $50 million annually on his lifestyle. More, he accumulated massive fees for lawyers and publicists during court trials.

Jackson’s family attempted to divvy up his money and estimate. His will specifically bestowed 40 percent of his assets to his three children. His will also delegated 20 percent to various children's aid organizations, while the remaining 40 percent went to support his mother, Katherine. After Katherine's death, Jackson’s will awards the children that same 40 percent.

Jackson’s daughter Paris, 19, took to Instagram and posted a heartfelt tribute to her father Tuesday. She posted a childhood photo and a message regarding her late father, stating that he was "the love of [her] life" and taught her "how to dream."

"Birthday wishes to the love of my life, the one person who showed me what passion truly was, the one that gave me solid morals to live by and how to dream. I will never feel love again the way I did with you. you are always with me and I am always with you. though I am not you, and you are not me, I know with all of my being that we are one. and our souls will never change in that way. thank you for the magic, forever and always," she wrote.

"You are always with me and I am always with you," she continued. "Though I am not you, and you are not me, I know with all of my being that we are one. And our souls will never change in that way. Thank you for the magic, forever and always."

Paris attended The MTV Video Music Awards Sunday and presented Fifth Harmony and Gucci Mane an award for the best pop video for "Down." She used her time on stage to suggest that there should be "zero tolerance" for Nazism.