Michael Jackson Has Died, 50 Years, Cardiac Arrest In Hospital On The University Of California At Los Angeles, United States

Michael Jackson was inducted onto the Hollywood Walk of Fame in 1980 as member of The Jacksons and in 1984 as solo artist. Throughout his career he received numerous honors and awards, including the World Music Awards' Best-Selling Pop Male Artist of the Millennium, the American Music Award's Artist of the Century Award and the Bambi Pop Artist of the Millennium Award. He was a double-inductee of the Rock and Roll Hall of Fame, once as a member of The Jackson 5 in 1997 and later as a solo artist in 2001. Jackson was also inducted in several other hall of fames, including Vocal Group Hall of Fame (as The Jackson 5 member) in 1999, Songwriters Hall of Fame in 2002 and Hit Parade Hall of Fame (with his brothers) in 2009. In 2010, Jackson was inducted into the Dance Hall of Fame as the first (and currently only) dancer from the world of pop and rock 'n' roll. His awards include many Guinness World Records (eight in 2006 alone), 13 Grammy Awards (as well as the Grammy Legend Award and the Grammy Lifetime Achievement Award), 26 American Music Awards (including the "Artist of the Century" and "Artist of the '80s")—more than any artist—, 13 number one singles in the US in his solo career—more than any other male artist in the Hot 100 era—and estimated sales of up to 750 million records worldwide, making him the world's best selling male solo pop artist. On December 29, 2009, the American Film Institute recognized Jackson's death as a "moment of significance" saying, "Michael Jackson's sudden death in June at age 50 was notable for the worldwide outpouring of grief and the unprecedented global eulogy of his posthumous concert rehearsal movie This Is It." Michael Jackson also received a Doctor of Humane Letters Degree from the United Negro College Fund and also an Honorary Doctorate of Humane Letters from Fisk University.
Lifetime earnings
Jackson has twice been named as the "#1 Entertainer of the Year" on the Forbes list based on his earnings. However, Jackson has not appeared on the Forbes 400. When Forbes editor Peter Newcomb was asked in 2003 to explain Jackson’s absence from their lists he replied “MJ owes $250 to $300 million to a consortium of banks”. Forbes never included Jackson in the list as they only calculate income from musical related moneys and companies publicly recognized for employers in the case of artists. Forbes considered Jackson as an artist and not as a businessman, all the income that is published by Forbes on Michael Jackson are about music rather than contracts, businesses (except Sony/ATV Music Publishing preferentially Forbes value is $5 billion, of which $1.3 billion came from Jackson's own sales as an artist). Jackson's assets are worth around $4 to $6 billion relating to his businesses such as Sony/ATV Music Publishing, Jackson International LLC, The Michael Jackson Company LLC, Sycamore Valley Ranch Company LLC, MJJ Music while naming only a few. Jackson has over $200 million related to properties in Los Angeles, Las Vegas, London and other countries. It is yet unknown of the stake Jackson owns of Neverland Valley Ranch after the year 2008, when it became Sycamore Company LLC (a joint venture between Colony Capital LLC and The Michael Jackson Company). His Neverland Valley Ranch has been valued at $100 to $150 million.