Entertainment / Michael Jackson Jacko Leaves Pile of Debt Could have recouped losses with comeback By Matt Cantor, Newser Staff Posted Jun 26, 2009 10:00 AM CDT Copied In this Aug. 25, 1993 file photo, American pop star Michael Jackson performs during his "Dangerous" tour in Bangkok. (AP Photo/Jeff Widener, file) Michael Jackson died deep in debt, Reuters reports: Wall Street Journal sources put the figure at $500 million earlier this month. The entertainer and his managers had hoped a planned concert series this summer would refill his coffers. Still, Jackson’s copyrights to his songs and his stake in the Beatles’ catalog are said to be worth more than $1 billion. (More Michael Jackson stories.) Report an error