Michael Jackson’s kids get $8 million allowance 

click to enlarge Paris, Prince and Blanket Jackson, seen here with their Aunt Latoya, are getting $8 million a year each allowance to live on. - RICHARD SHOTWELL/2012 AP FILE PHOTO
  • Richard Shotwell/2012 AP file photo
  • Paris, Prince and Blanket Jackson, seen here with their Aunt Latoya, are getting $8 million a year each allowance to live on.

Michael Jackson's three kids certainly aren't worried about a lack of money.

Five years after their dad's death, his children -- ages 17, 16 and 12 -- enjoy an $8 million allowance a year, the New York Post reports.

The sum -- an increase from the $5 million they used to split, thanks to the estate's growing earnings -- is separate from the $1 million-plus that grandmother Katherine gets to watch over Prince, Paris and Blanket.

Among their expenses are Prince's $30,000 tuition at a private school and a six-figure yearly payout for the boarding school in Utah where Paris lives after her 2013 suicide attempt.

Prince has given more than $50,000 in custom jewelry and other gifts to at least three different girlfriends, a family insider said, while Paris buys footwear and athletic gear for her friends. Blanket pays $200 an hour for karate lessons and more for a personal trainer.

Still, family members say the children are more frugal than their dad, who once paid $4 million for a life-size bronze statue of a child and bought two $75,000 bottles of perfume in flasks made of gold and diamonds.

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