Michael Jackson’S Private Jet Worth Source Bing.com
Michael Jackson was one of the most iconic figures in pop music history. His career spanned over four decades and he had an estimated net worth of over $500 million when he passed away in 2009. As one of the wealthiest entertainers in the world, it’s no surprise that Jackson had a private jet. But how much was it worth? Read on to find out.
The Gulfstream II
In 1992, Jackson purchased a Gulfstream II jet for an estimated $8 million. It was a luxury business jet manufactured by Gulfstream Aerospace and was used for transporting Jackson and his entourage around the world. The jet was customized with a number of luxurious features such as gold-plated fixtures and marble floors. It also had a full-sized master bedroom and a Jacuzzi.
The Cost of Maintaining the Jet
The cost of maintaining the jet was estimated to be around $2 million each year. This included the cost of fuel, insurance, and labor. Jackson often flew the jet to Las Vegas and Hawaii and even flew to London to attend the funeral of Princess Diana in 1997.
The Sale of the Jet
In 2003, Jackson sold the jet to a Saudi Arabian prince for an undisclosed sum. The jet was used by the prince for a number of years before being sold to an American businessman in 2010. The current owner of the jet is unknown.
The Cost of a New Jet Today
Today, the cost of a new Gulfstream II jet is estimated to be around $35 million. This is a significant increase from the $8 million that Jackson paid for his jet in 1992. It is also significantly more expensive than other luxury business jets such as the Boeing Business Jet, which costs around $25 million.
Jackson’s Legacy
Although the exact value of Jackson’s private jet is unknown, it is clear that it was a symbol of his immense wealth and success. Today, it is a reminder of the legacy that Jackson left behind and the impact he had on pop culture.
Conclusion
Michael Jackson’s private jet was a luxurious symbol of his immense wealth and success. Although the exact value of the jet is unknown, it was estimated to have cost around $8 million in 1992. Today, a new Gulfstream II jet is estimated to cost around $35 million. Jackson’s private jet is a reminder of his legacy and the impact he had on pop culture.
