The estate for Prince is revealing an appraiser determined the singer left behind musical equipment worth over $2.8 million.
On September 7, the estate filed an inventory of the current assets and property from the time period of February 2017 to January 2018.
During that timeframe, Prince pulled in $755,173.41 in royalties, an additional $2.45 million in “other income,” $20,112 in rental income and $277k in tax refunds.
They note that in previous inventory filings, they forgot to mention Prince had two additional gold bars — “1 ounce each” — worth a total of $2,502.
Prince’s estate has $15,196,500 worth of real estate and $19,612,358.47 in notes and cash. The docs redacted the amounts of stocks and other personal property the singer owned.
An appraiser hired by the estate determined that Prince’s musical instruments are worth an estimated $2,858,875 and photographs he had could sell for $40,165. The other personal items he owned could be worth around $900,000.
The estate paid out several million dollars in legal and administration fees during the period and dropped over $2 million on federal and state taxes.
Prince’s family and heirs did not receive a dime during the time period. The estate did spend close to $100,000 on public relations, $109,866 on storage fees, $272k on an appraiser and over $200k on insurance costs.
The documents redacted the amount Prince’s costumes and memorabilia were estimated to be worth.
Good luck trying to find someone his size who can pull those outfits off.