Life Of Michael Joseph Jackson

In March 1988, Jackson purchased land near Santa Ynez, California, to build Neverland Ranch at a cost of $17 million. He installed Ferris wheels, a menagerie, and a movie theater on the 2,700-acre (11 km2) property. A security staff of 40 patrolled the grounds. In 2003, it was valued at approximately $100 million. In 1989, his annual earnings from album sales, endorsements, and concerts was estimated at $125 million for that year alone. Shortly afterwards, he became the first Westerner to appear in a television ad in the Soviet Union.
His success resulted in his being dubbed the "King of Pop". The nickname was popularized by Elizabeth Taylor when she presented him with the Soul Train Heritage Award in 1989, proclaiming him "the true king of pop, rock and soul." President George H. W. Bush designated him the White House's "Artist of the Decade". From 1985 to 1990, he donated $500,000 to the United Negro College Fund, and all of the profits from his single "Man in the Mirror" went to charity. Jackson's live rendition of "You Were There" at Sammy Davis Jr.'s 60th birthday celebration allowed Jackson to receive his second Emmy nomination.
• Dangerous, Heal the World Foundation and Super Bowl XXVII (1991–93)
In March 1991, Jackson renewed his contract with Sony for $65 million, a record-breaking deal at the time, displacing Neil Diamond's renewal contract with Columbia Records. He released his eighth album Dangerous in 1991. As of 2008, Dangerous had shipped seven million copies in the U.S. and had sold 32 million copies worldwide. The Dangerous album was co-produced by Teddy Riley, one of the pioneers of "new jack swing" which convinced Michael to feature a rapper on his album for the first time, the act worked and it turned out to be the best-selling album associated with that movement. In the United States, the album's first single "Black or White" was its biggest hit, reaching number one on the Billboard Hot 100 and remaining there for seven weeks, with similar chart performances worldwide. The album's second single "Remember the Time" spent eight weeks in the top five in the United States, peaking at number three on the Billboard Hot 100 singles chart. At the end of 1992, Dangerous was awarded 1992's best-selling album worldwide and "Black or White" was awarded 1992's best-selling single worldwide at the Billboard Music Awards. Additionally, he won an award as best-selling artist of the '80s. In 1993, Jackson performed the song at the Soul Train Music Awards in a chair, saying he had suffered an injury in rehearsals. In the UK and other parts of Europe, "Heal the World" was the biggest hit from the album; it sold 450,000 copies in the UK and spent five weeks at number two in 1992.