Michael Jackson's family
members used him just as a "bank" and were one of the reasons why he
was in so much debt when he died, his former personal doctor has claimed.
The
late super star of Pop reportedly had debts of between $400 and $500 million
before he died in June 2009 and Dr. Conrad Murray - who was convicted of the
involuntary manslaughter of the singer - claims his kindness to others and
problems with his relatives.
He
said: "In the end because of the pressures he was under, his life was
basically wagered. He started with 40 million and he was 400 million in the
red. At the time, concerts had rehearsed to a point that he was 400 million in
debt, he was homeless. He was living like a nomad, going from hotel to hotel.
"He
was saying to me, 'Conrad I'm getting tired', he didn't want to live like this
anymore. When he came to the Beverly Hills house he was paying $100 million a
month for the property alone.
"Interestingly
though I would say Michael spends heavily, he was generous. He was also
supporting a lot of other people. They did not save anything that they got.
"His
family were also suing him repeatedly, internally
"He
was a bank for the family and an ATM machine, think of the courage of
that."
One of
the ways Michael made money was through his purchase of The Beatles' back
catalogue, along with the rest of ATVMusic in 1985 - but Conrad claims Sony
Entertainment were determined to "destroy" the singer to reacquire the
rights.
He
added to BANG Showbiz: "Michael made a lot of excellent decisions. He
bought The Beatles catalogue, he went into business with Sony.
"He
also acquired a number of other catalogues as well of The Beatles and I would
say they were very sound investments. But it would be enough to also carry you
through, for entire your life. But the other problem, Sony wanted that
catalogue back and Sony was about to do everything to destroy Michael in order
for Michael to not be able to garner any kind of proceeds from that
entity."
Earlier
this year, Sony announced they were buying out the Michael Jackson estate's
share of Sony/ATV Music publishing
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