Prince Net Worth: Career & Lifestyle

Prince
Prince (Source: Wallpaper Abyss – Alpha Coders)

One of the legendary singers known for his colorful persona and wide vocal range, Prince’s net worth was a staggering $200 million at the time of his death.

Price is considered one of the greatest musicians of his generation, with multimillion record sales to his name.

Perhaps the most decorated musician of all time, Prince had seven Grammys, a Golden Globe, and an Academy Award to his name.

Prince produced his own albums and played most if not all the instruments by himself on his recordings.

Prince
Prince (Source: TIME)

With more than 150 million record sales to his name, Prince is one of the best-selling solo artists of all time.

Throughout his lifetime, Prince was able to bag almost all the significant achievements that musicians could ever dream of.

His list of highest honors included the American Music Awards for Achievement and of Merit, the Grammy President’s Merit Award, and the Billboard Icon Award.

Prince | Quick Facts

Here are some quick facts about one of the greatest musicians of all time, Prince:

Birth Name Prince Rogers Nelson
Known As Prince
Nickname Skipper, His Royal Badness, The High Priest of Pop, The Prince of Funk, The Purple One, Tora Tora
Net Worth $200 Million
Birth Date June 7, 1958
Date of Death April 21, 2016
Place of Birth Minneapolis, Minnesota, United States
Nationality American
Horoscope Gemini
Religion Jehovah’s Witness
Height 5’2″/157 cm/1.57 m
Weight 55 kg/121 lbs.
Shoe Size 6 (US)
Distinctive Features Short Stature, Colorful Outfits, Wore High Heeled Shoes
Build Slim
Eye Color Light Brown
Hair Color Black
Occupation Singer, Musician, Dancer, Songwriter, Multi-instrumentalist, Record producer, Actor,
Father’s Name John L. Nelson
Mother’s Name Mattie Della Shaw Baker
Sibling Name
  • Lorna L. Nelson
  • Tyka Nelson
  • John R. Nelson
  • Duane Nelson
  • Alfred Jackson
  • Norrine Nelson
  • Omar Baker
  • Sharon L. Nelson
Spouses Mayte Garcie (m. 1996-2000), Manuela Testolini (m. 2001-2007)
Partners Susan Moonsie (1980-1985), Susannah Melvoin (1985-1986), Sheila E. (1986-1989),Judith Hill (2014-2016)
Sexual Orientation Undetermined
Children
Amiir Nelson
Ethnicity Afro-American
Education Bryant Junior High, Central High School
Songs Purple Rain, When Doves Cry, Raspberry Beret, I wanna be your Lover, Little Red Corvette, Kiss, Let’s Go Crazy, Cream
Awards Seven Grammy Awards, Grammy Hall of Fame, Academy Award, 2 MTV VMA, 3 AMA, BET Lifetime Achievement Award, Billboard Icon Award, People’s Choice Award
Band  The Revolution, 3rdeyegirl, The Family, Madhouse, 94 East
Genre Minneapolis Sound, Funk, Pop, R&B, Rock, Soul, Progressive Soul
Instruments Vocals, Guitar, Bass Guitar, Drums, Piano, Harmonica, Keyboards, LinnDrum, Saxophone
Labels Paisley Park, Warner Bros, NPG, EMI, Columbia, Universal Music Group, Arista Records
Years Active 1975–2016
First Album For You (1978)
First Film Purple Rain (1984)
First TV Show The Midnight Special (1980)
Favorite Food Kimchi, Spaghetti With Orange Juice, Microgreens, Yak’s Milk, Dunkaroos, Maple Syrup, Mustard
Favorite Basketball Player Dwyane Wade
Favorite Basketball Team Oklahoma City Thunder
Brand Endorsements Target, Super Bowl XLI
Merch Signed Photo, Book, Prince Themed Wall Clock
Social Media FacebookInstagramYouTubeTwitter
Last Updated October 2022

Prince | Net Worth, Will and Settlements & Estate

Net Worth

One of the greatest musicians of all time, Prince’s net worth was $200 million at the time of his death in 2016.

