After an expensive and multi-year legal process his family Prince and the heirs of the singer’s fortune, it seems that they have finally found a solution for how the enormous will be shared estate of the pop star.
It is recalled that Prince passed away on April 21, 2016 at the age of 57, at his Paisley Park home outside Minneapolis, of a fentanyl overdose, without leaving a will. The singer’s fortune is estimated at 156 million dollars.
According to legal documents in the possession of the website “The Blast”Comerica Bank, which oversaw the administration of the singer’s estate, closed the case and distributed the money to members of the singer’s family.
According to the same information, Prince’s fortune reaches 156 million and the decision that came out specifies how it will be shared in money.
Prince has sold over 120 million albums worldwide, and ranks among the best-selling artists of all time. His awards include the Grammy President’s Merit Award, the American Music Awards for Achievement and of Merit, the Billboard Icon Award, an Academy Award and a Golden Globe. He was inducted into the Rock and Roll Hall of Fame in 2004, the UK Music Hall of Fame in 2006, the Rhythm and Blues Music Hall of Fame in 2016 and twice into the Black Music & Entertainment Walk of Fame in 2022.
With no surviving spouse or children, Prince’s fortune passed to his half-siblings. The final agreement calls for the fortune to be divided among Prince’s three older siblings and their families. The singer’s sister, Taika Nelson, sold most of her stake to Primary Wave, as did Alfred Jackson and Omar Baker. Two of his heirs, however, died while the case was pending.
Three of the heirs sold their shares to a company called Primary Wave, which bought the rights to Prince’s extensive catalog of songs last August. Three others kept their shares and hired longtime Prince L advisers Londell McMillan and Charles Spicer to manage them.
“Prince can now rest in peace.” his half-sister, Sharon Nelson, said after the hearing. “We are finally free, thank God Almighty, we are free, it has been a long, long and exhausting six years.”
Source: News Beast
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