Luciano Pavarotti’s American assets under dispute.
Posted on March 3, 2008
Luciano Pavarotti with wife Nicoletta and daughter Alice.
Luciano Pavarotti, the opera singer who passed away in Sept. 2007, had debts of about $24 million. Most of the debts were on outstanding mortgages on properties. He had an apartment in New York, as well as houses all over the world.
Luciano Pavarotti in 1984, at the peak of his career.
In Italy, Luciano had cash and stocks in banks that were worth around $12 million. His other assets included costumes he wore at stage performances in opera houses all over the world. These old wardrobes were priceless.
According to Italian law, Luciano Pavarotti’s estate would be divided to give his widow Nicoletta, 37, and their 5 year old daughter Alice, 50% of his estate. Luciano’s 3 older daughters named as Lorenza, Cristina and Giuliana, would receive the other 50%, to be shared among themselves. The older daughters were from Luciano’s first marriage to Adua Veroni.
There was a dispute as the American part of his estate counting the New York property, 2 Henri Matisse paintings and furniture were supposedly in a trust drawn up exclusively for Nicoletta.
Source: DM
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