Prince’s Minnesota Properties Valued at $25 Million, Accumulated Cash and Stocks
Before his untimely death, Prince was stockpiling cash, stocks and other savings, according to an inventory of the late musician’s estate submitted to the probate court last week.
According to the Minneapolis Star Tribune, Berner Trust, which is handling Prince’s estate, submitted court documents regarding the singer’s assets. The court records offer a glimpse into Prince’s fortune, although much of it is still being evaluated.
The documents revealed Prince’s Minnesota real estate properties are worth $25,431,900. In addition, the Purple One also hoarded $110,080.51 in four bank accounts, unclaimed property, capital credits and cash, plus 67 10-ounce gold bars valued at nearly $840,000. Prince’s estate has been valued between $100 million and $300 million before taxes, which are expected to take half of it.
At the time of his death, Prince also owned at least 18 vehicles, including a 2006 Bentley and the iconic Purple Rain and Graffiti Bridge motorcycles. In addition, Prince’s companies, Paisley Park Enterprises Inc., NPG Records Inc., NPG Music Publishing and LotusFlow3r accrued $6 million in cash on hand at the time of his death. NPG Records has an estimated $6.8 million in arbitration receivable.
There are a slew of other items that haven’t been evaluated, including musical instruments, household furnishings and his expansive music catalog.
Prince passed away last April from an accidental overdose of opioid at his Paisley Park compound. He was 57.