Talk about a big allowance!
It's been revealed the children of late singer Michael Jackson — Prince, 17, Paris, 16, and Blanket, 13 — receive a whopping $8 million annually for their living expenses, separate from the $1 million their grandmother Katherine receives to watch over them.
Prince’s $30,000 yearly tuition at a private school and the six-figure annual sum for Paris to stay at a therapeutic boarding school in Utah following her 2013 suicide attempt are among the expenses.
A family insider also claims Prince has spent more than $50,000 on custom-made jewelry and other gifts for at least three different girlfriends.
The children enjoy up to three holidays a year to places like Hawaii and Las Vegas, which cost about $350,000, including payments to bodyguards, family members, chauffeurs and first-class travel.
Meanwhile, Paris buys gifts for her friends at school and Blanket spends $200 an hour for karate lessons and a personal trainer.
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The three also have a chef to whip up meals at their $26,500-a-month rented mansion in Calabasas, California and they often dine out at trendy restaurants.
A source told Page Six, "These things that they’re doing, they are mostly paying for themselves with their own money. Look, they also get $15,000 to $20,000 every month just in walking-around money. No one else has that kind of dough around here."
The source continued, "This is why you have had so much of the fighting going on in the family. But the battles have calmed since their uncles have finally found consistent work and everyone has pretty much left [Katherine] alone about money.”
But the insider insisted the children know when they’re spending too much.
"They’re not [as bad] as their father [at spending money]," said the source. "They also seem to have more of a sense as to when they may be going overboard."
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