Coolio died without a will, 7 kids to inherit $300K estate

[KingsOfKings]

Coolio died without a will, 7 kids to inherit $300K estate

Coolio’s former manager Jarez Posey has begun the legal process of having the late “Gangsta’s Paradise” rapper’s estate appraised.

pagesix.com

Coolio died without a will in place, prompting his former manager to go to probate court on his behalf.

Jarez Posey has begun the legal process of having the late “Gangsta’s Paradise” rapper’s estate appraised, according to court documents obtained by The Blast Tuesday.

The filing indicates Coolio’s seven adult children, who wear his ashes in necklaces, are listed as his next of kin and the probable beneficiaries of his estate.

The petition estimates the value of Coolio’s estate to be more than $300,000, and it includes “personal property and demand deposit accounts, financial accounts, insurance policies and royalties.”

However, the exact value has yet to be determined

 

[Cloutius Maximus]

damn.

 

[Kasgoinjail]

There's a zero missing on that figure?

 

[DaveyDave]

There's a zero missing on that figure?

You would think so, but who knows what his finances were like for all these years and how much publishing went to Stevie Wonder etc.

 

[Negro Caesar]

Damn. He had one of the biggest hip hop/soundtrack songs ever and only worth 300k

As a kid I loved 1,2,3,4
RIP Coolio.

 

[Diondon]

300k goddamn

 

[Ku$h Parker]

You would think so, but who knows what his finances were like for all these years and how much publishing went to Stevie Wonder etc.

And Lakeside

 

[Zero]

You can bullshyt with rap if you want

 

[OJ Simpsom]

7 kids. Thats less than $40k each

 

[Techniec]

This ain't right...smh

 

[CrimsonTider]

7 kids. Thats less than $40k each

That’s a lot of money. Most people get nothing

 

[Duke_Droese]

My dad's from the same early 60s generation. He's broke, messed around with gang stuff in the 70-90s and never really even earned consistently over the years but his house he brought way back in the day is now worth 550-600k.

Coolio was one of the biggest artists of the 90s and has an ATG track. He was also probably getting show money to the time of his death.

Confusing as hell.

 

[ORDER_66]

$300K?!!?

 

[bigde09]

Coolio would do these goofy d-list celebrity shows so I’m not surprised he didn’t have much in the end

 

[OJ Simpsom]

That’s a lot of money.

Not after taxes and in today's economy. That can get spent up in a year easily.