Final valuation of Prince’s estate pegged at $156.4 million
/cloudfront-us-east-1.images.arcpublishing.com/gray/A7GEQYTMYRE45JAADDNSW4M2TE.jpg)
Published: Jan. 15, 2022 at 9:00 PM CST
MINNEAPOLIS (AP) - The six-year legal battle over Prince’s estate has ended.
The Minneapolis Star Tribune reports that parties to the pop superstar’s estate have pegged the value at $156.4 million.
That dwarfs the $82.3 million appraisal by the estate’s administrator, Comerica Bank & Trust.
The Internal Revenue Service in 2020 had valued the estate at $163.2 million.
The process of distributing the star musician’s wealth could begin in February.
Prince died of a fentanyl overdose in 2016. He did not leave a will.
The estate will be almost evenly divided between a New York music company and the three oldest of the music icon’s six heirs or their families.
Copyright 2022 The Associated Press. All rights reserved.
/cloudfront-us-east-1.images.arcpublishing.com/gray/7N4VRTNGHVB3NPVGPRGDW7YWJQ.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/ON632B5V7FFJZFW5DLIQJLX6QI.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/2ZFSIPNTBFF5JJZ7IXZOEVDAK4.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/ONM4ZISITZEHFA2TKTYHLIEFOY.png)
/cloudfront-us-east-1.images.arcpublishing.com/gray/DJRHOUMZSRDSXNGHCZQHEQLCJA.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/VEXRVP4KDFBGTPMNCGZAIOKP3M.bmp)
/cloudfront-us-east-1.images.arcpublishing.com/gray/JXY22LKRZJAI5EAIM6XFWHKAA4.PNG)
/do0bihdskp9dy.cloudfront.net/08-18-2022/t_6f6b0d248f034e27b8b0ce11869b614d_name_file_1280x720_2000_v3_1_.jpg)
/do0bihdskp9dy.cloudfront.net/08-17-2022/t_1bf3abb924924efabb9ecac51cd6086a_name_file_1280x720_2000_v3_1_.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/gray/I2USHMMJSFBUVLT4EQHV73NW64.png)