Debbie Rowe has done quite well for herself! Rowe will be receiving $4 million as part of her “spousal” agreement she made with Michael Jackson before his death. Read more on this story below.
The child-custody agreement announced yesterday will give custody of Michael Jackson’s two oldest children Prince Michael and Paris) to the Jackson family. But the agreement didn’t come without a hefty price tag!
Lawyers for both sides tried to imply that no money had changed hands, but in a carefully worded statement, the family admitted yesterday they would continue paying her money as Michael Jackson agreed.
“The parties have neither sought nor agreed to any compensation to be exchanged, apart from the continuation of spousal support payments that had previously been personally agreed to between Michael Jackson and Deborah Rowe,” lawyers for both sides said.
Sources said Rowe, who was left out of Michael’s will, claimed the pop star had been paying her $1 million a year, but she had no written proof of the arrangement.
Even the family’s lawyers argued they had grounds to fight it, but Jacko’s mother, Katherine, 79, decided to give Rowe what she wanted to make her go away for good, the sources said.
“They just want to get rid of her. They recognized early in this process that she had no interest in playing a real role in their lives and that it was all about money,” one source said.
In the end, the family agreed to fork over several hundred thousand dollars a year for a fixed period.
Katherine will remain the guardian of Prince, 12, and Paris, 11, and Rowe will be allowed supervised visits.
Rowe’s lawyer, Eric George, praised his client’s “integrity and selflessness” and said her “sole consideration” was for “the best interests of the children.”
Jackson’s lawyers, Londell McMillan and Diane Goodman, said the family was “pleased this matter is resolved and handled in a caring, thoughtful and courteous manner.”
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