Waiting for Janet's Money!

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I Like It I Don't Like It
According to a report in the New York Post, the Jackson Men (as in Michael too) are get this.....BROKE!!

The Post learned from conducting a Series of Interviews with three of the Jacksons, just how financially strapped they were.

Although they have sold more than 100 Million Albums worldwide (second ONLY the Beatles), a slew of bad investments, poor advice, bankruptcy, stubborn pride, divorces, IRS debt, child support and a brother, Michael, who would rather give $1 million to Marlon Brando than do a concert tour or record to help make his brothers whole again, have left them dry waiting for Janet's next handout.

They appear to have returned to the Poverty they came out of from their Early Childhood years in Gary, Indiana.

Since Michael can no longer provide for them, Janet has become the NEW Breadwinner.
One brother stocks groceries, another repairs cars and others live at home with Mom.

Randy Jackson who persuaded several friends to re-finance their homes to help pay for Mike's legal fees, states that Michael promised they would go on Tour right after the trial, instead Mike fled to Bahrain.
Randy was left holding the empty bag.

When Mike returned to the states, taking up residence in Las Vegas in December 2006, Randy tried to confront him, but Michael would not have it. A desperate Randy charged the compound housing Michael, but bodyguards were "sicced" on the youngest brother.
"We are willing now to go out and do some things without [Michael]," one of the brothers said recently. "We have to."

Family patriarch Joseph Jackson, 79, spends most of his waking hours conjuring up schemes he hopes will replenish a bank account that once had more money than the FDIC cared to insure. Peddling musical girl groups in Las Vegas and a book about his family in Germany, Joseph, despite evidence to the contrary, is not convinced that time and the music industry have passed him by.

Marlon Jackson, 51, an original Jackson Five member who stocks shelves at a Vons supermarket in San Diego, had to temporarily move into an extended-stay hotel.

Randy, 46, does odd jobs, including fixing cars in a Los Angeles garage owned by a family friend. He recently claimed Michael was going to give him $1.7 million - "a pipe dream," said another brother last week.

Jackie, 56, the oldest and most debonair of the brothers, is struggling to manage his son Siggy's aspiring rap career after an Internet clothing business start up and attempts to produce music failed.

Jermaine, 54, shuttles back and forth from his girlfriend's home in Ventura County, Calif., to his parents' mansion in Encino, where Jackie and Randy still bunk.

Tito, 55, is the only brother still making music, but it's a meager living. The guitarist fronts a blues and jazz band that plays small venues and nets him $500 and $1,500 per occasional gig - a far cry from the days when the Jacksons could pull in 50,000 people at $30 a ticket.
The family filed for Chapter 11 protection in 1997, listing debts of more than $45 million following the collapse of Jackson Communications Inc., which was started by Jermaine. Only Michael, Janet and sister La Toya were spared from the many lawsuits connected to JCI.

The Sisters on the other hand have carved out different, more prosperous lifestyles for themselves:

Rebbie Jackson, 57
The oldest, she's married to successful businessman Nathaniel Brown.

La Toya Jackson, 52

Family turncoat who declared Michael guilty during the 1993 molestation case, she earns a living mostly in Europe and in the UAE judging beauty and singing contests. She lives with a wealthy boyfriend in Beverly Hills and has little contact with her siblings.

Janet Jackson, 41
The current family breadwinner. She bought her mom a Vegas home in anticipation of losing the family's mansion, Hayvenhurst, to foreclosure. Like their Neverland colleagues, workers at Hayvenhurst have not been paid for months.


Sources:  New York Post, tmz.com, votemecool.blogspot.com/2008/03/waiting-for-janets-money.html

anonymous 5 ryan517 Published 3/24/08   Message Add to Friends
 

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