One of Michael Jackson's most well known assets, the Beatles music catalogue, will not be left to its rightful owner. Paul McCartney has posted on his website that he will not receive rights to the songs. This contradicts rumors that said otherwise. McCartney also debunked the idea that he was upset at not regaining his creations. He said the notion of his inclusion in Jackson's will was completely media-fabricated and "something I didn't believe for a second." Jackson gained ownership of the catalogue after placing the winning bid—$47.5 million—to buy it from British mogul Sir Lew Grade in 1985.