Who Inherited The Notorious B.I.G.'s Money?
Who Inherited The Notorious B.I.G.'s Money?
The Notorious B.I.G., also known as Biggie Smalls, is considered one of the greatest rappers of all time. His untimely death in 1997 left many fans devastated, but his legacy continues to live on through his music, influence, and estate. Even though Biggie was only 24 years old at the time of his death, his music and brand have been incredibly profitable, generating millions of dollars in royalties and sales since then. So, who inherited his money, and how much is his estate worth today?
Who Inherited Biggie's Money?
When The Notorious B.I.G. passed away in 1997, he left behind a wife, Faith Evans, and a young daughter, T’yanna Wallace. Since Biggie did not have a formal will, his estate was initially managed by his mother, Voletta Wallace. Voletta became the legal administrator of his estate and made sure that Biggie’s wealth and intellectual property were properly managed.
After Faith Evans and Voletta Wallace took over, the management of Biggie’s estate shifted focus to preserving his legacy while ensuring that his family benefited from his success. Faith Evans and Voletta worked to ensure T’yanna, who was just a child at the time of his death, inherited her share of Biggie’s estate.
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In 2015, a large portion of Biggie’s estate was handed over to his daughter T’yanna, who was 22 years old at the time. This ensured that she would benefit financially from her father’s work, as the estate continued to generate revenue from music, merchandising, and licensing deals. Today, T’yanna and Faith Evans both play a major role in Biggie’s legacy and wealth distribution.
Who Gets the Royalties from Biggie’s Music?
The royalties from The Notorious B.I.G.'s music continue to be a major source of income for his estate. Since his passing, his albums have sold millions of copies worldwide, and his music has been streamed billions of times. Biggie’s iconic albums Ready to Die and Life After Death are still considered some of the greatest hip-hop records of all time, and his songs remain staples of rap culture.
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The royalties from Biggie’s music are typically distributed to the estate’s beneficiaries, primarily Faith Evans and T’yanna Wallace. Additionally, other members of Biggie’s family and stakeholders in the estate continue to receive a portion of these royalties. A significant portion of the estate’s royalties comes from licensing his music for use in movies, TV shows, commercials, and video games.
In addition to direct royalty payments from his music, Biggie’s estate also generates revenue from his image and likeness, including clothing lines, memorabilia, and merchandise. These earnings are used to support his family and continue building upon his brand.
How Much Is Biggie Smalls' Estate Worth Today?
Since Biggie’s death, his estate has grown substantially, thanks to the enduring popularity of his music, brand, and image. In recent years, Biggie Smalls’ estate has been valued at between $50 million and $100 million, depending on market factors such as album sales, streaming income, and licensing deals.
The Notorious B.I.G.’s estate continues to earn substantial income, even more than two decades after his passing. The estate benefits from Biggie’s status as an enduring figure in popular culture, and his influence on rap music continues to grow with each new generation of fans. In addition to album sales and streaming, his image is used in various product endorsements and marketing campaigns, further contributing to the value of the estate.
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While The Notorious B.I.G.’s life was tragically cut short, his legacy has been carefully managed and preserved by his family. His mother, Voletta Wallace, played a pivotal role in overseeing his estate after his death, ensuring that his wealth was passed down to his daughter, T’yanna Wallace, and his wife, Faith Evans. Today, the royalties from his music, along with earnings from his brand, continue to provide financial security for his family.
Biggie’s estate is now worth between $50 million and $100 million, with a steady flow of income from music royalties, merchandise, and licensing. The Notorious B.I.G.’s wealth endures, cementing his place as not only one of the greatest rappers of all time but also as a lasting cultural icon.