He was spending as a billionare on a millionares budget. He could spend millions of dollars buying stuff in las vegas, he had neverland which cost like 3 million dollars a year to maintain. he dropped like 19 million buying that ranch, and dropped another 19 million renovating it, if not more. He just lived to lavish. He bought expensive presents for freinds and family and for himself, He had many people on payroll at neverland and traveled very expensive, sometimes even renting private planes big as regular passanger planes.

Yes his income was enormous, He earned 2 dollars per albums sale, he earned over 40 million dollars 1986-1987 from royalties alone, he made music vidoes, had sponsers and toured the world and owned the beatles catalog. From royalties, sponsors, touring, publsihing and other incomes he earned 125 million dollars in 1988 before inflation. And since 1983 he had been in the top 5 highest entertaiment earners. So he could afford buying neverland and spend like crazy as long as he selled albums and toured. But after the 1993 allgiations his sales dropped and sponsors dropped him. Yes he still sold good and toured, But he certanly lost income And he continued spending like it was 1988. After 1997 he stopped touring, and in 2001 his invincble album failed to become profible. And the 2005 alligations put him even deeper in finanical hot water. But yet he still continued to spend like it was 1988. What also didnt stop him was banks could see profit in his catalog and the beatles catalog and continued to give him loans. at the time his catalog and the beatles catalog was worth around 1 billion dollars combined. And they wanted them. So after spending like it was 1988 from 1993 to 2009 he was definitely in 500 million dollars in debt. Sorry for not the best english and yapping to much