Michael Jackson topped Forbes’ list of the highest-paid dead celebrities of 2018 after raking in around $400 million that year alone.

Foto: The No. 2 spot went to Elvis Presley, with $40 million made in 2018 — that’s $360 million less than Jackson.sourcePhil Walter/Getty Images

Source: Forbes


But before he died, the singer was millions of dollars in debt. According to William R. Ackerman, a forensic accountant, Jackson was spending thousands of dollars more than he was making.

Foto: Jackson was known for his lavish spending.sourcePool/Getty Images

Source: Los Angeles Times, Money


Ackerman, who testified in a 2013 case involving the singer, said Jackson was making $30 million-a-year payments toward his debt at the time of his death, according to Newsweek. But Ackerman said he was simultaneously spending lavishly on things like jewelry.

Foto: Jackson had several streams of income.sourceReed Saxon/AP

Source: Newsweek


It wasn’t a secret that the king of pop had a bizarre fleet of collectibles, but it wasn’t until he died and things were put up for auction that the public got to see the full roster.

Foto: This ice-cream cart was a gift from Elizabeth Taylor to Jackson.sourceCarolyn Kaster/Associated Press

Source: The Richest, Reuters


He owned the gloves Johnny Depp's character wore in "Edward Scissorhands" ...

Foto: The gloves were on auction at Julien's and had an estimated value of up to $5,300.sourceMark Sullivan/Contributor/Getty Images

Source: TIME, Billboard, CNN, Forbes


... several replicas of his own face in different expressions ...

Foto: These molds were on auction with an estimated price of less than $1,000.sourceGabriel Bouys/Staff/Getty Images

Source: The Richest


... a robotic replica of his head, as seen in the "Moonwalker" film starring Jackson ...

Foto: The working robotic head reportedly had an estimated auction value of up to $3,000.sourceMike Marsland/Contributor/Getty Images

Source: Go Social, The Richest


... and life-size figures of fictional crime fighters like Batman ...

Foto: The life-size Batman is seen in front of a portrait of Jackson.sourceGabriel Bouys/Staff/Getty Images

Source: The Richest


... Superman ...

Foto: The life-size Superman owned by Jackson.sourceGabriel Bouys/Staff/Getty Images

Source: The Richest


... and Spider-Man.

Foto: The life-size Spider-Man owned by Jackson.sourceGabriel Bouys/ Staff/Getty Images

Source: The Richest


He also had figures of sci-fi characters like E.T. ...

Foto: He owned a prototype of the extraterrestrial's head from the movie "E.T."sourceEthan Miller/Staff/Getty Images

Source: Getty Images


... Yoda ...

Foto: Jackson's Yoda replica is dressed in a fedora at an auction.sourceLaura Cavanaugh/Contributor/Getty Images

Source: Getty Images


... and villains Darth Vader.

Foto: The life-size Darth Vader owned by Jackson.sourceGabriel Bouys/Staff/Getty Images

Source: Getty Images


His Neverland Ranch featured a fully functioning arcade with loads of games available for playing.

Foto: Guests of Neverland Ranch had access to the arcade.sourceGabriel Bouys/Staff/Getty Images

Source: Associated Press


The arcade was in the pool house on the property, according to The Associated Press.

Foto: The interior of the pool house at Neverland Ranch.sourceCarolyn Kaster/AP

Source: Associated Press


According to NBC, Jackson paid $1.5 million for the Academy Award statue that was awarded to 1939's best-picture winner, "Gone With the Wind."

Foto: He bought the statue awarded to the movie cast.sourceAssociated Press

Source: NBC, Reuters


He displayed the statue on a rotating stand next to the fireplace in the home's main living room, according to NBC.

Foto: According to NBC, the stand was to the left of the fireplace.sourceCarolyn Kaster/Associated Press

Source: NBC


Forbes reported that Jackson purchased the oil on canvas painting seen below for $46,000. The painting, called "Cleopatra's Last Moments," was signed by the artist, D. Pauvert, and dated 1892.

Foto: The singer purchased the painting at a Sotheby's auction in 1996, according to Forbes.sourcePublic Domain

Source: Forbes


The Neverland Ranch was an enormous expense for Jackson. Entertainment Weekly reported that the singer paid $19.5 million for it in 1988.

Foto: The 2,700-acre property spans far beyond the house.sourceAP Images

Source: Entertainment Weekly, Business Insider


Jackson also made additions to the property and house, like the Disney Parks-themed train station ...

Foto: The station was designed to resemble Disney theme parks.sourceAP Images

Source: Business Insider


... a working train that passed through the station ...

Foto: Visitors got to ride the train.sourceAP Images

Source: Business Insider


... and bronze statues of children that littered the property and could be seen from the train as it went around the grounds.

Foto: The statues showed children playing.sourceAP Images

Source: Business Insider


Some of the statues were available for purchase at the 2009 auction.

Foto: One of the statues on auction.sourceGabriel Bouys/Staff/Getty Images

Source: Getty Images


Entertainment Weekly reported that, at one point, it cost Jackson $10 million to keep up the ranch and all of its amenities, including the train, theme park, zoo, and theater.

