According to a recent report in The Wall Street Journal, Pop star Michael Jackson may have had debts of up to $500 million (U.S) when he died of a reported heart attack last week, the result of bad business decisions, associated lawsuits and a lavish, often whimsical jet-setting lifestyle with an entourage of security, personal assistants and careers for his three children in the mid-1980s without the vibrant musical career to sustain it.