According to the New York Times Michael Jackson's debts have now reached €114m. His financial advisers have apparently told him to limit his monthly spending to €931,000.
The paper says that Jackson had taken out multiple loans to maintain his lifestyle but is having problems paying. He had hoped that his new album would help him out of the crisis. The current child abuse charges could end that hope.
Jackson's most prized possession is a catalogue of Beatles songs. The sale of these could answer his financial problems at once since it is valued at over €143m. Source