Prince may have been a good musician, but he certainly didn’t make a conventional investor.
In an evaluation of the music legend’s assets first reported on by the Minneapolis Star Tribune, Bremer Trust found that the “Purple Rain” singer had no stocks, bonds, or other financial assets, but did have a substantial amount of gold bars.
It’s unclear when Prince bought the gold, but the price of the asset rose from less than $300 per ounce in 2000 to more than $1,800 an ounce in 2011 before pulling back to its current price of $1,180 an ounce on Monday.
In addition to the gold, Prince had significant holdings of real estate with 12 separate tracts of land valued at a total just shy of $25.5 million, and over $28,000 spread over 4 different bank accounts.
Prince also held over $55,000 in “miscellaneous cash” not tied to any bank account.
Bremer Trust has yet to determine the value of some of Prince’s other assets, including unreleased music, fine art, and musical instruments.
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