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Austin360 blogs > Out & About > Archives > 2011 > July > 02 > Entry

Milton Verret: The man behind the Michael Jackson jacket

Who spends $1.8 million on a lightly used red and black leather jacket? Formerly low-profile Austin businessman Milton Verret, who plans on leveraging the outfit Michael Jackson wore in the 1983 video “Thriller” for children’s charities.

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“In my mind, I wasn’t going to pay more than $1.2 million,” Verret said Friday about the Beverly Hills, Calif., auction Sunday. “And that’s high. Then I thought I’d use it to raise money for little kids. So it became a kind of mission.”

Verret is a lifelong collector — of cars and guitars, especially — and an astute trader, having made millions of dollars in the gold business.

A recent visit to Dell Children’s Medical Center of Central Texas, however, rededicated the former television crewman to kids’ causes.

“He’s a very generous man,” said Maureen “Missy” Wood, executive director of the Children’s Medical Center Foundation. “We feel it’s coming from the heart.”

Groups such as the Make-a-Wish Foundation and ChildHelp had already received big chunks of the more than $700,000 Verret has given away in recent years.

“I saw all these kids pushing around little IVs, making their way to their books and things,” he said of his hospital visit as part of the upcoming Cow Parade charity campaign, to which he has donated $50,000. “I’ve encouraged everybody to go volunteer and help there. It’s a whole new chapter in my life.”

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Permalink | Comments (1) | Post your comment Categories: Charity, Music

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By DanO

July 4, 2011 4:28 PM | Link to this

I worked with Michael Jackson for off and on ten plus years. I have some videos that have never been seen before. Including some private moments on the biggest night of his life. I would imagine that Mr. Verret might have some interest in seeing them. I don't like it when people solicit me but perhaps, if you think the same, you could contact him and give him my email with a return number where I might reach him.
Thanks
DanO

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