The fortune of the late Prince of the music scene Prince, including the rights to his songs, is valued at $ 156.4 million. The singer passed away without leaving a will in 2016 and his fortune will be divided to three of his brothers, as well as to the record company “Primary Wave”, which in August 2021 acquired the rights to Prince’s songs by three other heirs. two of whom have died.
Comerica Bank, the company that manages his fortune, agreed on this amount with the Revenue Service (IRS) and the heirs of the famous musician.
According to the Guardian, the redistribution of property will begin next month. “It was six whole years,” said L. Londell McMillan, a lawyer for the three heirs, who faced a costly legal process to settle and distribute the star’s estate.
Prince’s brilliant and large list of songs spans funk, R&B, new wave and more, and includes pop masterpieces such as Purple Rain, When Doves Cry and 1999. Legacy holders can earn revenue from streaming and sales rights, as well as the use of Prince’s songs in film, television and advertising.
The legend of the world music scene during his career won seven Grammy Awards, one Oscar, and has sold over 100 million records worldwide. He was married and divorced twice. In 1996 she had a son but died a week after his birth.
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