Prince's Estate, Reportedly Worth $200 Million:HasTaken In $25 Million Since His Death

Prince died of an overdose in April 2016 and his Estate has since been under Court scanner. The estate has been a matter of dispute as Prince didn't leave any will declaring the heir for his estate and belongings. As per estimates reported by BillBoard, it was the first time that the Prince's Estate valuation was publicly available. 

Prince's Estate worth over $200 Million as per court filing, Billboard quoted. As there is no known will, the estate might reportedly be equally inherited by his sister and five half-siblings after being adjusted for taxes which will curtail the $200 Million Estate into the half. When compared to David Bowie who died in January 2016, his Estate was worth $100 million which went to his heir as per his will.

Prince died of an overdose in April 2016 soon after which officials began evaluation the value for his belongings such as the Paisley Park Studio Complex, unreleased music, musical catalog, and other assets. It was that moment when Bremer Trust, one of the lawyers overseeing the finances unveiled an estimation for Prince's estate which could be somewhere between $100 million to $300 million, as stated by People.

Two independent estate law experts reviewed Prince's estate to draw an unadulterated conclusion. As per sources, the estate that is worth $200 million might undergo rise or fall in value after adjusted for inflation and taxes by the concerned officials.

According to court proceedings, all the state, and federal estate tax returns must be paid before January 21, although, the sanction for extension of six months can be granted, however, the adjusted tax must get paid by whomsoever is concerned. Many speculations about the estimates arisen after he died, however, it was only until now that the court filing has officially declared the first ever specific estimate following his death. 

On April 21, Prince died of the opioid overdose at his Paisley Park Compound in Chanhassen, Minnesota. Forbes Magazine has declared that Elvis Presley's estate earned over $27 million and Micheal Jackson's estate collected over $825 million and similarly, Prince's estate ranked 5th on the list after selling records of worth 25 Million after his death. Prince is widely acclaimed for his album such as "Lovesexy", "1999", "Purple Rain", to name a few.