Although Prince had an estimated net worth of $300 million, reports are stating that the late musician wasn’t flowing in stacks as he should have been. According to TMZ, sources close to Prince says his choke-hold on his music catalog caused him several missed opportunities to make money. The most common way singers like Prince make a steady flow of income is to sell or license their art. We’re told Prince consistently shut down business opportunities that could have fueled his finances. Prince had numerous opportunities to use his music in movies, TV shows and commercials, but with few exceptions, he turned thumbs down. The primary way Prince made money was concerts, but our sources say the singer was so impulsive he would do shows on the spur of the moment with poor planning and little promotion. Although many were successful, enough of them weren’t … causing him to lose a fortune. TMZ goes on to report that Prince blew through money and that his net worth is grossly inflated. They are claiming that the icon is actually only worth $150 million. Hey…that’s still a lot of money though!
