MJ's children granted annual income of $8 million

London: King of Pop Michael Jackson's children have been granted a total annual income of $8 million.The late pop star, left behind three children when he died of acute Propofol intoxication in 2009 - 17-year-old Prince, 16-year-old Paris and 12-year-old Blanket - and the court that oversees their welfare has now allocated finances for their living expenses, reported Daily Star.[caption id="attachment_1514897" align="alignleft" width="380"] Reuters[/caption]The expenses for the youngsters, who live with their grandmother Katherine Jackson and their cousin TJ Jackson in Los Angeles, California, breakdown as $3 million for their school fees, $300,000 for holidays and USD 600,000 for a personal security team.The court has also authorised them to spend a further $200,000 a year from their late father's estate on renting a mansion.In addition to Paris, Prince and Blanket each receiving $15,000 a month in spending money, their legal guardian, Katherine, also receives $1.2 million a year for looking after them.PTI