Michael Jackson Kids ALLOWANCE RAISED To $8 MILLION A YEAR

Michael Jackson‘s kids, Prince, 17, Paris, 16, and Blanket, 12, have received an increased in their allowance – from $5 million to $8 million.

CA-CHING!

Sources including former Jackson friend Marc Schaffel, who’s now engaged to Jackson’s ex-wife Debbie Rowe, for details on how the kids spend their money:

–Prince has spent more than $50,000 on custom-made jewelry for three of his girlfriends, plus $40,000 on a new Ford pick-up truck. He wants to save enough money to buy back his father’s Neverland Ranch, currently in control of creditors with an asking price of $35 million.

–Paris also likes to buy gifts for friends, including shoes and athletic gear. The annual cost for her to stay at a therapeutic boarding school, following last year’s suicide attempt, is also in the six figures.

–Blanket likes to take his cousins to dinners at expensive restaurants; their nights out, which also include trips to the movies, typically come to about $500 plus tips. He also spends $200 an hour for karate lessons and a personal trainer. source