Market Overview

Prince's Financial Life Was In Chaos, Only Trusted 'Beautiful, 20-Something Women'

Prince's Financial Life Was In Chaos, Only Trusted 'Beautiful, 20-Something Women'
Related TWX
4 Potential Winners If The Time Warner-AT&T Merger Is Approved
Netflix's CEO Is In Favor Of AT&T's Merger With Time Warner, But With One Key Condition
Time Warner: Why We Aren't Chasing The Arb Spread (Seeking Alpha)

Music icon Prince was so "distrusting" in his personal and legal affairs that his finances were a "disaster."

TMZ stated that Prince felt he has been consistently "screwed over" by advisors and experts who worked out his deals. This made him "paranoid" to sign any legal documents in the years leading up to his death. In fact, in the years leading up to his death, it was "virtually impossible" to get the artist to sign any sort of legal document.

Meanwhile, TMZ added that Prince's most trusted advisers were "beautiful, 20-something women, all models with no experience in anything." Naturally, this "caused chaos in his life.. especially in the financial department."

Related Link: Exclusive: How The Smashing Pumpkins' Billy Corgan Would Revolutionize The Music Industry

The artist had well-known contract issues with Warner Bros. in the early 1990s. At one point, Prince wrote the word "sLave" on his face.

In a separate report, TMZ stated Prince's sister Tyka filed legal documents to open a probate case to appoint a "Special administrator" since it is believed Prince left no will.

Meanwhile, CNN Money reported that on the day Prince died, 239,000 of his albums were bought. Another 399,000 albums were sold during the weekend after his death.

CNN Money, citing Nielsen Music data, added that the album sales represent a surge of more than 16,000 percent from the prior weekend.

Image credit: Scott Penner, Flickr

Posted-In: cnn money Prince TMZNews Legal Media Best of Benzinga


Related Articles (TWX)

View Comments and Join the Discussion!