Posted on 01/10/2017 4:15:53 PM PST by BenLurkin
Prince wasn’t big on the stock market — but he did have nearly $1 million in gold bars.
The Carver County District Court released an inventory of the late singer’s estate last Friday. While many items are still being appraised and valued, the documents obtained by PEOPLE make it clear that the “Purple Reign” icon had exactly zero dollars worth of “stocks, bonds and other securities.” Apparently he preferred to keep his cash the old fashioned way.
Sixty-seven 10 oz. gold bars, valued currently at $836,166.70, were found in his possession when he died of a fentanyl overdose on April 21.
(Excerpt) Read more at people.com ...
So Prince was a gold bug? Who knew.
Addiction money.
Didn’t have enough. His estate is worth, what? 100m? thats less than 1%. Most people should have 10% of wealth tied up in gold/silver/ammo/food/booze/life insurance/toilet paper/cash.
Still, that’s better than most people.
I wish I could find a gold broker who wasn’t full of crap, my BS meter goes off every time I listen to one
PMs are real money
My dad when he died just a humble engineer slash lurker had around 100 grand worth of gold when he died he bought a crap load for y2k and kept it in his top drawer where the cat slept Good for prince
Prince had a lot of time on his hands, and I guess those William DeVane commercials finally got to him.
Good for him.
L
Considering his estate this is like putting your pocket change on your endtable.
His estimated net worth was $300M according to my googling. Where was the other $299M? If you say real estate, then how did he manage taxes, insurance, staffing, upkeep etc., without a large cash flow?
Gold has plummeted $200/oz since his death.
“all your money won’t another minute buy.”
Died alone on drugs in an elevator after leading a perverted life.
He can keep it, too much money can warp some people badly.
And couldn’t take them with him.
He may not have had stocks, bonds or other securities, but what about bank accounts with cash deposits? (I admit to not reading the article).
Like you said, he had staff to pay, the upkeep of his home (s), travel, taxes, etc.
Probably the rights to songs. He owned his own catalog, and he may have bought others.
One instant after he died he didn’t have them anymore.
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