Prince’s Sister Could Inherit $800 Million, Says Report
Tyka Nelson, Prince’s sister, could inherit her late brother’s estate, which, including future earnings, could be worth as much as $800 million.
Prince is twice divorced with no children and has no will, and under Minnesota law his estate would go to his closest living relative, the Telegraph reports.
Nelson had previously lived in a crack house, and has prostituted herself to support her children.
“I was a single mother and my boys were babies. I sold my body for food, money and Pampers. I pawned the car Prince had given me and sold the kids’ TV for drugs,” Nelson said in 2003.
Although the siblings were estranged for some time, later in life Prince had helped his sister get into rehab. Tyka Nelson later recorded an album about her addiction and became a devout Christian.
Prince is twice divorced, married to Mayte Grace from 1996 to 1999, and Manuela Testolini from 2001 to 2006.
Prince’s net worth is valued at $300 million, and the future income stream from his estate is estimated at $500 million. It’s estimated that there is a vault of 2,000 unreleased songs, including one that Prince made with Miles Davis.
However, it’s unclear how much of that musical legacy could be released to the public, as Prince could have executed a will to prevent its release.
He was also said to have detested the idea of turning Paisley Park, his residence, into something like Graceland, Elvis Presley’s former home which has now turned into a museum.
There are also speculations that Prince could have divided some of his estate to the Jehovah’s Witness, of which he was a member later in life.
He had personally gone door to door, proselytizing his faith.
“My first thought was ‘Cool, cool, cool, he wants to use my house for a (video) set’. Then they start in on this Jehovah’s Witnesses stuff,” said Rochelle, a resident of Eden Prairie, Minnesota whose door Prince had once knocked on.
Prince died last week at the age of 57. He had been flown to a hospital days before his death for a bout with the flu.