The children take a minimum of three holidays a year – an annual cost of around $350,000 (£208,200) once the expense of ferrying their various bodyguards, guardians and other relatives are factored in.
Recent stays include the $5,500-a-night (£3,272) Kahala Hotel and Resort in Honolulu, Hawaii and Las Vegas’ Bellagio at $5,000-a-night (£2,970).
Blanket, the youngest child, is said to pay $200-an-hour (£119) for karate lessons and also has a personal trainer and chef.
He enjoys taking his cousins out for dinner at top restaurants, where meals cost at least $500 (£297), before going to the cinema.
Prince is said to be hoping to buy back Jackson’s famous Neverland ranch one day. It is currently in the hands of creditors, and has an asking price of $35 million (£20.8 million). He and his siblings will inherit half of their fortunes on their respective 33rd birthdays.
The children’s high-spending ways were encouraged by Jackson, who is said to given Prince and Paris’s nanny a pile of cash totalling $20,000 (£11,900) when they were four and three-years-old, telling her to “take them out and buy them whatever they wanted” while on a shopping spree in Las Vegas.
Marc Schaffel, a former friend of Jackson who is due to marry Debbie Rowe, the singer’s ex-wife and mother of the oldest two children, later this year, told the Post: “He said, ‘Go out and entertain yourselves.’ ”
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