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Lou Reed Fortune Estimated At $30 Million

Lou Reed Fortune Estimated At $30 Million

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New legal documents show rocker Lou Reed left behind a $30 million fortune upon his death last fall. 

According to the New York Post's "Page Six," Reed's longtime manager recently reported to Manhattan Surrogate Court that he has collected more than $20 million since he was appointed to oversee the Velvet Underground frontman's estate. 

Most of that money is believed to have come from Reed's copyright and publishing holdings, which were flooded with requests for his work after his death on October 27th. 

The singer also left an estimated $10 million to his wife, sister and mother in his will. 

Photo: Getty Images


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