FunkOnTheOne said:

Slightly sad that Taylor Swift us worth more bur Prince wasn't just about the money.

She's making her worth in today's day and age. Prince accumulated his back in the day, so I'm not surprised she's "worth" more. Plus, Prince didn't seem to be the most business savvy person...

Please amend your thread title. The court didn't suggest this - a court FILING suggests it.

Specifically, from the article:

That figure is based on a memo that mentioned the company's fee [Bremer Trust] as $90,000 per month. That's $1.08 million per year. Bremer Trust uses a fee schedule based on the value of an estate, and the sliding percentage drops to 0.5 percent for any assets over $10 million. The AP calculated that that annual fee works out to an estate worth $200 million.

[Edited 12/2/16 6:53am]

petalthecat said:

Taylor Swift may be worth more but I've surprisingly just read that when Bowie died his estate was worth only $100m. That shocked me.

Why, they had some serious fun with the money they made and left a bit behind as a legacy.

luvgirl said:

Still a hell of a lot of money! I'm proud of him. He could have had way more if he played the music industry game, but he wasn't about that. He was about making music on his terms...

Exactly

Plus, let's not forget his generous philanthropy that spent up some of his earnings.

Doozer said:

Please ammend your thread title. The court didn't suggest this - a court FILING suggests it.

Specifically, from the article:

That figure is based on a memo that mentioned the company's fee [Bremer Trust] as $90,000 per month. That's $1.08 million per year. Bremer Trust uses a fee schedule based on the value of an estate, and the sliding percentage drops to 0.5 percent for any assets over $10 million. The AP calculated that that annual fee works out to an estate worth $200 million.

Thanks Doozer and luv4u for the correction.

Tried to keep the topic title short but cut out the wrong word apparently.

I am not english speaking so it's sometimes hard to understand everything, especially in news articles.

paradise000 said:

Doozer said:

Please ammend your thread title. The court didn't suggest this - a court FILING suggests it.

Specifically, from the article:

That figure is based on a memo that mentioned the company's fee [Bremer Trust] as $90,000 per month. That's $1.08 million per year. Bremer Trust uses a fee schedule based on the value of an estate, and the sliding percentage drops to 0.5 percent for any assets over $10 million. The AP calculated that that annual fee works out to an estate worth $200 million.

Thanks Doozer and luv4u for the correction.

Tried to keep the topic title short but cut out the wrong word apparently.

I am not english speaking so it's sometimes hard to understand everything, especially in news articles.

Glad I could help

Why are you comparing Taylor Swift's net worth to Prince's? That's like comparing Transformers box office $s to Ex Machina's.

If Prince's estate was worth $10, it wouldn't change what he did and all the music...all the art he produced and left us.

I predict that history (and the IRS) will show this to be a gross undervaluation.

Didn't Prince speak with David Bowie about the Bowie Bonds program? I thought I read that Prince was considering a similar offering for his catalogue. In any event, Prince was very generous/philanthropic for many years, and I am sure he gave away a great deal of money. I just don't think he was as liquid as he needed to be. That's where having a good team around you (works for anyone) for a long period of time helps out.

Congrats i guess...

FlyOnTheWall said:

I predict that history (and the IRS) will show this to be a gross undervaluation.

Exactly!

Folks be actin like Baby Boy was panhandling outside PP to get enough to buy a Lotto ticket. Samn.

prince's real estate holdings, tangible assets, liquid assets, and other finical holdings other than his catalog... would have been much larger if he was not so generous. He could have easily been work over a billion.

so this figure is not a measure of his worth.

FlyOnTheWall said:

I predict that history (and the IRS) will show this to be a gross undervaluation.

at this time it sounds about right. his unreleased catalog can not really be assessed. and i hope it is not being taxed as having value. it should be deemed not of value until it generates income...then tax that. but the system is greedy. this is one reason the death tax ought to be eliminated as long as the decedents taxes are up to date... until such generate income.

OnlyNDaUsa said:

prince's real estate holdings, tangible assets, liquid assets, and other finical holdings other than his catalog... would have been much larger if he was not so generous. He could have easily been work over a billion.

so this figure is not a measure of his worth.

I said the same thing in another thread, actually what I read immediately after 4/21 was that he was estimated to be worth around $800million which makes sense not including the vault.

Not that $2-300million isn't a decent amount...

[Edited 12/1/16 16:55pm]

OnlyNDaUsa said:

FlyOnTheWall said:

I predict that history (and the IRS) will show this to be a gross undervaluation.

at this time it sounds about right. his unreleased catalog can not really be assessed. and i hope it is not being taxed as having value. it should be deemed not of value until it generates income...then tax that. but the system is greedy. this is one reason the death tax ought to be eliminated as long as the decedents taxes are up to date... until such generate income.

I concur.

endiadj said:

FunkOnTheOne said:

Slightly sad that Taylor Swift us worth more bur Prince wasn't just about the money.

She's making her worth in today's day and age. Prince accumulated his back in the day, so I'm not surprised she's "worth" more. Plus, Prince didn't seem to be the most business savvy person...

Yeah, Prince was all about the business of making music + and giving beyond the value of money-making. I'll appreciate him more for those things.

since then the estate had made a reported $25Million

Why the records r dropping.

luvgirl said:

Still a hell of a lot of money! I'm proud of him. He could have had way more if he played the music industry game, but he wasn't about that. He was about making music on his terms...