Micheal Jacksonâ€™s oldest son, Prince Jackson, reportedly has to watch his finances. A source close to the Jackson clan says that the sharks, looking for a payday, have begun closing in on the 17-year-old.
Currently Prince is under the court-ordered guardianship of his cousin, T.J. Jackson. And the humongous amount of money, left to him by his father, is still controlled by a trust. Once guardianship ends when he becomes 18 in February, the trust will give him cash in installments when heâ€™s 21, 30, 35 and 40. After heâ€™s personally in charge of his money, Prince will be a prime target for folks looking to â€śmanageâ€ť his career. Heâ€™s already expressed an interest in being a film producer and director.
According to another insider, Prince has already begun working with such a shark: a woman, who used to work with some of the Jacksons, says she is currently managing him and finding film opportunities. The insider also said sheâ€™s begun â€śprotectingâ€ť Prince from members of his family.
Sounds like the bumpy road has already begun for another one of MJâ€™s heirs.