However, according to several sources, he was worth even more than that at the time.

With more than 100 million albums and 150 million record sales, Prince had amassed quite a fortune.

His second studio album Prince earned him $3 million in 1979.

Similarly, he released an album titled 1999 in 1982, which made Prince $4.35 million.

Prince’s biggest success yet came in the year 1984 with the release of his sixth studio album titled Purple Rain.

The album sold over 25 million copies worldwide and was certified a Diamond by RIAA. The most successful album of the artist made him $25 million.

Likewise, his 1985 album Around the World in a Day made $7 million, his 1986 album Parade made $2 million, his 1989 album made $11 million, and the compilation album The Very Best of Prince made $3.455 million for the singer.

In 2004 alone, Prince made $56.5 million from concerts and album and publishing sales.

Prince’s performance in 2008 Coachella earned him a paycheck of $5 million.

Tour Income

One of the greatest musicians was also one of the biggest concerts draws.

Prince had headlined several highest-grossing tours over the course of his career.

Prince Net Worth- Prince's Live Performance
Prince’s Live Performance (Source: People Magazine)

While the exact data of how many tours Prince had headlined is not available, sources claim that he did 30 identifiable tours over his 40 years career.

Out of that, his 2004 tour grossed over $87 million at the box office, making it the most successful tour of the year.

Will and Settlements

The estate settlement is perhaps the most hectic for the people involved in the procedure, especially when there is no proper will which is exactly what happened after Prince’s death.

The most important asset for musicians like Prince has to be their music rights and catalog, as it acts as a perpetual source of income via royalties.

In Prince’s case, the singer famously owned most of his work.

When he made his demise, there was no proper will; thus, the value of his entire estate was passed to six family members.

After Prince’s death, there was hysterical debate over his estate, which seemed pretty obvious as the case was hundreds of millions of dollars.

The administrator of the estate was Comerica Bank & Trust.

According to their estimation, Prince’s estate was worth around $82 million in total. This included all his real estate, name, likeness, and, most importantly, music rights.

However, contrasting the evaluation of CBT, Internal Revenue Service claimed that the estate was worth at least $163 million.

After a few trials and legal disputes, Comerica and IRS came to a common ground and valued Prince’s estate at $156 million in total.

With all said and done, the estate was evenly divided between three of his oldest family heirs and his music company Primary Wave.

Nevertheless, over the six-year period between Prince’s death and the final agreement, two of his six siblings died.

Interesting!

Disputed value of Prince’s Estate

After Prince’s death, the dispute between estate administrator Comerica Bank & Trust and IRS rose, with both claiming the different value of the estate.

The first and foremost dispute was over New Power Generation publishing. New Power Generation NPG was the backing band of Prince from 1990 to 2013.

Just so you know, NPG owns the Prince’s songwriting copyrights.

Over the NPG publishing, Comerica fixed the value of $21 million while IRS pegged $37 million.

Similarly, another dispute was over NPG Records, Prince’s record label.

Over this matter, Comerica pegged a $19.4 million valuation while the IRS pegged $46 million.

Likewise, Comerica valued “Writer’s Share” of the songwriting catalog a mere $11 million, while IRS fixed the value of a staggering $22 million.

Net Worth of Prince in Different Currencies

Prince’s net worth was $200 million at his death. Let’s check it out in the different currencies:

Currency Net Worth
Euro € 189.77 Million
Pound Sterling £ 160.27 Million
Australian Dollar A$ 285.13 Million
Canadian Dollar C$ 256.59 Million
Indian Rupee ₹ 15,499,800,000
BitCoin ฿ 6,657.79

Prince | Houses & Cars

Houses

Prince’s net worth at the time of his death was $200 million.

He had invested his fortune in several pieces of real estate across the country.

He had 149 acres of land in Chanhassen, Minnesota. The value of the property was pegged at $15 million by IRS while $11 million by Comerica Bank.

