-

What do we actually know about Prince's financial status, right before he died?

-

I went through the investigation pictures again, and Paisley Park seemed poorly maintained and neglected.

There was also a lot of rubbish everywhere.

And also a lot of old computers that I think were no longer usable.

In general there was not much contemporaneity to be found,

as if many spaces have fallen into disrepair.

And his (small) bedroom where he stayed... that little heater next to his bed?

Vault material was lying around everywhere, very sloppy for an artist of his caliber who apparently once had a lot of staff... More than ever I now view these photos with a feeling of endearment..
It is all in stark contrast to what we were used to from him.

-

I heard somewhere that he was worth about $150 million before he died. But even then, it seems as though he would have been worth more. With all of the acts he wrote for from The Time all the way to Tamar, all the acts he produced for from Kate Bush to Janelle Monae, not to mention all of his own material. It seems like he'd have money coming in the mail by the hundreds of thousands each week.

khill95 said:

I heard somewhere that he was worth about $150 million before he died.

.

Utter nonsense. BS from one of those ridiculous websites. At best it is a theoretical value. IIRC there is an estimate from Bremer which put his actual value at $25 million, but that is including things like theoretical value of the lands he owned (including PP).

.

With all of the acts he wrote for from The Time all the way to Tamar, all the acts he produced for from Kate Bush to Janelle Monae,

.

He didn't produce Kate Bush. Nor Janelle Monae IIRC.

.

not to mention all of his own material. It seems like he'd have money coming in the mail by the hundreds of thousands each week.

.

LOL. From what? Airplay? YouTube? Spotify? That kinda income stopped being massive a long time ago.

.

Instead of nonsensical speculation, go read the documents. Plenty of info in there about the real amounts.

.

The reality is that whatever value his estate his estimated at, a) chances are it is never going to earn that much (nobody cares about his post-1995 outtakes, for instance), and b) plenty of money will flow to lawyers (infighting among the heirs,...) and to the authorities (massive tax bill thanks to Prince being a shoddy businessman). And then there is the money that is needed to maintain and exploit his vault.

.

The reality: look at the bid Universal made for his music catalog, and then withdrew when they realized it didn't include anything he did pre-1996.

Vannormal said:

funkbabyandthebabysitters said:

Vannormal said:

-

What do we actually know about Prince's financial status, right before he died?

-

I went through the investigation pictures again, and Paisley Park seemed poorly maintained and neglected.

There was also a lot of rubbish everywhere.

And also a lot of old computers that I think were no longer usable.

In general there was not much contemporaneity to be found,

as if many spaces have fallen into disrepair.

And his (small) bedroom where he stayed... that little heater next to his bed?

Vault material was lying around everywhere, very sloppy for an artist of his caliber who apparently once had a lot of staff... More than ever I now view these photos with a feeling of endearment..
It is all in stark contrast to what we were used to from him.

-

Can you share a link to the pics?

-

I have 'm at home.

They were/ are still available from the official investigation website.

Don't know right now how it is called (was it CARVER POLICE authorities ?)

but I'm sure you'll find more info here on the .org somewhere.

I donwloaden them for free the moment the came available, in April 2018 IIRC.

It's a a lot !!

And to remind you, Prince's death pics are amongst them.

-

Nuernberg72 said:

https://theblast.com/prin...lion-cash/

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Thank you for that. Appreciate it.

-

So it seems in grand total he was worth $40,199,028.75

according to this website...

To be honest, that seems quite a lot...

Hardly believe it tbh.

-

funkbabyandthebabysitters said:

Vannormal said:

-

What do we actually know about Prince's financial status, right before he died?

-

I went through the investigation pictures again, and Paisley Park seemed poorly maintained and neglected.

There was also a lot of rubbish everywhere.

And also a lot of old computers that I think were no longer usable.

In general there was not much contemporaneity to be found,

as if many spaces have fallen into disrepair.

And his (small) bedroom where he stayed... that little heater next to his bed?

