Cash-strapped Michael Jackson on a gravy diet

by angana on Nov.26, 2008, under Music, career, gossip, sightings

Michael Jackson

Michael Jackson

Michael Jackson is reportedly leading a meagrely life these days. He is believed to be living on a diet of gravy, painkillers and biscuits. The cash-strapped star who is just out of a £4.7 million court settlement case against Sheikh Abdulla Al-Khalifa at the weekend is apparently surviving on the bizarre diet. His spending habits spiralled out of control. And the present measures are probably to curtail all luxuray habits of the fallen pop star. Cash flow has decreased and MJ’s musical pursuits are also of no avail. MJ’s glorious days are not so glorious after all. The much troubled star has to dig hard for money. He is getting over his big repay of sums.

Jackson’s financial woes are said to be a result of him blowing £1 million on luxuries such as a Ferrari car and the entire stock from antiques shops and comic book stores he has visited. Sources close to the ‘Thriller’ singer say he is a “millionaire who lives like a billionaire”.

However, the 50-year-old’s family lawyer Brian Oxman insists the star is in excellent health and is not struggling financially. He said : “Michael is in excellent financial shape. We should all be so fortunate to have his problems. “He lives a pretty simple lifestyle these days. The extravagances are in the past. He is very low-key, but he is happy and doing well.”

Jackson was sued last week for borrowing the huge sum from the Sheikh. The news has already damaged his image. Jackson failed to repay him by recording two new albums, writing an autobiography and penning a stage show. All the promises dried from Jackson’s side thus leading to a big mess.

The £4.7 million included £23,500 in utility bills for his Neverland estate, a 10-day Paris hotel bill of £105,000, bank funds of £655,000, court costs during his child abuse case in 2005 totalling £1.5 million, £335,000 living expenses during six months in the Middle East as well as Italian and UK holidays coming to £234,000.

The star was recently forced to sell his ranch, which initially cost £17 million and ran up running costs of £2 million. Staff bills came to £2.5 million a year while Debbie Rowe – the mother of two of his children, Prince, 11, and Paris, 10 – demands £750,000 a year in maintenance.

 
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