Prince Michael Jackson: Headed For Self-Destruction?!

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With his 18th birthday coming up in February, Prince Michael Jackson will soon have access to an unimaginable amount of cash.

Naturally, Prince has lived a privileged experience since the day he was born, but as he prepares to take full control of his own finances for the first time, family and friends are reportedly concerned that Jackson will fall victim to the same decadent lifestyle that carried such tragic consequences for his famous father.

Paris and Prince Michael Jackson Picture

"His family is concerned that he is growing up too quickly," a source tells Radar Online. "There are big concerns over his inheritance, because he will be an adult with more money than one can even imagine."

"Prince is young and arrogant and seemingly already considers himself to be royalty."

Yes, the fabulously wealthy teen apparently makes a point of living up to his first name. In fact, insiders say Prince Michael is dating Kuwaiti princess Remi Alfalah, and he reportedly loves rubbing elbows with actual royals.

Though some have pointed out that there's not a great deal of family resemblance between the elder and younger Jacksons, Prince is said to be every bit his father's son.

Sources say Prince has no interest in a relationship with his mother, and he still experiences periods of deep depression over the loss of his father.

Jackson insiders say that the family sometimes grows concerned by how much father and eldest son share in common.

The two have even experienced similar health concerns, as Prince Michael reportedly suffers from vitiglio - the skin condition that so dramatically altered Michael's appearance.

While Prince won't receive his entire inheritance when he turns 18, many in his inner circle are concerned that the eight-figure chunk that will be handed over to him is more than enough to do irreparable damage to his health and reputation.

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Prince Michael Jackson