From Gold To Real Estate, Prince Stacked Assets Worth Billions
Prince lived his life king size is no understatement considering the whopping assets he possessed. Prince apart from being the iconic musician that he was, also owned many millions.
According to People the Craver County District Court revealed Prince had a taste different from his contemporaries and liked the old fashioned way of keeping his assets in the form of gold bars and property. Apparently sixty seven gold bars of 10 oz. each were found in his possession with the amount totaling to a whooping $836,166.70 after his death on April 21, 2016.
Though Prince reportedly had no stocks, bonds and other securities in his possession, his real estate holding was a glamorous one. He had 12 Minnesota properties worth more than $25.4 million. Besides this he also had $110000 in four of his bank accounts and $6 million spread around his companies namely Paisley Park Enterprises Inc., NPG Records Inc., NPG Music Publishing and LotusFlower.
The manifest claims that it is not all that the iconic pop star can be envied of. Valuation for many other goods and released videos, albums, art, jewellery, musical instruments along with 15 automobiles including the famous motorcycle used in the "Purple Rain" film as well as the two wheeler used in the 1990 prequel "Graffiti Bridge" are on and the result is still to come.
According to Mail Online the Bremer Trust had compiled the inventory report. The hitmaking pop icon did not leave a will but it is said that his estate is being valued somewhere in between $100 million and $300 million before taxes. One of his companies NPG Records is due to receive $6.8 million for arbitration.
Prince's fortune will probably be divided among his sister Tyka Nelson and half-siblings Sharon Nelson, Norrine Nelson, John Nelson, Omarr Baker and Alfred Jackson as per the reports.
A property related hearing scheduled on January 12 is supposed to call curtains on a number of issues. Apart from unreleased music there are a couple of properties possessed by the late singer which was sold for a total worth of $390000 in Chanhassen, Minneapolis. An 1.82 acre of land was sold for $240000 whereas a second property measuring almost half an acre was sold just before the Christmas for $150000.
Another two properties of the pop star are currently pending sale. Final valuation of Prince's total assets might be staggering as his treasure trove may have some more surprises in store!