Saturday, April 23, 2016
Minnesota law states that if an
unmarried person who doesn't have kids dies without a will, the parents,
grandparents, and siblings of that person stand to inherit their
wealth, though that can be contested in court under certain
circumstances.
Prince's parents, John L. Nelson and Mattie Shaw, are both dead and Tyka is his only sibling.
However, after Prince's parents
divorced, they both remarried and had kids. His father John had three
daughters and two sons from his marriage to Vivian Nelson while his mum
remarried and gave birth to two sons. So he has seven half siblings but
his parents are dead.
His sister Tyka Nelson had a
strained relationship with her brother over the years when she was
struggling with an addiction to crack cocaine and prostituting herself
to support her two young sons, Sir Montece Laeil Nelson and President
LenNard Laeil Nelson. However, in recent years after he became religious
and became a Jehovah witness, he became close to his sister.
Prince has an approximate net worth
of $300million, which does not include the millions his estate is set to
make in the coming weeks from the increased sale of merchandise and
music or the money the singer received when he signed a deal agreeing to
stream all his music on Tidal.
His music catalog meanwhile is worth
over $500million according to Prince's first manager Owen
Husney, because unlike other artists he owned both his master recordings
as well as his own music publishing.
Prince also has a large collection
of unreleased music, which Husney believes may include an album he made
with jazz great Miles Davis
When Prince 37, he married his 22-year-old backup singer and dancer and now reality star on Hollywood exes Mayte Garcia on February 14th 1996. They had a son named Boy Gregory on October 16, 1996, who was born with Pfeiffer syndrome but he died a week later. Prince and Mayte divorced in 1999 but she is still in love with him till date.
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