Remaining heirs and publishing company Primary Wave settle case with US tax agency, with estate valued at twice original appraisal
The estate of the late pop singer Prince, including his catalogue of songs, has been valued at $156.4m (£114m), nearly twice an earlier appraisal.
The estate’s administrator, Comerica Bank, agreed on the figure with the Internal Revenue Service (IRS) and the heirs to Prince’s estate. The singer died in 2016 without a will, and his estate will pass to three of his siblings as well as the publishing company Primary Wave, who in August 2021 bought out rights to the Prince catalogue from another three heirs, two of them deceased.
