Photo: penner

Prince’s Estate Valued At $156,000,000.00

Valued at $156.4 million dollars, the six-year legal battle over pop superstar Prince’s estate has ended, with the distribution of the artist’s wealth starting as soon as next month.

Following an extremely lengthy court process, the superstar singer/songwriter (born Prince Rogers Nelson) passed away in 2016 without a will, and following six years of assessments, all parties involved with the musician’s estate have finally agreed on its value.

While the estate’s original administrator, Comerica Bank & Trust, valued Prince’s estate at $82.3 million, officials at America’s tax agency, the Internal Revenue Service (IRS), countered it’s worth at $163.2 million.

According to L. Londell McMillan, lawyer for the three heirs, in the Carver County District Court in Minnesota, “It has been a long six years.”

The estate will be divided between three of Prince’s siblings as well as the publishing company Primary Wave, who bought out the other three heirs in 2021. With the dispute reported to have cost millions in legal fees the three siblings have faced a long legal battle to have the estate’s value settled and redistributed,

Prince passed away in April 2016 at the age of 57 due to an accidental fentanyl drug overdose.

Keep up with the latest trending music news by following us on FacebookTwitter, and Instagram

Author: Al Denté

Photo: penner