Vault material was lying around everywhere, very sloppy for an artist of his caliber who apparently once had a lot of staff... More than ever I now view these photos with a feeling of endearment..
It is all in stark contrast to what we were used to from him.

-

Can you share a link to the pics?

-

FOUND IT !

-

https://www.co.carver.mn.us/departments/county-sheriff/general-information/prince-investigation

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He had a stash of Gold Bars.

IIRC there is an estimate from Bremer which put his actual value at $25 million, but that is including things like theoretical value of the lands he owned (including PP).

What a load of bollox that is....I've no idea and don't really care....but to say his worth, including property is 25m is more laughable than 150 or 300m.

Got a genuine question from an unsophisticated point of view.

Since Prince's passing, there have been theories that if Prince himself, or his legacy, were harmed, there could be big financial impact.

Thinking here of things like people wondering if some entity wanted to murder P for financial gain. Or people wondering if the estate might be guarding against notions of Prince that it perceives as threats to legacy, and therefore threats to finances.

I imagine Prince's legacy will always be in great shape, given the art that he left and the understanding that artists are human.

But aside from whether I'm correct that his legacy will always be more than intact, do people think any of this makes sense from a financial point of view? This being things like the idea that people would have wanted to harm P to get money connected to his masters. Or that some big damage (which I can't imagine happening) to P's legacy is of big financial concern for the estate.

I can't see these things making sense. Am I wrong?

[Edited 12/5/20 7:12am]

Vannormal said:

-

What do we actually know about Prince's financial status, right before he died?

-

I went through the investigation pictures again, and Paisley Park seemed poorly maintained and neglected.

There was also a lot of rubbish everywhere.

And also a lot of old computers that I think were no longer usable.

In general there was not much contemporaneity to be found,

as if many spaces have fallen into disrepair.

And his (small) bedroom where he stayed... that little heater next to his bed?

Vault material was lying around everywhere, very sloppy for an artist of his caliber who apparently once had a lot of staff... More than ever I now view these photos with a feeling of endearment..
It is all in stark contrast to what we were used to from him.

-

me too

The official estimates of his estate's value range from $100 to $300 million.
Obviously, the Estate wants the lower value; the IRS and Minnesota prefer the higher. But $40 million? Ha.

The value of the music, his personal property, Paisley Park is all under assessment. There was almost a million in gold bars as well as several million dollars in various accounts. Think about what one pair of his shoes has sold for ($75,000)....and think about there being over 3,000 other pairs. That's the kind of thing that gives Comerica headaches and the IRS full glee.

This is the revised list of properties to be sold (after Paisley Park itself was removed from the sales list). The Turks & Caicos estate eventually sold for $11 million. There is also some valuable property across from Paisley that is to be sold (not on this list because it was under the Love4OneAnother LLC so found later). Other properties listed have an estimated value.
https://www.mncourts.gov/...-29-16.pdf

The initial estimate reporting by the Star-Tribune:
https://www.startribune.c...20fortune.

rednblue said:

Got a genuine question from an unsophisticated point of view.

Since Prince's passing, there have been theories that if Prince himself, or his legacy, were harmed, there could be big financial impact.

Thinking here of things like people wondering if some entity wanted to murder P for financial gain. Or people wondering if the estate might be guarding against notions of Prince that it perceives as threats to legacy, and therefore threats to finances.

I imagine Prince's legacy will always be in great shape, given the art that he left and the understanding that artists are human.

But aside from whether I'm correct that his legacy will always be more than intact, do people think any of this makes sense from a financial point of view? This being things like the idea that people would have wanted to harm P to get money connected to his masters. Or that some big damage (which I can't imagine happening) to P's legacy is of big financial concern for the estate.

I can't see these things making sense. Am I wrong?

[Edited 12/5/20 7:12am]

Those murder theories are ridiculous. What would be gained? WHO?
Warner Brothers?
You're talking about a man whose last album sold what...37,000 copies?
Not a lot since over half can be turned into cash will go to the Feds and State of Minnesota.
The estate WILL grow, his legacy is fine. There is nothing to hide. We know how he died. The ME and Carver County were very specific in ruling out any homicide in this case (although they'd have loved to have traced those illegal pills to the ONE murderer of Prince).

