The estate of Aretha Franklin is valued at less than you might think.
This is true, even for the undeniably talented.
According to a recent Wealth Advisor article titled “Aretha Franklin’s Estate Almost Criminally Undervalued Even At $80 Million,” this is the case for Aretha Franklin.
She sold 75 million albums throughout her life.
She also helped write more than 100 songs for other musicians.
Surely she would have a ridiculously large estate.
Although her $80 million makes most jaws drop, it is nothing compared to many current celebrities.
For example, the net worth of Taylor Swift is estimated to be north of $300 million.
Franklin belonged to a different era.
Managers often took a significance cut of their artists earnings.
This was made worse for Aretha when she lost much of her earnings to her husband in a divorce.
He husband also managed her early career.
The industry has changed.
Many artists manage their own publishing and make most of their money through concert tours.
Even so, Franklin will leave a significant sum to her beneficiaries.
Reference: Wealth Advisor (August 20, 2018) “Aretha Franklin’s Estate Almost Criminally Undervalued Even At $80 Million”