As the son of the king of pop, Michael Joseph Jackson Jr. aka Prince had all the royalties in his life. However, that isn't what defines this youngster. He is intent on creating his own legacy and is currently involved with his businesses and philanthropic works. 

A Look Into Michael Jackson’s Net Worth After His Death

Prince’s father, Michael Jackson, still boasts a whopping net worth of $500 million. Not only that, he continues to top the list of the top-earning dead celebrities. 

In 2020, Michael rose above other late celebrities like George Harrison, Freddie Mercury, John Lennon, and Bob Marley to become the highest-paid dead celebrity. For that year, Michael’s income was estimated to be $48 million. The majority of his earnings come from his Mijac Music catalog and his long-term deal with Sony. 

In fact, his earnings from the music catalog and his multi-million deal with Sony is so profitable that he retained the top-earner crown for eight consecutive years. 

Does His First Son, Michael Joseph Jackson Jr. Aka Prince, Inherit His Estate?   

Before Michael Jackson passed away in 2009, he had left a trust from which his children, Michael Joseph "Prince" Jackson, Jr., Paris Katherine Michael Jackson, and Prince Michael "Blanket" Jackson II could directly benefit.

All the details of the trust are a bit too technical to cover, but the basics of the terms of the trust were that Michael’s three children were left 40% of his assets to be split evenly amongst them. 20% went to various children's charities and the remaining 40% went to his mother, Katherine.

That was not all. The children were also due to receive allowances till they turned 21, after which they received one-third of their allotted trust fund when they turned 30, 35, and 40. 

Prince Jackson with Katherine Jackson (Michael's mother) during his graduation.

Prince Is Breaking Away From His Father’s Shadow

23 is a fine age to find one’s own footing in the world. Prince is doing just that with his production company, King’s Son Production. His production company helps realize projects from short movies and music videos to full feature-length films. 

With the production company, he has aimed to keep the creative spirit of his father alive by helping other talented artists realize their dreams. 

He isn't subtle with the name of the production too. In an Instagram video, Prince revealed that while his father was indeed the ‘King of Pop’ and he was the ‘Prince,’ he had to earn that title and his production company was doing just that. 

Prince also produced his sister Paris’ music video under his banner and was all too proud to share the fruits of his labor. 

Prince Is Helping People Through His Father’s Legacy.

Prince’s Heal Los Angeles Foundation helps raise funds for quality education and value to low-income Inner-city youths by furnishing access to co-curricular educational initiatives. His foundation also provides the tools to earn an education, in addition to emphasizing an active and healthy lifestyle. 

Recently, Prince Jackson and his foundation have been hosting online cooking courses for elementary school children. 

His father, Michael Jackson, is part of his philanthropic activities in that the King of Pop’s merch is used to help raise funds for donations and services.