Monday, January 9, 2017

Prince Hoarded Cash, Owned 67 Ten-Ounce Gold Bars

According to an inventory report of the musician's estate at the time of his death from a drug overdose on April 21, 2016 , Prince had acquired tens of millions of dollars in real estate, cars (lots of cars) and other personal property during his career. His assets have been valued between $100 million and $300 million before taxes, which are expected to claim roughly half.

The inventory also lists about $110,000 in four bank accounts including $55,666 and 23 cents in "miscellaneous cash" and $25,273.10 in unclaimed property.

Additionally, Prince’s companies, Paisley Park Enterprises Inc., NPG Records Inc., NPG Music Publishing and LotusFlowr had more than $6 million in cash on hand at the time of his death.

Prince also owned 67 10-ounce gold bars classified as "Other Personal Property" and valued at nearly $836,166.70.

-RW

(via ZeroHedge)

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