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On his death in June, it was reported that Michael Jackson was in $400 million of debt. Now, it looks as if the debt will be easily cleared. By some estimates his estate will make more than £100m this year alone, thanks to a surge in the number of fans buying records and memorabilia, and the release of This Is It, the film about the final days of his life.But how did Jacko manage to lose so much money in the first place? Times Money reflects on some of his more excessive spending…1) The Beatles back catalogueJackson’s biggest purchase turned out to be his best. In 1985 he paid $47.5m for ATV Music, which owned the copyright to 259 Beatles tracks. The income it generated kept him afloat during periods of mammoth spending sprees.2) PropertyJackson bought his pride and joy, the 2,500 acre California ranch Neverland, in 1988 for $41.6m. He built a zoo, amusement park and a 50-seat cinema on the site, and invited hundreds of kids to play there over the years. Post-abuse allegations Jack

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