Tyka Nelson, 55, will be awarded Prince’s estate under Minnesota state law as his closest living relative.
She and her brother were close in recent years after a difficult stretch in their relationship when Tyka was struggling with an addiction to crack cocaine and prostituting herself to support her two young sons, Sir Montece Laeil Nelson and President LenNard Laeil Nelson.
Prince has an approximate net worth of $300 million, which does not include the millions his estate is set to make in the coming weeks from the increased sale of merchandise and music or the money the singer received when he signed a deal agreeing to stream all his music on Tidal.
His music catalog meanwhile is worth over $500 million according to Prince’s first manager Owen Husney, due in large part to the fact that unlike other artists he owned both his master recordings as well as his own music publishing.
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