Quantcast

PRINCE ESTATE VALUE SET AT $156.4M

Prince's estate finally has an agreed-upon value: $156.4m. The process of distributing his wealth could begin in February.

The Internal Revenue Service had valued the estate at $163.2m in 2020, while its administrator, Comerica Bank & Trust, had pegged it at $82.3m.

Now that the government and Comerica have an agreement—after six years of legal battles—it’s up to the estate’s stakeholders to give their OK for the distribution of monies.

Primary Wave became the largest shareholder in the Prince estate last summer; it owns about half. Prince’s half-siblings, SharonNorrine and John Nelson, hold most of the remaining half.

Prince died in 2016 without a will.

MERCURY ORBITS AJR
The Met brothers have a new label home. (5/17a)
NEW RELEASES: KING
KENDRICK RETURNS
Another record-breaking debut week. (5/17a)
PRIDE & JOY
From the archives (5/17a)
NEW & DEVELOPING ARTISTS: Q2 EDITION
Place your bets here. (5/17a)
STREAMING SONGS: SUMMER HEAT
His lucky number is 23. (5/16a)
SUPERSTAR RELEASES
Who's next?
MUSIC BIZ SPECIAL
It's Comic-Con for numbers geeks.
THE BIG CHEESE
Theories of evolution from 30,000 feet.
THE NEXT GIANT DEAL
A&R in overdrive.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)