In this piece, we will look at the age, career, and net worth of legendary singer Aretha Franklin. Continue reading to the end for more information.
Who was Aretha Franklin?
Aretha Louise Franklin was a singer, composer, and pianist from the United States. The “Queen of Soul” has twice been selected by Rolling Stone as the greatest singer and the ninth greatest artist of all time. Franklin is one of the world’s best-selling music artists, having sold over 75 million records worldwide.
Franklin was noted as a child for her gospel singing at New Bethel Baptist Church in Detroit, Michigan, where her father was a minister. She got signed as a recording artist for Columbia Records at the age of 18. Read More
|March 25, 1942
|August 16, 2018
What was Aretha Franklin’s net worth?
As per Celebritynetworth, Aretha Franklin was a legendary American singer, songwriter, and musician known as the “Queen of Soul.” Aretha Franklin had an estimated net worth of $80 million at the time of her death in 2018. This figure incorporates the worth of her likeness, song collection, and royalty stream.
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Aretha Franklin’s most famous songs included “Respect,” “I Say a Little Prayer,” and “I Never Loved a Man (The Way I Love You).” She is still one of the best-selling musicians of all time, with over 75 million albums sold worldwide.
Aretha Franklin’s Estate After Death
Franklin owed the IRS between $5 and $8 million, it was discovered after her death on August 16, 2018. She had a sizable portfolio of real estate, equities, and other assets, which her attorneys began moving to sell in May 2019. Although her song and image archives are much less liquid assets, they are still incredibly valuable.
She allegedly passed away without a will. Her four adult sons would each receive a portion of her estate’s value in accordance with Michigan law.
Who Inherited Aretha Franklin’s Estate – Aretha Had Four Wills
According to the Independent, Franklin’s residence included three wills, the most recent of which was dated March 2014. Unfortunately, the quality of the writing, the number of words crossed out, and the presence of writing in the margins made it difficult to read these documents.
Her youngest son Kecalf Franklin received a larger percentage of her fortune under the March 2014 will, while her oldest son Clarence Franklin was to receive a smaller share. However, the court would have to decide whether the will and the other handwritten documents were valid.
Since her aunt Franklin passed away, Sabrina Owens had been the estate’s personal representative or executor. But in January 2020, she made plans to leave the position public due to the ongoing family strife over how to handle Franklin’s estate.
By resigning, Owens allegedly hoped to “calm the rift in my family” (according to the Detroit Free Press). “The heirs and I are at odds over my role in the estate. This is not what my aunt would have wanted for us, nor is it what I want, given her strong love of family and need for privacy, she wrote. A fourth will of Benjamin Franklin was discovered not long after this declaration, according to the latest report.
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