Finally! After Much Drama, Judge Announces Who’s Getting Prince’s $200 Million
Ever since the beloved Prince passed away on April 21, 2016, the anticipation of his loved ones has been on level 10, regarding the fate his $200 million estate.
The Past Drama Over Prince’s Estate
Since Prince died without a will, folks were losing their ever-loving minds trying to get a piece of the pie. Over 45 so-called “kids” and alleged “wives” crawled out of the cracks like roaches. All the while, Prince’s six siblings- Tyka Nelson, Sharon Nelson, Norrine Nelson, John R. Nelson, Omarr Baker, and Alfred Jackson- have been waiting in the stressful wings, hoping that none of those unknown money-hungry scammers turned out to be true.
However, there were also reports about the alleged internal beef taking place among the six siblings over everything from Prince’s memorial service arrangements, to his extensive music catalog, to which attorneys should negotiate on behalf of Prince’s estate, to who -out of the six siblings- should be the HPSIC (head Prince sibling in charge). Welp, hopefully most- if not all– of that drama is officially over.
Judge’s Decision On Who Inherits The $200M Estate
A Minnesota judge has finally weeded through all the nonsense claims and determined who will inherit Prince’s estate. See details below:
Via ABCNews: [Carver County District Judge Kevin Eide] confirmed Prince’s six siblings to be his rightful heirs in a ruling released Friday, bringing them a big step closer to collecting their shares of the music legend’s multimillion-dollar estate. The siblings will still have to wait to inherit their shares of Prince’s estate, which court filings suggest has an estimated value of about $200 million, though taxes are expected to consume about half of that.
So after all the paperwork is handled and bills are paid, Prince’s siblings will get almost $16.7 million each of the approximate $100 million that will be left.
Will Prince’s Heirs Be Able To Handle The Money?
As we previously reported, Prince was paying the bills for several of his siblings. Hopefully with their newfound responsibility of having to manage a large sum of money themselves, no one will self destruct in the process.
Not trying to throw shade at them in any way, but c’mon now, we’ve all seen cases where say, someone has gone from nothing to winning the lottery. The lottery winner then makes hasty business moves, like starting a record label, buying a car wash location, investing in a new local chicken wing business for their cousins and ‘nem and so on. And what typically happens next? They end up broke as a joke and back where they started about two years later. Well it’s the same thing here…so again, hopefully Prince’s siblings will make much wiser decisions with their share of his estate. Wishing them the best and much success in the future.
On a side note, is it just me, or does it seem that by now, Prince’s estate should be worth a lil’ more than $200 million? Not saying $200M’s is small change by far, but it especially seems that it should have been more, considering Prince’s many mega hits, business ventures, licensing and publishing revenue, etc., as well as the major spike in his record and digital streaming sales after his passing. Hmmmm…
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