[Edited 12/5/20 10:20am]

The state of things you described is sort of kind of sad. I think he had sort of given up, and seemed to be going through some kind of depression, after all, he was growing older and had a lot of loss in his life. I can imagine that it was hard for someone like him, who cared a lot about and put a lot of effort into his appearance and things. Also, he was such a loner, and being alone in life is depressing as well.

laytonian said:

BartVanHemelen said:

khill95 said:

I heard somewhere that he was worth about $150 million before he died.

.

Utter nonsense. BS from one of those ridiculous websites. At best it is a theoretical value. IIRC there is an estimate from Bremer which put his actual value at $25 million, but that is including things like theoretical value of the lands he owned (including PP).

.

.

He didn't produce Kate Bush. Nor Janelle Monae IIRC.

.

not to mention all of his own material. It seems like he'd have money coming in the mail by the hundreds of thousands each week.

.

LOL. From what? Airplay? YouTube? Spotify? That kinda income stopped being massive a long time ago.

.

Instead of nonsensical speculation, go read the documents. Plenty of info in there about the real amounts.

.

The reality is that whatever value his estate his estimated at, a) chances are it is never going to earn that much (nobody cares about his post-1995 outtakes, for instance), and b) plenty of money will flow to lawyers (infighting among the heirs,...) and to the authorities (massive tax bill thanks to Prince being a shoddy businessman). And then there is the money that is needed to maintain and exploit his vault.

.

The reality: look at the bid Universal made for his music catalog, and then withdrew when they realized it didn't include anything he did pre-1996.

I thought he produced that song from Kate Bush on her 1993 album? And my mistake about Janelle Monae, I could've sworn he collaborated with her on something. And yes, I thought with airplay and physical sales, he still would've been making a considerable amount of money.

rednblue said:

Got a genuine question from an unsophisticated point of view.

Since Prince's passing, there have been theories that if Prince himself, or his legacy, were harmed, there could be big financial impact.

Thinking here of things like people wondering if some entity wanted to murder P for financial gain. Or people wondering if the estate might be guarding against notions of Prince that it perceives as threats to legacy, and therefore threats to finances.

I imagine Prince's legacy will always be in great shape, given the art that he left and the understanding that artists are human.

But aside from whether I'm correct that his legacy will always be more than intact, do people think any of this makes sense from a financial point of view? This being things like the idea that people would have wanted to harm P to get money connected to his masters. Or that some big damage (which I can't imagine happening) to P's legacy is of big financial concern for the estate.

I can't see these things making sense. Am I wrong?

[Edited 12/5/20 7:12am]

-

Again, no matter how intelligently you try to package this conspiracy question, the simple answer remains no and never.

The investigation was thouroughly and well done.

This is nothing personal, of course, but why do people hold to these baseless theories based on improvised air?

The only thing you can tell is that Prince has kept making a mess of it.

His very closed lifestyle has naturally contributed to inventing possible theories.

But above all it has made clear what to see and hear now.

Conspiracy theories are always lacking in common sense, because they are theories that hardly ever get a foothold with the official authorities.

And again, thius is not personally. Peace to all of us.

-

Nikeze said:

IIRC there is an estimate from Bremer which put his actual value at $25 million, but that is including things like theoretical value of the lands he owned (including PP).

What a load of bollox that is....I've no idea and don't really care....but to say his worth, including property is 25m is more laughable than 150 or 300m.

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I absolutely agree.

Assuming that it could possibly be between 100000000 and 300000000?

That's a difference of 3X the estimated amount... that's one hell of a bad estimation.

Ask any professional financial expert.

Anyways.

Up to 25.OOO.OOO is more likely in total values.

But to answer your comment, yes, I do care in that capacity that it ends up putting the purple riddles more in perspective.

