News Column

Lou Reed Leaves $20 Million Estate

July 1, 2014

Associated Press

NEW YORK, N.Y. - Lou Reed's estate is worth over $20 million, and it's bequeathed to his wife — musician Laurie Anderson — and his sister.

Reed's executors value musical rights and various other assets in his estate at $20.3 million in court papers filed Monday in Manhattan.

The sum doesn't include the East Hampton, New York, home Reed bought for about $1.5 million in 2009 or his Manhattan apartment in a building where apartments sell for millions.

Reed's lawyer and one of his executors didn't immediately return calls Tuesday. 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 Oct. 27 of complications from a liver transplant. He was 71 and had no children.

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Original headline: Lou Reed's estate, worth over $20M, bequeathed to wife and sister, executors say


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Source: © 2014 The Canadian Press. All rights reserved.


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