Coolio died without a will, 7 kids to inherit $300K estate

[jadillac]

$300K?!!?

They said more than 300k. So maybe closer to 350 or 4

Either way brehs, those songs were almost 30 yrs ago, they were samples, and he hasn't released much relevant albums since 1995. Ppl in the 90s with massive hits were often getting screwed over.

 

[CrimsonTider]

Not after taxes and in today's economy. That can get spent up in a year easily.

What world you living in where you pay taxes inheritances and 40k wouldn’t be beneficial ?

 

[Icewatermetallik]

Breh this don't make sense.....all his albums went Gold or multi Platinum.....It takes a Theif went Plat.....Gangsta's paradise went 5x Plat worldwide.....My Soul went Gold, plus Gangsta's Paradise was arguably the biggest song of 95' and won a Grammy.

Coolio shoulda been eatin' off those royalties from those albums alone plus the Gangsta's paradise single, nevermind all his movie credits.

 

[Tasha And]

Everyone please make sure you have a life insurance policy for your kids.

 

[Easy-E]

Coolio was one of the biggest artists of the 90s and has an ATG track. He was also probably getting show money to the time of his death.

Confusing as hell.

No, this makes all the sense in the world

Show money was going to feed his lifestyle

His biggest song prolly all goes to the sample and he ain't had a hit in about three decades

 

[Tasha And]

Breh this don't make sense.....all his albums went Gold or multi Platinum.....It takes a Theif went Plat.....Gangsta's paradise went 5x Plat worldwide.....My Soul went Gold, plus Gangsta's Paradise was arguably the biggest song of 95' and won a Grammy.

Coolio shoulda been eatin' off those royalties from those albums alone plus the Gangsta's paradise single, nevermind all his movie credits.

I heard in a podcast that Stevie Wonder receives most (like 90+%) of the pub royalties from Gangsta's Paradise.

 

[jadillac]

Breh this don't make sense.....all his albums went Gold or multi Platinum.....It takes a Theif went Plat.....Gangsta's paradise went 5x Plat worldwide.....My Soul went Gold, plus Gangsta's Paradise was arguably the biggest song of 95' and won a Grammy.

Coolio shoulda been eatin' off those royalties from those albums alone plus the Gangsta's paradise single, nevermind all his movie credits.

Breh, Steely Dan took 100% of Lord Tariq amd Peter Gunz writing credits for "Uptown"

100%

100%

Coolios biggest hits were samples if I recall. So could be a situation where he didn't see royalties from them outside of show money.

 

[get these nets]

Breh, Steely Dan took 100% of Lord Tariq amd Peter Gunz writing credits for "Uptown"

100%

100%

Coolios biggest hits were samples if I recall. So could be a situation where he didn't see royalties from them outside of show money.

After the fact. They didn't get clearance and put the record out anyway.
Steely Dan and his legal team came for what was theirs, and there was nothing they could do. They didn't expect the song to become a monster hit, so they didn't clear it/work out a deal before hand.

The Bronx keeps creating it, and Steely Dan keeps on taking it.
YEAHHHHHHHH !!!!!!!!

 

[NZA]

these older black artists not only have bad deals when they start, they get into bad entanglements when they are older. all those bad tv shows and endorsements of lame products. his kids need real lawyers to go through the books to make sure his "business partners" are not claiming his assets.

 

[jadillac]

After the fact. They didn't get clearance and put the record out anyway.
Steely Dan and his legal team came for what was theirs, and there was nothing they could do. They didn't expect the song to become a monster hit, so they didn't clear it/work out a deal before hand.

The Bronx keeps creating it, and Steely Dan keeps on taking it.
YEAHHHHHHHH !!!!!!!!

I thought i heard Gunz tell a story of how they were about to put thr record out and wanted to recreate the track but it didn't have the same feel as the sample....and so they just went ahead and got the clearance from SD and then released it

 

[Cryptocurrency Scarface]

The Royalties should theoretically really be feeding these kids spaghetti and lobster everyday :for 4 square meals

 

[GetRichOrDieTryin]

If they smart, re invest it.

 

[Spiritual Stratocaster]

Brehs we all know the industry is foul..

The fuk yall questioning his finances?

 

[Mike the Executioner]

Did Coolio get his last Futurama check? Because before he died, he had already recorded his lines for the new season.

 

[Serious]

7 kids. Thats less than $40k each

that's more than a lot of us are getting.