JACKSON CHANGED NAMES AS DEBTS MOUNTED
MICHAEL JACKSON was so heavily in debt his credit card had a limit of just $405 (£270) - and he invented a series of bizarre identities in a failed bid to secure bank loans.
The Thriller legend left $500 million (£333 million) in his will, but it consisted entirely of non-cash and non-liquid assets, including the Sony/ATV music catalogue featuring the songs of The Beatles.
Now it has emerged the superstar was so desperate for money in the months before his death, he conjured up 20 variations on his name - including ‘Michael Jackson Jehovah’, ‘Michael J Jackson ChristJeh’, and ‘President Mr Michael Jackson’ - to con banks into loaning him money.
He hoped the changing identities would hide his poor credit history - but a series of applications were turned down, according to Britain’s The Sun newspaper.
Jackson’s credit rating was calculated at just 447 - among the lowest two per cent across the entire U.S.
A source tells the tabloid, "Michael Jackson’s financial affairs were beyond a mess, with county court judgements and taxes owed all over the place. No bank was prepared to bail him out towards the end. He was rejected for loan after loan. He was getting desperate."
Movie & Entertainment News provided by World Entertainment News Network (www.wenn.com)
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