Prince’s $156million estate FINALLY settled in probate court six years after he died without a will

Make it rain (purple)! Prince’s $156million estate is FINALLY settled in probate court six years after the music legend died without a will… as the fortune is split between family members

  • Independent music publisher Primary Wave received 50% of the estate
  • The remaining 50% will be split between Prince’s half-sisters Sharon L. Nelson and Norrine Nelson and their two advisers.
  • The two camps of heirs will now transform its holdings into limited liability companies

The late Grand Prince Rogers Nelson’s $156 million estate was finally settled in Minnesota probate court on Monday – six years after he died without a will.

The seven-time Grammy winner had eight siblings in total, but four of them are deceased – Lorna (2006), Duane (2011), Alfred (2019) and John (September 3).

Prince’s sister, Tyka Nelson, 62, and half-brother, 52, Omarr Baker, both sold their shares to independent music publisher, Primary Wave, which received 50% of the estate .

'Prince is almost free to rest now': The late Grand Prince Rogers Nelson's $156million estate was finally settled in Minnesota probate court on Monday - six years after he died without a will (pictured in 1985)

‘Prince is almost free to rest now’: The late Grand Prince Rogers Nelson’s $156million estate was finally settled in Minnesota probate court on Monday – six years after he died without a will (pictured in 1985)

Half-sister Sharon L. Nelson, 80, and half-sister Norrine Nelson, 75, and their advisors L. Londell McMillan and Charles Spicer will share the remaining 50% of the estate.

Prince’s assets will be disbursed via “$6 million in cash and several times that much in music rights and other intangibles,” according to Billboard.

The two camps of heirs will now convert his holdings into limited liability companies and create a management plan on how to work together and administer the music and other jointly owned assets.

'We will miss you Johnny!'  The seven-time Grammy winner had eight siblings in total, but four of them have died - Lorna (2006), Duane (2011), Alfred (2019) and John (September 3)

‘We will miss you Johnny!’ The seven-time Grammy winner had eight siblings in total, but four of them have died – Lorna (2006), Duane (2011), Alfred (2019) and John (September 3)

‘We look forward to a strong and productive working relationship’: Prince’s sister Tyka Nelson, 62, and half-brother, 52, Omarr Baker have both sold their shares to the publisher of independent music, Primary Wave, which received 50% of the domain

Heirs: The Purple One's 80-year-old half-sister Sharon L. Nelson (L) and 75-year-old half-sister Norrine Nelson (R) along with their advisers L. Londell McMillan and Charles Spicer will share the other 50 % of the estate (pictured with half-brother Omar Baker in 2017)

Heirs: The Purple One’s 80-year-old half-sister Sharon L. Nelson (L) and 75-year-old half-sister Norrine Nelson (R) along with their advisers L. Londell McMillan and Charles Spicer will share the other 50 % of the estate (pictured with half-brother Omar Baker in 2017)

“We’re relieved and thrilled to finally be done with the Probate Court system and the bankers who don’t know the music business and didn’t know Prince,” adviser L. Londell McMillan told Billboard. by email.

“I’ve represented Prince for over 13 years and we’ve been innovating to reform the music industry – we hope to do the same with its incredible assets and catalog, music, film content, exhibits, merchandise. , its Paisly Park events, its branded merchandise and Suite. This is a historic and very exciting time. Prince is almost free to rest now.

The Oscar-winning songwriter died, aged 57, of an accidental fentanyl overdose in 2016 after selling more than 120 million albums worldwide.

‘We are relieved and delighted’: Prince’s assets will be disbursed via ‘$6 million in cash and several times that in music rights and other intangibles’ (pictured in 2004)

One more step!  The two camps of heirs will now convert his holdings into limited liability companies and create a management plan on how to work together and administer the music and other jointly owned assets (pictured in 2007)

One more step! The two camps of heirs will now convert his holdings into limited liability companies and create a management plan on how to work together and administer the music and other jointly owned assets (pictured in 2007)

Final concert: The Oscar-winning songwriter died, aged 57, of an accidental fentanyl overdose in 2016 after selling more than 120 million albums worldwide (pictured in 2016)

Final concert: The Oscar-winning songwriter died, aged 57, of an accidental fentanyl overdose in 2016 after selling more than 120 million albums worldwide (pictured in 2016)

The Prince Estate released three posthumous albums – Piano and a Microphone 1983 (2018), Originals (2019) and Welcome 2 America (2021)

Fans can see more of the Rock and Roll Hall of Famer in Prince: The Immersive Experience, which runs through October 9 in Chicago.

Prince’s beloved 65,000 square foot resort, Paisley Park, Minnesota is also open to the public.

Recorded in 2010: The Prince Estate released three posthumous albums - Piano and a Microphone 1983 (2018), Originals (2019) and Welcome 2 America (2021)

Recorded in 2010: The Prince Estate released three posthumous albums – Piano and a Microphone 1983 (2018), Originals (2019) and Welcome 2 America (2021)

Tickets range from $39.50 to $66.50!  Fans can see more of the Rock and Roll Hall of Famer at Prince: The Immersive Experience, which runs through October 9 in Chicago (pictured May 12)

Tickets range from $39.50 to $66.50! Fans can see more of the Rock and Roll Hall of Famer at Prince: The Immersive Experience, which runs through October 9 in Chicago (pictured May 12)

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