No.
Vocally not in the same ballpark as male r'n'b legends Sam Cooke, Jackie Wilson, Marvin Gaye, Otis Redding, Stevie Wonder, Ray Charles, etc.
Most of his original dance moves were ripped off from James Brown; and he got Jeffrey Daniels from Shalamar to teach him how to do the Moonwalk,
http://www.youtube.com/watch?v=END_WYdf8pw
then brazenly had his people claim he had invented it (as if he was Simon Cowell on X-Factor USA this week).
Musically he was going nowhere until he hooked up with producer Quincy (Dinah Washington, Sarah Vaughan, Ray Charles. Peggy Lee, Frank Sinatra, Ella Fitzgerald, Count Basie, Sammy Davis, Jr., Rufus ft Chaka Khan, George Benson) Jones.
He lucked out with videos directed by John "American Werewolf In London" Landis. Having already worked with UK video director Steve Barron who had previously done groundbreaking videos for Adam & the Ants, Human League, OMD, Japan, Fleetwood Mac, Toto, Joe Jackson, Tears For Fears, Eddy Grant, Thomas Dolby, Spandau Ballet, and the debut video shoot the week before for some American female singer
http://www.youtube.com/watch?v=pufec0Hps00
His best song Billie Jean bass hook ripped off Hall & Oates "I Can't Go For That (No Can Do)".
He lacked the innovation to develop his music & visual formula that true pop music greats The Beatles, David Bowie, Madonna & Prince managed.
His live shows are only innovative if you regard having choreographed performances, with a large amount of backing tracks, and on later tours even made vocal lipsynching acceptable (see Britney Spears in the UK at the moment), taking as much of the improvisation (and therefore uniqueness) of a performance as possible out of the very essence of a live performance.
To even compare him in the same breathe live to Prince is a massive insult to his Purpleness.
Anyone who needs firstly promoter Don King (the 1984 Jacksons Victory tour), and later good friend Elizabeth Taylor; and then have his record company tell TV stations they can't show his latest video with calling him the King Of Pop is not worthy of the title.
.... and that's without mentioning you know what which most normal adult males would get locked up for.