Last year—six years after the death of The Purple One—his $163 million fortune was divided up amongst his six half siblings.
The man born Prince Nelson did not leave a will before his untimely death in 2016. He was 57 years old. Entertainment Weekly reported that, “The estate will be divided between three of Prince’s oldest siblings and Primary Wave, an independent music publishing and talent management company that purchased the interests of the music icon’s younger siblings.”
This came after the singer’s sister, Sharon Nelson, said that the estate acquired $3 million in legal fees while debating how to allocate the estate, at which point each of the six siblings had only received a $100 thousand stipend.
“We cannot afford an attorney,” Sharon said. “You walk through the door and it’s $400. Now we write our own affidavits and petitions.”
In all, the siblings received $6 million in cash, as well as music rights from the artist’s vast collection of released and unreleased work. The entire amount was is to be split between Prince Legacy LLC and Prince OAT Legacy LLC.
Comerica Bank & Trust, who administered the estate, kept $3 million to offset the “the costs and expenses associated with closing the Estate.”
Sources:
Prince’s estate worth $156.4 million in final valuation | EW.com
Prince family and advisers settle distribution of singer’s $156m estate | Prince | The Guardian
6-Year Fight Over Prince’s Estate Finalized, Money Split Down Middle (people.com)
