Michael Jackson's son, Prince Jackson, whose net worth, according to Celebrity Net Worth, is $150 million, is now engaged to Molly Schirmang. The eldest of the King of Pop's children announced the news through an Instagram carousel on Tuesday, August 26. Set to Michael Jackson's I Just Can't Stop Loving You, the first photo on the post showed Prince and Molly sharing a sweet kiss, with Molly wearing the engagement ring. Michael's mother, Katherine Jackson, appeared in the second photo alongside the couple. The remaining slides displayed photos of Prince and Molly over the years. In the caption, Prince celebrated their eight years together with a promise that their love would last forever. He wrote:"Molly and I have spent a lot of time together and made incredible memories. We’ve traveled the world, graduated and grown so much together. I’m excited for this next chapter in our lives as we continue to grow and make great memories. I love you babs" View this post on Instagram Instagram PostAlthough Michael Jackson's estate was in substantial debt of $500 million at the time of his death, it managed to settle all debts with creditors. A July 2025 Parade article reports that the late singer's estate is now valued at $2 billion. After his death, his mother, Katherine, received 40% of his assets. 20% went to charities, while the remaining 40% was divided among his three children, Prince, Paris, and Blanket (Bigi). Although Prince earned a degree in business administration, he initially entered the entertainment industry to follow in his father's footsteps. In 2013, he worked as a correspondent for Entertainment Tonight and made his acting debut with a cameo appearance on 90210 the same year. Prince also shares his late father's philanthropic interests. He co-founded the charity, Heal Los Angeles Foundation, in 2016.A brief look at Prince Jackson and Molly Schirmang's relationshipPrince Jackson and Molly Schirmang started dating in 2017. They met while attending Loyola Marymount University in Los Angeles. The following year, in March, he announced their relationship with an Instagram post celebrating their first anniversary. Although Prince has mostly kept his romance with Molly private, he shared some insights into their relationship in an October 2018 interview with People. Prince told the outlet:"I think in everything there's an important balance."Referring to Molly, whose name Prince Jackson had not disclosed at that time, he added:"I think that I'm a certain way, and she's very, I don't want to say opposite, but complementary in a way that we balance each other out. I'm more aggressive, she's a little softer."Prince said his girlfriend encouraged him to have different perspectives in life, which helped them stay composed.Following the news of Prince Jackson and Molly Schirmang's engagement, his cousin, Taryll Jackson, son of the late Tito Jackson, congratulated the couple. Brandi Jackson, the adopted daughter of Jackie Jackson (Michael Jackson's brother), also sent her congratulations.