03/12/2026
The Battle of the Experts: The Estate of Michael Jackson
The decade-long battle over the value of one of his many assets-- his "IMAGE".
The experts hired by Jackson's family valued his image at the time of MJ's death to be $2,106 (ugh...no, that's not a typo.).
The IRS audited the estate tax return for MJ's estate and came with a value of $435 million (no, that's not a typo either).
And I bet the IRS did audit that estate tax return after seeing a fair market value of $2,000 next to the image of Michael Jackson.
The experts battled for 8 years to the U.S. Tax Court, each of them arguing to courts that their valuation number was right.
Do you know who won?
What did the courts say was the value of his image the day he died?
We are talking about Michael Jackson himself--the "King of Pop."
Also, something else has happened.
The projections used to value his estate are no longer predictions, but are now the present.
Forecast has become fact.
Tomorrow, in fact, did become today.
So, who was really, really right about the value back in 2009?
I will you a hint. Ask Forbes.
Until next time. -DB
Valuation experts for the Estate of Michael Jackson battle the IRS in the U.S. Tax Court and ultimately told the IRS to "Beat It! Beat It!"