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Millionaire Gamble: Who Gets Prince's $300 Million Estate, No Children Available

The death Thursday of Grammy Award-winning musician Prince presents a number of questions - aside from the cause of death, it was also not ...

The death Thursday of Grammy Award-winning musician Prince presents a number of questions - aside from the cause of death, it was also not immediately clear who stands to inherit his fortune, estimated to run into hundreds of millions of dollars, plus more than 2 000 unreleased songs. 

Prince, 57, died in his home state of Minnesota, where, in the absence of a will, inheritance laws determine how an estate is divided. He reportedly died at his estate, Paisley Park, which includes a sprawling recording studio and other buildings on a considerable stretch of land. 

Those properties are undoubtedly worth millions and may even become more valuable because his death occurred there.

According to Minnesota law, in the absence of a will, the estate goes to the following people in this order: "grandchildren, parents, brothers and sisters, or more distant relatives if there are no closer ones." 

However, Prince’s parents have been dead for more than a decade. He did have six siblings from the same father, but it's unclear how close he was with the ones still alive (at least two have died).
The Late Prince and Former Wife Mayte 

The legendary and reclusive performer was married and divorced at least twice. He reportedly had one child — a son — who died one week after being born due to a genetic cranial ailment known as Pfeiffer syndrome. Because Prince was a faithful Jehovah's Witness who reportedly regularly attended Kingdom Hall services, it stands to reason he may have willed at least a portion of his fortune to that church.

One thing is certain: Prince and his estate are worth a lot of money. Approximately $300 million, according to the Celebrity Net Worth website. That figure could grow exponentially if his any of his unreleased music sees the light of day. If history is any indication when a legendary musical performer dies, there is sure to be a legal battle over all of the above.

Prince proved to be a shrewd businessman, a fact that still rang true recently when he signed an exclusive — and likely very lucrative — deal with music streaming service Tidal, which effectively removed his music from every other music streaming website. The details of that deal were not made public.

While his career began with his music, he quickly became something of a movie star with several offerings. But none of the four movies he starred in were as successful as 1984's "Purple Rain," which simultaneously spawned both an eponymous chart-topping soundtrack as well as a No. 1 song, "When Doves Cry."

The soundtrack, which has sold more than 21 million copies, also earned him an Oscar for best original song score, a category that no longer exists. Prince has sold more than 80 million records globally, which puts him in the upper echelon of all-time album sales.

Meanwhile, Mayte Garcia, 42, who was married to Prince for four years, and met him when she was just 16 years old. Read on to hear what Mayte revealed in an interview about their whirlwind love affair and marriage.

Mayte admitted that she was a virgin when she met Prince in an interview with The Mirror. “I had never been with anybody,” Mayte revealed. “I’d always been a very focused dancer and very protected. Prince was my first crush, and my first love, but we didn’t start to get serious until I turned 18. He was very respectful.”

“I think I’m now screwed for life because my first relationship was the most bizarre relationship ever and I’m not normal any more. I’ve kind-of been spoiled and I guess I am kind-of screwed-up now.”

Prince wrote tons of songs dedicated to Mayte, including “The Most Beautiful Girl In The World”. “All the songs he wrote for me, that’s a pretty hard act to follow. I’ve dated a couple of guys, musicians, who have written me poems or songs and I’m like, ‘Seriously, don’t even go there. You can’t compete!’” Mayte added.

Prince and Mayte were married on Valentine’s Day in 1996. Mayte gave birth to a son who lived for a week and she suffered a miscarriage shortly afterwards. “To lose two babies is really scary… it really caught on me emotionally, physically, everything. It took me at least 15 years to get over it and still, to this day, I miss my son,” Mayte said. - Online Sources 

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