Belfast Telegraph

Lou Reed's estate worth £11.2m

Lou Reed's estate is worth 20.3 million US dollars (£11.2 million) and is bequeathed to his wife - musician Laurie Anderson - and his sister.

Reed's executors valued musical rights and various other assets in his estate in court papers filed yesterday in Manhattan, New York City.

The sum does not include the East Hampton, New York, home Reed bought for about £875,000 in 2009 or his Manhattan apartment in a building where apartments sell for millions.

The filing is part of the legal follow-up to Reed's will, filed in November.

The Velvet Underground frontman and Walk on the Wild Side singer died on October 27 of complications from a liver transplant. He was 71 and had no children.


From Belfast Telegraph