Michael Jackson`s mother has not received any money

Katherine Jackson - who has custody of the late `Thriller` star`s three children, Prince Michael, 13, Paris, 12, and eight-year-old Prince Michael II, known as Blanket - is reportedly receiving financial support from her daughter Janet Jackson as the money left to her by the `Billie Jean` hitmaker is currently being diverted elsewhere by those in charge of his affairs.

A source told gossip blog The Scoop: "Katherine told Oprah Winfrey that she hasn`t received a penny from the estate since Michael died.

"What the lawyers for the estate have told her is that they have been busy trying to retire some of Michael`s massive debt and they have maintained bills at Hayvenhurst, the Jackson family home and the kids` school."

In an apparent bid to generate funds, The Jackson Family Foundation - which lists Katherine Jackson as vice chairman and her husband Joe as chairman - are to host a tribute concert in memorial of Michael, who died of acute Propofol intoxication in June 2009, next month.

Dubbed a "money grab" by pals, the event faces criticism from the singer`s siblings, with sister Rebbie and brother Randy expected to voice their objections.

A preliminary draft of a statement expected to be released by the pair says: "It has been bought to my attention that The Jackson Family Foundation is staging a `Legacy of the Legend` concert Nov. 13 in Atlanta. That show is being billed as a tribute to my brother, Michael Jackson.

"Reportedly, I and others are scheduled to perform at this concert ... I am in no way associated with this event or the foundation and I wish to make that clear because I do not want to be party to anything that could potentially pose legal or other problems now or in the future."

sections: Celebrities