Michael Jackson estate executors handed $5.5M from King of Pop advisor Dr. Tohme Tohme
The executors were just handed $5.5 million that Jackson had asked one of his financial advisors to hold for him - plus a ton of personal items that could be auctioned for big bucks.
Although it was widely believed the King of Pop was cash-poor, apparently he had some serious moolah just lying around. Dr. Tohme Tohme, a close advisor to the music icon, said he's the one who turned over the millions listed in court documents last week.
"I had the money and I gave it to them. It was a secret between Michael and me," he said.
Tohme said the money came from recording residuals and Jackson planned to use it for a "dream home" in Las Vegas.
"He said, 'Don't tell anyone about this money,'" he recalled.
"But when he passed away I told them I had this money, and I gave it to them."
Tohme said he also turned over belongings from Jackson's Neverland estate that were in storage after a planned auction was cancelled.
Although Jackson was saddled with huge debts before his death from a suspected drug overdose on June 25, administrators believe the estate will eventually be solvent.
They're cutting deals to bring in "tens of millions of dollars of revenues," recent court filings said. Jackson's will named his mother and three children beneficiaries of his estate - believed to be worth $500 million in part due to his share of a music catalog that includes the Beatles.