Final valuation of Prince’s estate pegged at $156.4 million
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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