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Prince’s $156M estate is FINALLY settled in probate court six years after he died without a will

Making it (purple) rain! Prince’s $156 Million Legacy Is FINALLY Settled In Court Six Years After Music Legend Died Without Will… As Fortune Is Divided Between Family Members

  • Independent music publisher Primary Wave received 50% of the estate
  • The remaining 50% will be split between Prince’s half-sisters Sharon L. Nelson and Norrine Nelson and their two advisers
  • The two camps of heirs will now convert his property into limited liability companies

The estate of the late Grand Prince Roger Nelson, valued at $156 million, was finally settled in Minnesota court on Monday, six years after he died without a will.

The seven-time Grammy winner had a total of eight siblings, but four of them have passed away – Lorna (2006), Duane (2011), Alfred (2019) and Jan (on September 3).

Prince’s 62-year-old sister Tyka Nelson and 52-year-old half-brother Omarr Baker both sold their shares to independent music publisher Primary Wave, which received 50% of the estate.

'Prince is now almost free to rest': The late Grand Prince Roger Nelson's $156 million estate was finally settled in Minnesota court on Monday — six years after he died without a will (pictured in 1985)

‘Prince is now almost free to rest’: The late Grand Prince Roger Nelson’s $156 million estate was finally settled in Minnesota court on Monday — six years after he died without a will (pictured in 1985)

The Purple One’s 80-year-old half-sister Sharon L. Nelson and 75-year-old half-sister Norrine Nelson, as well as their advisers L. Londell McMillan and Charles Spicer, will share the other 50% of the estate.

Prince’s assets will be paid out in “$6 million in cash and many times that in music rights and other intangible assets,” it said. Billboard.

The two camps of heirs will now convert his assets into limited liability companies and establish a management plan for the collaboration and management of music and other joint assets.

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“We’ll miss you Johnny!” The seven-time Grammy winner had a total of eight siblings, but four of them have passed away – Lorna (2006), Duane (2011), Alfred (2019) and John (on September 3).

'We look forward to a strong and productive working relationship': Prince's 62-year-old sister Tyka Nelson and 52-year-old half-brother Omarr Baker have both sold their shares to independent music publisher Primary Wave, which owns 50% of the estate.

‘We look forward to a strong and productive working relationship’: Prince’s 62-year-old sister Tyka Nelson and 52-year-old half-brother Omarr Baker have both sold their shares to independent music publisher Primary Wave, which owns 50% of the estate.

Heirs: The Purple One's 80-year-old half-sister Sharon L. Nelson (L) and 75-year-old half-sister Norrine Nelson (R) as well as their advisors L. Londell McMillan and Charles Spicer will share the other 50% of the estate (pictured with half brother Omar Baker in 2017)

Heirs: The Purple One’s 80-year-old half-sister Sharon L. Nelson (L) and 75-year-old half-sister Norrine Nelson (R) as well as their advisors L. Londell McMillan and Charles Spicer will share the other 50% of the estate (pictured with half brother Omar Baker in 2017)

“We’re relieved and excited that we’re finally done with the Probate Court system and bankers who don’t know the music business and didn’t know Prince,” advisor L. Londell McMillan told Billboard via email.

“I represented Prince for over 13 years and we have led with innovation to reshape the music industry – we hope to do the same with his amazing assets and catalog, from his music, film content, exhibits, merchandise, Paisly Park events, branded products and more.” . It is a historic and very exciting time. Prince is now almost free to rest.’

The Oscar-winning songwriter died of an accidental fentanyl overdose in 2016 at age 57 after selling more than 120 million albums worldwide.

'We are relieved and excited': Prince's assets will be disbursed via '$6 million in cash and many times that in music rights and other intangibles' (pictured in 2004)

‘We are relieved and excited’: Prince’s assets will be disbursed via ‘$6 million in cash and many times that in music rights and other intangibles’ (pictured in 2004)

One more step!  The two camps of heirs will now convert his assets into limited liability companies and establish a management plan for how to work together and manage music and other joint assets (pictured in 2007)

One more step! The two camps of heirs will now convert his assets into limited liability companies and establish a management plan for how to work together and manage music and other joint assets (pictured in 2007)

Closing concert: The Oscar-winning songwriter died of an accidental fentanyl overdose in 2016 at age 57 after selling over 120 million albums worldwide (pictured in 2016)

Closing concert: The Oscar-winning songwriter died of an accidental fentanyl overdose in 2016 at age 57 after selling over 120 million albums worldwide (pictured in 2016)

The Prince Estate has released three posthumous albums: Piano and a Microphone 1983 (2018), Originals (2019) and Welcome 2 America (2021)

Fans can see more of the Rock and Roll Hall of Famer in Prince: The Immersive Experience, on display in Chicago through October 9.

Prince’s beloved 65K-square-foot Paisley Park complex in Minnesota is also open to the public.

Recorded in 2010: The Prince Estate has released three posthumous albums: Piano and a Microphone 1983 (2018), Originals (2019) and Welcome 2 America (2021)

Recorded in 2010: The Prince Estate has released three posthumous albums: Piano and a Microphone 1983 (2018), Originals (2019) and Welcome 2 America (2021)

Tickets range from $39.50 - $66.50!  Fans can see more of the Rock and Roll Hall of Famer in Prince: The Immersive Experience, which runs through October 9 in Chicago (pictured May 12)

Tickets range from $39.50 – $66.50! Fans can see more of the Rock and Roll Hall of Famer in Prince: The Immersive Experience, which runs through October 9 in Chicago (pictured May 12)

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