Who Will Inherit Prince’s $300 Million Estate?
Prince was remembered at a private memorial service at Paisley Park last weekend, but The Purple One also left behind a load of great music and a massive fortune with an estate worth of $300 million. But one question remains: who will get it?
Prince had one son, Boy Gregory, who tragically passed away only a week after being born. The twice-divorced music icon also wasn’t married at the time of his death — Manuela Testolini was his last wife but they divorced in 2006 after five years. And his parents have been dead for decades.
One possible answer is Prince’s younger sister, Tyka Nelson, who arrived at Prince’s home, Paisley Park, on Friday (April 22), one day after her brother’s death.
“Hopefully, Prince executed a trust, and indicated his intentions both with respect to who his trustee would be and how he would want the estate to be disposed of,” said celebrity probate attorney Dan Streisand to Reuters.
Whoever it is, it’ll be a hefty burden to carry. On the day of his death, Prince sold over 230,000 albums and one million singles in the U.S., according to BuzzAngle Music, a site dedicated to tracking daily music sales. In 2014, the 57-year-old singer-guitarist was also able to gardner the rights and ownership to all of his master recordings.
Two of Prince’s projects — The Very Best of and Purple Rain — is also seeing some monumental success. But on top of that there’s rumored to be thousands of unreleased music in the basement of Paisley Park.
We hope whoever gets the huge sum will honor Prince and continue to move in a way that is respectable to the late soul icon’s rich musical legacy.