An inventory of Prince’s estate shows the indefatigable musician had acquired tens of millions of dollars in real estate and other personal property at the time of his death last year.
But much of the value of his estate – including the storied unreleased recordings and videos from his vault – have not yet been valued, according to a file released Friday by the Carver County District Court.
The court records offer a glimpse into the late megastar’s estate, the subject of an ongoing probate court case that began days after his death.
Prince died April 21 of an accidental overdose of the painkiller fentanyl, leaving no will. His estate has been valued between $100 million and $300 million before taxes, which are expected to claim roughly half.
An asset inventory compiled by Bremer Trust, the special administrator shepherding Prince’s estate, lists a dozen properties in Carver and Hennepin counties with an estimated total value of $25.4 million. There was also about $110,000 in four bank accounts, unclaimed property, capital credits and cash, plus 67 10-ounce gold bars valued at nearly $840,000.
That’s just the beginning, however.
Prince’s companies, Paisley Park Enterprises Inc., NPG Records Inc., NPG Music Publishing and Lotus Flow3r had more than $6 million in cash on hand at the time of his death. NPG Records has an estimated $6.8 million in arbitration receivable.
There’s also plenty that hasn’t been assigned a value yet, including musical instruments, his jewelry collection, household furnishings, a 2006 Bentley and the iconic “Purple Rain” and “Graffiti Bridge” motorcycles.
Also unclear is the value of Prince’s trademarks and copyrights. There are a number of unresolved issues related to Prince’s businesses, including pending lawsuits that could affect the value of the estate.
The next hearing in the probate case, scheduled for Jan. 12, is expected to resolve a number of issues related to Prince’s estate including who qualifies as an heir.
Dozens of claims have emerged over the past several months. Court filings and judicial orders thus far make it appear likely that the fortune will be divvied up among sister Tyka Nelson and Prince’s half siblings Sharon Nelson, Norrine Nelson, John Nelson, Omarr Baker and Alfred Jackson.