King of Pop's estate has rebounded since death

June 22, 2010 5:35:08 AM PDT
When Michael Jackson died, some people said he'd be worth even more than when he was alive -- and they're turning out to be right. The money is rolling in and the bills are being paid.

Without the lavish spending sprees, and with the help of new revenue from nostalgia for the King of Pop, estate co-executors John Branca and John McClain have dramatically turned around Jackson's finances.

What was once a collapsing empire with more than $500 million in debt now looks to be able to support his three children and his mother.

The estate has earned more than $250 million in the year since he died. Millions in debt has been paid and a steady flow of cash is covering the interest on what's left.

And if Elvis Presley is any example, a moderate level of earnings could flow into Jackson's estate for decades.