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Jackson had a huge soft spot for charitable causes. He gave millions of his own money and helped raise millions more to support advocacy groups ranging from the Juvenile Diabetes Research Foundation to the American Cancer Society. His efforts prompted a listing in the 2000 Guinness Book of World Records for most charities supported by a pop star.
He donated $1.5 million to a burn center, the proceeds from a settlement he received from PepsiCo after sustaining second-degree burns to his scalp while filming a 1984 TV commercial for the soft-drink giant. Later that year, he donated an additional $5 million to charity from his share of the Jackson 5's Victory Tour. Also that year, he was honored by President Reagan for his contributions to combat drug and alcohol abuse.
Jackson also co-wrote with Lionel RichieWe Are the World, the star-laden 1985 single that sold 20 million copies, raising millions for famine relief. He reprised the song (pictured) at London's World Music Awards in 2006.
At the direction of his publicist and accountant.
He was swimming in millions of $$$’s before he had a concept of what money was and pissed away lavishly 100’s of millions more than he could have dedicated to worthy causes.