-

laytonian said:

The official estimates of his estate's value range from $100 to $300 million.
Obviously, the Estate wants the lower value; the IRS and Minnesota prefer the higher. But $40 million? Ha.

The value of the music, his personal property, Paisley Park is all under assessment. There was almost a million in gold bars as well as several million dollars in various accounts. Think about what one pair of his shoes has sold for ($75,000)....and think about there being over 3,000 other pairs. That's the kind of thing that gives Comerica headaches and the IRS full glee.

This is the revised list of properties to be sold (after Paisley Park itself was removed from the sales list). The Turks & Caicos estate eventually sold for $11 million. There is also some valuable property across from Paisley that is to be sold (not on this list because it was under the Love4OneAnother LLC so found later). Other properties listed have an estimated value.
https://www.mncourts.gov/...-29-16.pdf

The initial estimate reporting by the Star-Tribune:
https://www.startribune.c...20fortune.

-

Thank you for this. Appreciate it.

Still, I can hardly believe it's all worth between $ 100 and $ 300,000,000.

Which seems quite an over estimation.

-

Vannormal said:

Nikeze said:

IIRC there is an estimate from Bremer which put his actual value at $25 million, but that is including things like theoretical value of the lands he owned (including PP).

What a load of bollox that is....I've no idea and don't really care....but to say his worth, including property is 25m is more laughable than 150 or 300m.

-

I absolutely agree.

Assuming that it could possibly be between 100000000 and 300000000?

That's a difference of 3X the estimated amount... that's one hell of a bad estimation.

Ask any professional financial expert.

Anyways.

I believe up to 25.OOO.OOO is more likely in total values (minus taxes and all costs of course).

But to answer your comment, yes, I do care in that capacity that it ends up putting the purple riddles more in perspective.

-

khill95 said:

It seems like he'd have money coming in the mail by the hundreds of thousands each week.

.

Sure.

But did you check reality?

E.g. at https://www.mncourts.gov/...elson.aspx ?

Did you notice the backlog in invoices to be accepted to be paid?

Did you notice the absurd amounts for a bit of bookkeeping and some quarrels?

Did you notice the heirs got noting thus far?

Did you notice they sold (parts of) their (supposed) ingeritance to get their hands on some money (before it goes to zero)?

Did you notice the sales numbers of the SDE projects?

Etc, etc.

Or rather: did you just dream or did you do some research at all?

W.r.t. his estate:
Not so much in liquid assets.

The value of the vault? Depends on the buyer, the way of 'milking', etc. Better estimate on the low side with the way WB (etc) handels this.

Real estate? See your newspaper,

Vannormal said:

rednblue said:

Got a genuine question from an unsophisticated point of view.

Since Prince's passing, there have been theories that if Prince himself, or his legacy, were harmed, there could be big financial impact.

Thinking here of things like people wondering if some entity wanted to murder P for financial gain. Or people wondering if the estate might be guarding against notions of Prince that it perceives as threats to legacy, and therefore threats to finances.

I imagine Prince's legacy will always be in great shape, given the art that he left and the understanding that artists are human.

But aside from whether I'm correct that his legacy will always be more than intact, do people think any of this makes sense from a financial point of view? This being things like the idea that people would have wanted to harm P to get money connected to his masters. Or that some big damage (which I can't imagine happening) to P's legacy is of big financial concern for the estate.

I can't see these things making sense. Am I wrong?

[Edited 12/5/20 7:12am]

-

Again, no matter how intelligently you try to package this conspiracy question, the simple answer remains no and never.

The investigation was thouroughly and well done.

This is nothing personal, of course, but why do people hold to these baseless theories based on improvised air?

The only thing you can tell is that Prince has kept making a mess of it.

His very closed lifestyle has naturally contributed to inventing possible theories.

But above all it has made clear what to see and hear now.

Conspiracy theories are always lacking in common sense, because they are theories that hardly ever get a foothold with the official authorities.

And again, thius is not personally. Peace to all of us.

-

I hear what you're saying about the authorities. It's just that some fans focus on things that were not (so far as I know) connected with any expected public comment from authorities.

