The Prince’s Estate is valued at $156.4 million dollars.
Following a six-year legal battle over Prince’s inheritance, all parties have agreed on a $156 million value.
The Internal Revenue Service (IRS) assessed Prince’s net worth to be $163.2 million, while Comerica Bank & Trust estimated it to be $82.3 million.
According to court papers released Friday, the negotiated price of Prince Rogers Nelson’s estate is worth a total of $156.4 million, an amount that the artist’s heirs have seemingly authorized, according to Minnesota’s Star Tribune.
The process of dispersing the artist’s money might begin in February now that the dispute has been resolved. The gift would be split equally between Primary Wave, a New York music label, and three of Prince’s elder siblings and their families.
Prince died of a fentanyl overdose at his Paisley Park mansion in Minnesota in April 2016 at the age of 57. When he died, he didn’t leave a will. Two of the six brothers’ heirs, Alfred Jackson and John R. Nelson, died not long ago. Two of the others are beyond the age of ninety.
Thousands of dollars have been spent since then on lawyers and specialists to handle his inheritance and design a distribution plan.
“It’s been a hard six years,” L. Londell McMillan, an attorney representing three of Prince’s siblings, said at a hearing Friday in Carver County District Court.
Prince was nominated for 38 Grammy Awards over his career, winning seven of them.
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