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Prince’s Estate Valued at $156.4 Million, Ending Heirs’ IRS Spat

Jan. 18, 2022, 6:27 PM

The estate of pop music icon Prince Rogers Nelson will be valued at roughly $156.4 million under a settlement between the IRS and his heirs.

Prince’s estate and the IRS have been disputing the worth of the pop icon’s music rights and other assets following his 2016 death of an accidental fentanyl overdose. The agreed-upon valuation, detailed in a Jan. 14 notice filed with the Carver County District Court in Minnesota, is closer to the Internal Revenue Service’s $163 million estimate than the estate’s $82 million claim.

The agreement also calls for the IRS and the Minnesota Department of ...

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