Little Richard was 87 when he passed away, making rock & roll, the pop revolution he helped popularize, and old enough to start receiving Social Security.
Dynastic planning is all about that timeline. Since Richard’s birth in the early 1930s, the world has undergone significant change. Additionally, the music business is hardly recognizable.
But it also implies that generalizations made about persons of his generation will have little relevance when they are compared to superstar careers of today.
They estimate that Little Richard made at least $40 million throughout the years. I’m not sure how much of the money is still available or even how many people are still alive to claim it.
Who inherited Little Richard’s money and estate?
By default if not on purpose, Richard most likely passes his remaining riches to his 49-year-old son Danny. They appear to have maintained a decent relationship over time.
There’s a good probability that religious charity will also receive a portion of the fortune, depending on his disposition. He could have decided to hand it over to one or more church ministries.
More specifically, how much there is to distribute is an issue.
Start with the actual assets. Although the authorship of timeless successes like “Tutti Frutti” is debatable, his birth name Penniman is listed as a composer on the original records.
Unfortunately, he sold the publishing rights in the middle of the 1950s, and Sony finally acquired the intellectual property. He filed several lawsuits, each time exchanging financial settlements for royalties.
As a result, his successors won’t have a sizable copyright library to preserve for future years. There is also no enigmatic collection of unheard recordings.
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