The Cost Of Raising Michael Jackson's Kids

Michael Jackson's children cost £2.75 million (NZ$6.5 million) to care for in one year.

New court papers filed by the late Thriller star's lawyers show the huge sum was spent on Prince, 18, Paris, 16, and 13-year-old Prince Michael II - known as Bigi - two years ago, with expenses including £290,000 (NZ$685,229) on a house in Calabasas, California, which is rented for the kids at the cost of £22,000 (NZ$51,982.9) a month.

A total of £48,000 (NZ$113,417.23) in fees for Buckley School was also spent for Prince and Paris, before the latter dropped out, with £19,000 (NZ$44,894.32) also being spent on a separate school for "young performers".

Other expenses included:
- Chartering a private plane for £90,000
- £300,000 on staff at their properties
- £30,000 on other workers
- £600 on Bigi's 11th birthday bash
- £274,000 for a trip to Hawaii with Prince and Paris' biological mother, Debbie Rowe.

The children are cared for by the music icon's 85-year-old mother Katherine, whose Hayvenhurst home has been purchased by the estate and renovated for in excess of £380,000.

Michael left £320 million worth of debt when he passed away, although his assets have been valued at £160 million, others they could be worth over £1 billion.

The three children are set to inherit equal shares of the estate, but not until they reach the age of 33, where they will receive half, with the rest being given to them aged 40.

Via NZ Herald