During Prince's incredible life, the talented performer who is often cited as one of the best musicians of his generation released many beloved songs. As a result, Prince had a huge influence over pop culture as evidenced by the fact that he inspired a classic Disney character and that people continue to look back on his legacy fondly.
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When Prince passed away, he left behind music that will be enjoyed for generations to come. On top of that, the popular singer also had a sizable estate when he took his last breath.
Unfortunately, it is far too common for there to be extensive legal battles and lots of intrigues when someone leaves behind that kind of money. With that in mind, it begs an obvious question, what happened to Prince's estate when he died?
During Prince's life, the singer was romantically linked to an extremely long list of women including Carmen Electra, Kim Basinger, Susanna Hoffs, Vanity, Sheila E., and Sherilyn Fenn. On top of that, Prince was married twice, to Mayte Garcia in 1996 and Manuela Testolini in 2001.
Sadly, however, neither of those marriages lasted so he didn't have a wife to inherit his estate upon his passing.
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In this day and age, it often seems like every celebrity talks in public about every aspect of their personal life. On the other hand, even though Prince often wrote songs about intimacy, the singer infamously was extremely private about his personal life.
For proof of that fact, all you have to do is look at the fact that many Prince fans don't know he was a father.
After Prince and Matye Garcia got married in February of 1996, she gave birth to his son Amiir Nelson later that same year. Sadly, Prince's son was born with Pfeiffer syndrome, a rare genetic disorder that causes premature fusing of the bones in the skull and can be fatal.
One week after the birth of Prince's son, Amir lost his life which is something so tragic that nobody should have to go through it.
Since Prince didn't have a wife or a living child at the time of his passing, a lot of observers had no idea what would happen to the famous singer's estate when he lost his life. On top of fans not knowing what would happen next when the singer passed away, Prince's loved ones weren't certain for years as well since legal battles ensued.
Even though Prince passed away in 2016, it wasn't until 2022 that it could decisively be known who would get the estate the singer passed away. By the time the lawsuits about Prince's estate came to an end, Comerica Bank and the IRS agreed the singer's estate was valued at a truly impressive $156.4 million.
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When Prince passed away, the singer didn't have a will. Under Minnesota law, that meant his estate would go to a spouse, children, or his parents but since Prince's mother and father passed away before he did, none of that applied. As a result, Prince's estate was left to his siblings. On top of Prince's sister Tyka Nelson, the singer had several half-siblings and all of them had an equal claim to his estate.
After Prince passed away, the independent music publisher Primary Wave approached the singer's siblings looking to buy their stake in the singer's estate. According to Rollings Stone, the company was successful as they bought 90% of Prince's sister Tyka's and all of his half-brothers Alfred Jackson and Omarr Baker's claims to Prince's estate.
As a result of the deals Primary Wave signed with three of Prince's siblings, the company became a partial owner of the singer's famous Paisley Park property. On top of that, Primary Wave also receive a portion of the royalties from the masters of Prince's music.
Since Prince released a lot of extremely popular music, including an album that is a masterpiece, his estate will remain very profitable in the years to come.
Even though Primary Wave was able to buy a large portion of Prince's estate, several of his siblings retain their stake. Ultimately, Primary Waves now owns almost half of the legendary musician's estate. Three of Prince's older siblings own a sixth of the singer's estate.
Finally, Prince's sister Tyka owns just over 1.65% of her brother's estate since she only sold 90% of her original stake.
Assuming that Prince's estate truly is worth $156.4 million as reported, that means the singer's siblings who didn't sell have a stake in his estate that is worth roughly $26 million.
Prince's sister Tyka's stake in his estate is worth roughly $2.6 million. Finally, Primary Waves' stake in Prince's estate is valued at roughly $75.6 million.