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Michael Jackson’s sister Janet Jackson will have the task of untangling the King of Pop’s complicated finances.

According to the New York Post, Janet has been named the executor of his estate and will soon begin the long process of handling his assets, debts and what money, if any, her brother left behind.

A family friend tells the New York Post, “She’s in charge, she had the documents, she has control of his stuff.”

Katherine Jackson granted temporary custody of MJ’s kids

When Jackson died on Thursday, he left an enormous musical legacy and a back catalogue worth millions – but also huge debts, caused by his legendary and unrestrained spending sprees.

Take a look at our Michael Jackson tribute gallery:

http://hellobeautiful.com/external/js/gallery/329951

For 2024’s iteration of MadameNoire and HelloBeautiful’s annual series Women to Know, we knew we wanted to celebrate the people who help make the joys of film and television possible. To create art is to create magic. This year, we spotlight Hollywood Executive’s changing the face of cinema.