There are fans that suggest that Prince had an undisclosed stigmatized illness. Some of these fans think there is an estate presence in purple places that attempts to quash discussion not only of the illness itself, but also of things that people may associate with the illness. In case it's unclear, the suggested illness is not a substance use condition. I'd consider that while some may find a substance use condition to be unrevealed, it is at least hinted at by widely known evidence concerning a large time period (decades).

My question is, how realistic is it that the estate would have any significant FINANCIAL motivation to quash fans raising the possibility of an undisclosed stigmatized medical illness?

My REASON for asking is that it can get extra tricky in fan spaces if there is suspicion that some fans are estate agents trying to quash discussion in this area.

Just to be clear, I'm all about fighting against stigmatizing of illnesses. To be short and simple about it, stigma is an ignorant force that causes plenty of harm, to include plenty of death.

But I think that, sadly, fan spaces don't need influence of an estate to contain some stigmatizing voices.

As one example of stigma prevalence, a lot of resistance to the idea of Prince suffering from a substance use condition played out for a while in fan spaces. Some fans who might have accepted announcements of artists passing in connection with complications of diabetes/cancer/heart disease/etc. were hostile to evidence of Prince grappling with a substance use condition.

Maybe I can clarify my question. How many of the assets (or how much potential value) in the estate could be significantly affected by some undisclosed stigmatized medical condition becoming known to the general public? I ask because some fans seem to suspect other fans of attempting to quash related discussion on behalf of the estate. I'm trying to understand the logic behind the suspicion of estate influence.

Seconding the peace to all of us.

[Edited 12/7/20 13:55pm]

udo said:

W.r.t. his estate:
Not so much in liquid assets.

The value of the vault? Depends on the buyer, the way of 'milking', etc. Better estimate on the low side with the way WB (etc) handels this.

Real estate? See your newspaper,

Yes, there is a big difference between his worth and his liquid assets.

Whatever the vault is worth (be it $25 million, $80 million or $300 million), that has nothing do do with his cash-on-hand.

Believe it or not, there are lots of supposed millionaires who are cash-poor. For example, take family farms. On paper the farmer may be worth millions of dollars because fo the value of his land, facilities and equipment, but he might only have $100 in the bank and struggle to pay his bills.

So regardless of how valuable he was on paper, it wouldn't surprise me one bit to learn he had very little spending money.

• -From what I have read he owned 5 or so properties in Chanhassen: $2.5 million
• 155 acres in Chan $13 million
• Turks & Caicos $10 million
• several million in gold
• -several million in various bank accounts
• -Paisley...$10 mill
• instruments/musical stuff several million
• Music publishing...this is where the money is though difficult to quantify.
• His home (Paisley) looked messy after many unauthorized associates/hangers-on ransacked the place and likely took quite a bit
• Police took pictures after it was tossed.
• His room was simple but tidy. He had larger, more 'luxurious', though somewhat dated bedrooms to choose from.
• Bathroom was a bit messy-looked like a bachelor lived there.
• We've been there twice and it's clean, a little dated. 3 studios are expensive-looking with lots of instruments, mics, pianos etc.-highly recommend seeing it.

There are thousands of items of clothing, shoes, jewelry and more being archived. There is a large room filled with items that have been catalogued and properly wrapped. Some or all could be auctioned for large sums.

Cars: a 'baby blue' Bentley, small BMW sportscar, Plymouth Prowler, additional cars, Lincoln SUV, Chevy Suburban

-He also had a 2 inch stack of $100. bills in his room.

[Edited 12/6/20 22:35pm]

[Edited 12/6/20 22:38pm]

Millions in gold? I believe I read something else. Link please?

I remember reading that Prince had $ 40 mil in cash in the bank when he died and another 800 thousand in gold bars. Plus with all the property that he owned, how his estate could ever have problems money-wise is beyond me. I don't get it.

Nuernberg72 said:

https://theblast.com/prin...lion-cash/

exactly!