Prince also owned a massive mansion in Toronto, Canada. He reportedly purchased the 5.5-acre property mansion back in 2001 for $5.5 million.

In 2011 the place was sold for $8.3 million.

Aside from that, Prince rented an 18,000 square feet mansion from NBA star Carlos Boozer in Los Angeles.

Prince also owned several properties in his hometown of Minneapolis.

Cars

The man with his distinctive style Prince owned more than a few automobiles, including both two-wheelers and four-wheelers.

Some of the most notable wheels in his garage included 1964 Buick Wildcat, 1999 Plymouth Prowler, 1991 BMW 850i, 1984 BMW 633CSI, and 1993 Ford Thunderbird.

Prince Net Worth- Prince Cars
Prince Cars (Source: HotCars)

Similarly, Prince had a thing for motorcycles and owned a handful of them.

The most special motorcycle in Prince’s collection was the Purple Rain Hondamatic CM400A.

Aside from these 1997 Lincoln Town Car, the 1995 Jeep Grand Cherokee, 2010 Mercedes-Benz, 2006 Bentley, 1985 Cadillac limousine, and the 1996 BMW Z3 roadster were some of the cars in Prince’s possessions at the time of his death.

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Prince | Lifestyle & Death

Lifestyle

Prince’s net worth at the time of his death was a staggering $200 million.

One of the greatest names in the music industry Prince was a man with a super special personality and uncanny charm.

He lived his life to the fullest, or we believe he did.

Prince was romantically involved with several singers and models, including Madonna, Kim Basinger, Carmen Electra, and Susannah Melvoin.

Prince Net Worth
Prince (Source: Harper’s Bazaar)

He was an animal rights activist and followed a vegan diet for some part of his life.

However, he later described himself as a vegetarian.

Moreover, following more than two years of debate with bassist Larry Graham, Prince became a Jehovah’s Witness in 2001.

He never considered it the conversation but realization.

Prince was an avid guitar player, given his profession. He had one of the iconic and flamboyant custom guitar collections, with 121 guitars in total.

Death

Prince postponed two shows in Atlanta on April 7, 2016. He released the statement saying he was recovering from flu.

He performed the final show of his life on April 14 even though he was feeling unwell.

While getting back to Minneapolis the next morning, Prince did not show any sign of responsiveness on the airplane, and hence the private jet had to emergency land in Illinois.

The test later in the hospital revealed that he had an overdose of opioids.

Prince left the hospital against hospital advice.

However, on the morning of April 21, a 911 call came requesting an ambulance be sent to Paisley Park.

Prince was found without any sign of life, but still, the paramedics performed CPR, but nothing brought back the legend from the other side.

The 57 years old Prince left the world on April 21 because of an accidental overdose of the opioid Fentanyl.

Prince’s net worth at the time of his death was $200 million.

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Prince | Career

On April 27, 1978, Prince released his first album titled For You.

However, this did not perform well in the charts as well as in audiences.

He then released the self-titled album Prince in 1979. The album proved to be quite a bounce in his career, after which he never had to look back.

Prince Early Days
Prince Early Days (Source: The Glass Magazine)

Prince’s sixth studio album Purple Rain released in 1984, sold over 13 million copies in the United States alone.

It spent 24 weeks straight at No. 1 on the Billboard charts.

Unknown Facts About Prince

  • In an interview, Prince revealed that he was born epileptic and used to have seizures when he was a child.
  • He wore high heels to compensate for his short stature.
  • Interestingly, Prince and Michael Jackson were not friends.

FAQs

Who had more hits, Prince or Michael Jackson?

Michael Jackson had way too many hits than that Prince. Michael is ahead of Prince in terms of record sales as well. While Prince sold over 150 million records, Michael sold over 750 million records worldwide.

How did Prince react to Michael Jackson’s death?

According to an unpublished 2014 Rolling Stone interview, while asked about Michael Jackson’s death, Prince simply replied, “I don’t want to talk about it.”

Did Prince have a funeral?

Prince’s family chose to organize a private funeral. About 50 high-profile guests attended the ceremony.

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