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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.

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