Foto: The theme park seen here was part of the Neverland Ranch grounds.sourceAP Images

Source: Entertainment Weekly


Neverland Ranch was filled with hints of glitz on the inside, too, like the gold-colored gooselike spout on the star's bathtub.

Foto: The tub looked out onto a walled-in patio.sourceCarolyn Kaster/Associated Press

Source: Associated Press


While the amount he spent on building and furnishing Neverland Ranch hasn't been confirmed ...

Foto: A carved hanging swing that was part of Jackson's Neverland Ranch estate.sourceMario Anzuoni/Reuters

... certain items like the front gate, pictured here, had an estimated price tag of up to $30,000, according to Forbes.

Foto: The "Neverland" banner was not included in the sale.sourceAP Images

Source: Forbes


Jackson wasn't living at the ranch at the time of his death, though. He was paying $100,000 a month to rent this mansion in Los Angeles' Bel Air neighborhood, according to Forbes.

Foto: Jackson died in this home, according to Forbes.sourceDan Steinberg/Associated Press

Source: Forbes


He also collected cars, like this personalized Rolls-Royce limousine.

Foto: The car was auctioned off.sourceGabriel Bouys/Staff/Getty Images

Source: The Travel


The limousine was customized by Jackson and featured leather seats and an embellished ceiling.

Foto: This wasn't the pop star's only customized car.sourceGabriel Bouys / Staff/Getty Images

Source: The Richest, Hot Cars


Jackson's spending didn't stop at cars. In the early '80s, he famously purchased a pet chimpanzee named Bubbles.

Foto: Bubbles the chimp is pictured above holding a photo of himself with Jackson.sourceHulton Archive/Staff/Getty Images

Source: The Richest


According to Newsweek, Jackson's "extreme debt" dates back to 1994, when he owed $30 million.

Foto: Jackson's debt mounted over the years.sourceEric Neitzel/Pool/WireImage/AP Photo

Source: Newsweek


Billboard reported that it was the 1993 legal battle — when Jackson was accused of molesting a 13-year-old boy — that benchmarked the turning point in Jackson's career, as well as his mental, physical, and financial health.

Foto: His debt grew after he started raking in legal expenses over the years, Billboard reported.sourceGetty Images/Pool/Getty Images

Source: Billboard


Jackson paid the family $25 million in 1994, according to NBC News.

Foto: Jackson during a 2005 court case.sourcePool/Getty Images

Source: NBC News


While he was spending on going to trial in the '90s, Jackson was still making money. He was collecting about $75 million a year during that time from owning the rights to his music library, as well as that of the Beatles — which he bought for $47.5 million in 1985 — according to the Daily News. Still, he spent more than he made.

Foto: Paul McCartney and Michael Jackson.sourceAFP/Stringer/Getty Images

Source: The Daily News, Business Insider


The 2009 auction was actually planned before the singer died in June 2009. It was set to feature items belonging to Jackson himself and collectors around the world.

Foto: The mold that was used to construct Jackson's fangs for the "Thriller" music video was auctioned off.sourceEmmanuel Dunand/Staff/Getty Images

Source: Forbes


At the 2009 auction, the iconic white-spandex Swarovski-encrusted glove that became synonymous with the King of Pop sold for $350,000.

Foto: The glove made an appearance in several performances.sourceJason Kempin/Staff/Getty Images

Source: Reuters


Julien's auction house estimated the worn-in, sweat-stained glove would sell for up to $200,000.

Foto: Hoffman Ma bought the glove.sourceBobby Yip/Reuters

Source: Forbes


Forbes reported that just before the auction was set to take place, Jackson had made between $200 million and $300 million from his planned London concert tour.

Foto: It was rumored that a main reason for the auction was to help relieve Jackson's mound of debt.sourceAP Photo

Source: Forbes


The day before the first public exhibit of belongings on offer, Jackson filed a lawsuit against Julien's to prevent the auction from happening. The suit ultimately resulted in Jackson paying a reported $2 million worth of expenses — plus an undisclosed additional amount — Julien's had already taken on in planning the auction.

Foto: Jackson's jewelry on sale at the auction.sourceJamie McCarthy/Staff/Getty Images

Source: Forbes


Since his death, Jackson's belongings, like this "Smooth Criminal" hat and family notebook ...

Foto: The fedora and notebook were for sale in New York and estimated to go for as much as $9,000 and $600, respectively.sourceRichard Drew/AP

Source: Reuters, Billboard, Associated Press


... and memorabilia, have been auctioned off around the world for thousands of dollars.

Foto: Men bid on items during a 2009 Michael Jackson auction in Las Vegas.sourceEthan Miller/Staff/Getty Images

Source: Reuters, Billboard


But, that doesn't necessarily mean the singer paid high prices for those things when he first acquired them.

Foto: This fedora was reportedly worn by Jackson on his Bad Tour and sold for 14,000 euros at a Paris auction.sourceGonzalo Fuentes/Reuters

Source: Reuters


Even so, the things he did spend on — like the acres and acres of trimmed grounds at the Neverland Ranch — set him back quite a lot.

Foto: Fountains on the Neverland Ranch property.sourcePhil Klein/Reuters