Blanket Jackson’s Net Worth: A Deep Dive into His Life, Inheritance, and Career

Introduction: The Enigmatic Blanket Jackson

Blanket Jackson, now known as Bigi Jackson, is the youngest son of the late, globally-renowned “King of Pop,” Michael Jackson. From his dramatic early life, marked by global media attention, to his current status as a young adult navigating life, Bigi’s journey continues to fascinate. This article delves into his current net worth, the impact of his father’s estate, and the various facets of his life, providing a comprehensive overview of the man behind the headlines.

What is Blanket Jackson’s Net Worth?

Blanket Jackson’s net worth is estimated to be $150 million. This substantial figure is a direct result of the inheritance he received from his father, Michael Jackson’s estate. Despite the initial debt burden, the estate’s financial resurgence, spearheaded by skilled legal teams, has significantly benefited Michael’s children. This financial success stems from strategic deals and investments, solidifying Blanket’s financial standing.

The Complexities of Michael Jackson’s Inheritance

Understanding Blanket Jackson’s wealth requires examining the structure of his inheritance. According to Michael Jackson’s will, his estate was divided to benefit his mother, Katherine Jackson, and his three children: Prince Michael Jackson, Paris Jackson, and Blanket Jackson. At the time of Michael’s passing in 2009, the estate faced a considerable debt of $500 million. However, through the efforts of estate lawyers John Branca and John McClaine, the estate has generated over $2 billion. Key transactions included the 2016 sale of Michael’s 50% share in the Sony/ATV music catalog for $750 million. This catalog includes a significant portion of The Beatles’ hits. Additionally, in February 2024, a 50% stake in Michael’s Mijac Music company was sold for $600 million. This catalog includes Michael’s own tracks, as well as songs by artists such as Sly and the Family Stone and Ray Charles. After costs and taxes, the estate proceeds are divided among beneficiaries, which includes significant shares for the three children and Katherine Jackson. The estate’s ongoing performance suggests that Blanket Jackson’s inheritance will continue to grow.

• Initial Estate Division: Michael Jackson’s will allocated 40% of his estate to his mother, Katherine Jackson, and 40% to his three children, with the remaining 20% designated for various children’s charities.
• Katherine Jackson’s Share: Upon Katherine’s death, her 40% share will be divided among Paris, Prince Michael, and Blanket, effectively giving each child an eventual 26.7% share of the estate.
• Catalog Stakes: Each heir also holds stakes in a catalog valued at $1.2 billion.

Prince Michael and Bigi Jackson (Photo by Kevin Winter/Getty Images)

Early Life: Growing Up Under the Global Spotlight

Born Prince Michael Jackson II on February 21, 2002, in La Mesa, California, Blanket Jackson’s early life was anything but ordinary. As the youngest child of Michael Jackson, he grew up at Neverland Ranch with his half-siblings, Prince Michael Jackson Jr. (Prince) and Paris-Michael Katherine Jackson. The identity of Blanket’s surrogate mother remains undisclosed. His godparents include Elizabeth Taylor and Macaulay Culkin. The tragic loss of his father in June 2009 marked a significant turning point in his life. Michael’s children were present at his funeral and accepted his posthumous Lifetime Achievement Award at the 2010 Grammy Awards. Katherine Jackson, in accordance with Michael’s wishes, took on the role of guardian for all three children. While Katherine initially shared custody with their cousin TJ Jackson, by 2017, she had planned to let TJ have full custody of Bigi.

Michael Jackson gave him the nickname “Blanket” to symbolize enveloping his youngest child with love. One of the most infamous moments involving Bigi as a child was when his father held him over a balcony in Berlin in 2002. Michael later apologized, acknowledging it as a “terrible mistake.” During their childhood, the children often wore masks and veils to shield their identities from the media, a measure that sparked public debate. Michael defended this, emphasizing the need for his children to live as normally as possible. All three siblings attended the Buckley School, a private school in Sherman Oaks.

(Photo by Olaf Selchow/Getty Images)

Career Ventures: Beyond the Headlines

Blanket Jackson’s career has included ventures beyond simply being a member of a famous family. He served as an associate producer on the 2013 film “Kingdom Come.” The film achieved critical acclaim, garnering six nominations at the 2014 Long Beach International Film Festival, where it won awards for Best Actor (Jeff Moffitt). Bigi’s presence was also noted in the special “Living with Michael Jackson: A Tonight Special” (2003). Additionally, he has appeared in various television programs, including “The Oprah Winfrey Show” (2010), “The X Factor” (2011), “Life with La Toya” (2014), and “The Jacksons: Next Generation” (2015). These appearances show his growing engagement with the entertainment industry.

(Photo by Ethan Miller/Getty Images for Cirque du Soleil)

Personal Life: Privacy, Philanthropy, and Public Appearances

Blanket Jackson, while maintaining a relatively private life, has engaged in public activities that reveal aspects of his personal life. In 2021, he and his siblings hosted a “Thriller Night” benefit to raise funds for the Heal Los Angeles Foundation, which Prince Jackson co-founded with John Muto. The foundation focuses on programs that aim to empower young people in the Los Angeles area. Following the event, Bigi participated in a rare interview on “Good Morning Britain,” discussing climate change and emphasizing the importance of awareness and action.

Real Estate: A Home in Calabasas

In 2020, Bigi Jackson invested in real estate, purchasing a 6,382 square foot home in Calabasas, California, for $2.6 million. This property, located in a guard-gated community, features six bedrooms and 7.5 bathrooms. The acquisition underscores his evolving lifestyle and financial independence.

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Conclusion

Blanket Jackson’s life encapsulates a unique blend of privilege, privacy, and potential. His current net worth of $150 million is just one aspect of a complex narrative. His involvement in philanthropic endeavors, real estate investments, and the continuation of the Jackson legacy suggest a future filled with possibilities. As he navigates his personal and professional life, Blanket, or Bigi, Jackson continues to shape his own path, distinct from the shadow of his iconic father.