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Jackson's kids get $8M a year as allowance

  • Michael Jackson's growing estate has increased his kids' yearly allowance to $8M. 

    Reports suggest that Prince, 17, has spent over $50k on jewelry for his girlfriends, Paris, 16, likes to buy gifts for her friends, and Blanket, 12, likes to visit expensive restaurants with his cousins. They also take three vacations every year and sometimes rent a suite at Bellagio in Vegas. 

    Despite all this, the kids still do not spend as wildly as their father used to. Sources recollecting crazy incidents about Jackson mentioned that he sent two men out of his security team to Switzerland on a private jet in order to buy jewelry that Elizabeth Taylor liked in a catalog. 

    Tagged as: michel jackson estate, michael jackson kids, michael jackson, entertainment news