News

Lou Reed leaves $30m fortune

Lou Reed leaves $30m fortune

Lou Reed has left a total of $30 million (£17.5m) in his will - including $20.4m (£12m) in royalties earned since his death in October 2013.

According to documents lodged with Manhattan Surrogate Court by Reed's manager Robert Gotterer, the singer's estate totals $30m (£17.5m), with two-thirds of that having been gathered by Gotterer since Reed's death at the age of 71 last year.

The documents reveal Reed left $15m (£8.8m) to his wife, artist Laurie Anderson, along with two homes in New York worth a total of £5m and his personal property. Reed left his sister Margaret Reed Weiner $500,000 to care for their mother, Toby, but she will receive a further $5m from the money Gotterer collected.

Visit our dedicated features section, with plenty of our best long pieces archived there. You can find it here.

Uncut is now available as a digital edition! Download here on your iPad/iPhone and here on your Kindle Fire or Nook.


Newsletter


Editor's Letter

The 39th Uncut Playlist Of 2014


A lot to get through here, but I'm indebted once more to the resource that is www.nyctaper.com, who this week have posted two amazing live sets by Steve Gunn and Ryley Walker. Elsewhere, there's a new Waterboys track to check out,...