Highlights
- Michael Jackson’s son Blanket Jackson (formerly Bigi) has a net worth of $120 million today, reports Forbes.
- Blanket has inherited $90 million from his father’s estate.
After the death of Michael Jackson, his estate was distributed among his three children. His daughter, Paris Jackson inherited one-third of his wealth.
Blanket has inherited tens of millions of cash and also many real estate properties from his father. The estate also included investments in many NASDAQ companies.
Car Collection
Being a trust fund baby, Blanket is fond of sports cars just like many other young men. Bigi Jackson has a collection of 17 expensive luxury and sports cars. Let us see his car collection now.
- Bugatti Chiron
- Aston Martin DB12
- McLaren 720S
- Porsche 911
- Ferrari SF90
- Lamborghini Aventador
- Mercedes GLC
- Audi A7
House
Despite owing many mansions inherited from his father, Blanket Jackson has bought himself a luxury penthouse in New York.
This 4-bedroom property has cost him $11 million. He bought this apartment from Barbara Corcoran, the famous Shark Tank celebrity.
Overlooking Central Park, it has a bowling alley, gaming room, mini bar, and 3-Layered security.
Real Estate Wealth
Blanket Jackson’s (Bigi) trust fund is managed by a private equity firm based out of Boston. The firm is responsible for investing its funds into stock markets and commodities.
According to the latest tax records, Blanket’s investments are yielding him an impressive 7.5% return per annum, before paying a cut to the fund manager.
Blanket today holds $4 million in Apple, $2.6 million in Tesla, $2 million in Berkshire Hathaway and $1.9 million in Boeing. He also holds $10 million in commodities such as Gold and Oil.
Sources of Income
Apart from the money he earns from his trust fund, Bigi Jackson himself is not employed and he does not have any other source of income.
Bigi (Blanket Jackson) is well known among his friends for throwing expensive parties and even renting private jets and expensive cars for his group.