Entertainment

Actions

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

Prince
Posted

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.

Download our apps today for all of our latest coverage.

Get the latest news and weather delivered straight to your inbox.