There was more to Prince's estate than just unreleased recordings, according to a new report.
At the time of his death, Prince had 67 10-ounce gold bars valued at about $840,000, $110,000 in four bank accounts, unclaimed property, and capital credits and cash. He also had a dozen properties in Carver and Hennepin, Minn. that have an estimated total value of $25.4 million. That's according to an asset inventory compiled by Bremer Trust released by the Carver County District Court, as first reported by the Minneapolis Star Tribune.
Although many of Prince's belongings are still in the valuation process—including his musical instruments, jewelry collection, and the iconic “Purple Rain” and “Graffiti Bridge” motorcycles, among other things—his estate may be worth between $100 million and $300 million before taxes, which are expected to claim about half, the Star Tribune reports.
But that's not all. Prince’s companies, Paisley Park Enterprises Inc., NPG Records Inc., NPG Music Publishing and LotusFlow3r had more than $6 million in cash on hand at the time of his death, and according to the Star Tribune, NPG Records has about $6.8 million in arbitration receivable.
The iconic musician died April 21, 2016, after accidentally overdosing on the painkiller fentanyl. Prince left no will. His fortune will most likely be divided among his sister Tyka Nelson, as well as Prince’s half-siblings Sharon Nelson, Norrine Nelson, John Nelson, Omarr Baker, and Alfred Jackson, according to the Star Tribune.