RadarOnline.com has exclusively learned Prince‘s longtime collaborator and former lover is desperately trying to help preserve the music icon’s massive $300 million fortune.
According to an insider, “Glamorous Life” singer Sheila E., 58, has approached Prince’s sister Tyka Nelson about allowing her to run her late brother’s estate.
“Sheila wants to protect his legacy at all cost but it seems unlikely that the family will go for it, although Prince’s friends are lobbying hard for Sheila to be in control,” said the insider.
Sheila E.’s attempt to take control isn’t a greedy move on her part. Insists the insider: “She’s even offered to do it at no charge.”
As Radar reported, a court granted Nelson the right to be executor of the estate after it was determined her brother had never drawn up a will.
Prince’s vast estate, including a valuable musical catalog of his work, will most likely be divided amongst his brothers and sisters.
“There’s complete and utter chaos because Tyka isn’t well versed in managing anything like this,” an insider told Radar. “But the other half siblings are even less equipped to deal with it!” a source previously told Radar.
Radar Online | Photo: nydailynews.com
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