Michael Jackson could have raked in as much as $1.5 billion had he lived … at least that’s what an entertainment money man told jurors yesterday in MJ’s wrongful death case.
Accounting guru Arthur Erk testified … Jackson could have earned minimum $1.1 billion if he performed a worldwide concert and showcased his music in Las Vegas. And Erk felt if ticket prices were high enough, the figure would soar to $1.5 bil by the time Michael turned 65.
There are a couple of problems. First, MJ never planned a worldwide tour. The “This Is It” tour was limited to London. Second, the family is seeking more than $40 billion.
Another interesting thing … Erk said he deducted what he felt Jackson would have spent between age 50 and age 65, when he hypothetically would have retired — $134 million.
Oh the struggles of living on a budget.