MINNEAPOLIS — The Minnesota probate judge overseeing the late Prince’s estate has declared his six siblings are the heirs to the multiple millions of dollars he left behind. More
An inventory of Prince‘s estate submitted to a probate court in Minnesota shows he had acquired tens of millions of dollars’ worth of real estate and other personal property before he died last year. More
MINNEAPOLIS (AP) — Prince’s estate is worth about $200 million, a new court filing suggests.
It’s the first time a specific estimate has emerged publicly from court proceedings following Prince’s April overdose death. Since he left no known will, the rock superstar’s sister and five half-siblings are in line to inherit equal shares of the estate — after taxes gobble up about half of it. By comparison, David Bowie’s estate was worth about $100 million when he died in January, according to his will.
Shortly after Prince’s death, when officials were beginning to place a value on his musical catalog, unreleased music, the Paisley Park studio complex and other assets, one lawyer for the company overseeing the estate, Bremer Trust, said it could be worth somewhere between $100 million and $300 million.
Attorneys have avoided giving specific figures in public since then, but based on a court filing made public this week, Bremer Trust puts the value of the estate at about $200 million, the Associated Press has calculated.
That figure is based on…