To many fans, Prince was larger than life and his untimely death took most of us surprise. To this day, his family is still going back and forth to court to settle his estate. Now, they’ve revealed interesting details about the legendary singer’s assets. Court documents, filed on January 31, 2018, reportedly offer a breakdown of Prince’s assets and the cash he had in the bank all the way down to the penny.
Total Amount Prince Had At Time Of Death:
According to The Blast, Prince had more than $40 million which included cash, property, and other assets – $40,199,028.75. to be exact. It has been reported that Comerica Bank & Trust, the financial institution representing the Estate of Prince Rodgers Nelson, offered a breakdown of assets in Prince’s name include $18,719,062.29 in cash, a box labeled “Prince Concert Tribute,” and properties consisting of land and seven homes in the state of Minnesota. Of course, Prince also had shares in music companies including his own Paisley Park Enterprises which he had 10,000 shares in amounting to $1,178,991.29.
Prince also had shares in NPG Music Publishing, LLC, and NPG Records, Inc. The assets for the publishing company equate to $11,953,463.46 in cash and he holds a total of $8,192,512 in the record company. The 1999 singer also had “six automobiles (including a 1992 Ford Thunderbird, 1995 Jeep UT, 1997 Lincoln Town Car, 2004 Cadillac, 2010 Mercedes Benz, 2011 Lincoln MKT) and four homes in Chanhassen, Minnesota,” according to the publication.
Check out an image of the breakdown below:
An Ongoing Family Battle:
With $40 mill’ at stake, Prince’s family members have been battling since his death back in April of 2016. The latest news follows the release of details about Prince’s siblings’ frustration with Comerica Bank & Trust being the administrator of his estate.
According to Billboard, back in October 2017, “the late music superstar’ half-siblings Sharon, Norrine and John R. Nelson filed a motion Friday to remove Comerica Bank & Trust as estate executor. The three are upset that Comerica recently removed the contents of Prince’s vault, including master tapes of unreleased music, from his Paisley Park studio complex in Minnesota and shipped the materials to California.” But despite their demands, it looks like Comerica Bank & Trust is still part of Prince’s financial equation. As we all know by now, Prince passed away in 2016, without leaving behind a will. So the battle over his estate will most likely be ongoing for quite some time.
