Money Split Down the Middle Ends 6-Year Fight Over Prince’s Estate
The 6-year-long court battle over late American singer and songwriter, Prince’s estate has finally come to a close, leaving two parties to split roughly $6 million in cash and more regarding the late musician’s $156 million estate.
The Minnesota First Judicial District issued an order that splits the cash in Prince’s estate evenly between two legal entities, Prince Legacy LLC and Prince OAT Holdings LLC, according to a copy of the order obtained by PEOPLE.
Prince Legacy LLC’s now 50 percent interest in the late 57-year-old’s estate consists of interests previously held by three of Prince’s half-siblings, Sharon Nelson, John Nelson and Norrine Nelson, as well as advisors L. Londell McMillan and Charles Spicer.
Prince OAT Holdings LLC — owned by music publishing company Primary Wave — consists of interests once held by Tyka Nelson, Omarr Baker and Alfred Jackson, as well as three separate entities owned by Primary Wave, according to the court documents.
Prince’s six half-siblings were named his legal heirs after he died in 2016 with no living children or spouse and no will in accordance to Minnesota law, according to Billboard.
Tyka Nelson, Omarr Baker and Alfred Jackson sold their interests to Primary Wave in the years since, creating the half of Prince’s estate now owned under Prince OAT Holdings LLC.
Prince’s remaining three siblings who did not sell their interests now control the other half alongside their advisors, according to Billboard.
