Final valuation of Prince’s estate pegged at $156.4 million
January 17, 2022 8:03AM CST
@ap.news FILE – In this Feb. 4, 2007 file photo, Prince performs during halftime of the Super Bowl XLI football game in Miami. Minnesota court records show a wrongful death lawsuit filed by Prince’s family members has been quietly dismissed in recent months against all defendants. Prince died of an accidental fentanyl overdose on April 21, 2016. (AP Photo/Chris O’Meara, File)
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.
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