According to Prince’s half-sister, Sharon Nelson, the legendary singer’s estate will be bankrupt by the end of the year. The money has reportedly been mismanaged by the family and Comerica Bank. According to Nelson, the unsettled issues between the bank and their heirs has resulted in this prediction of bankruptcy.
In a recent interview with Billboard, she says that the disputes have resulted in “thousands of court filings and racked up millions of dollars in legal fees, without any money or real estate assets being distributed to the late artist’s beneficiaries.” She then states that if the fighting continues, “Prince’s estate will be bankrupt by the end of the year.”