When Coolio died in September, he reportedly didn’t have a will in place, and now seven of his children are likely to inherit and split his estate.
According to a report from The Blast on Tuesday (December 27), Coolio’s manager has filed a probate case to begin the process of appraising the late “Gangsta’s Paradise” rapper’s estate. Of his 10 children, seven are adults and are listed as his next of kin and probable beneficiaries.
The value of Coolio’s estate is currently estimated at over $300,000, including “personal property and demand deposit accounts, financial accounts, insurance policies and royalties.” The exact value has yet to be determined, however.
Coolio unexpectedly passed at the age of 59 on September 28. His death sent shock-waves through the Hip Hop community, with Snoop Dogg, Ice Cube, LL COOL J and many more paying their respects.
According to his longtime manager Jarez, Coolio was visiting a friend’s house at the time and went to the bathroom, but never came back. His friend went to check on him and eventually discovered the Grammy-winner laying on the bathroom floor. Paramedics were called to the house, but he was pronounced dead on the scene.
The following week, his seven adult children began the process of designing pendants to be filled with their father’s ashes. A report revealed the rest of Coolio’s ashes were to be put into an urn after all of the necklaces were filled – which included additional family members outside of the kids.
Coolio had major plans to close out the year prior to his untimely passing. He was on the verge of finalizing a deal for a Las Vegas residency, where he was set to headline 10 shows at the Westgate Las Vegas Resort & Casino starting in late October and running through mid-November.
He was also preparing to bring his “Kwanzaa-bot” character back for Futurama‘s forthcoming revival on Hulu. With his lines and a few bars already recorded, the show will move forward with the character’s return and will dedicate the episode to Coolio’s memory.
300k? Missing some zeros?
300k? Missing some zeros?
Damn that’s it? Music industry is shit for an old head
30+ years in the game i hope he had life insurance at least with 7 seeds cuz that 300K wont even cover the 7 chains
300 K estate. That’s what all you stupid negroes are defending when you open your ass for the jewish music industry and run to condemn whatever rapper they ripped off. keep your fucking mouth shut negro. complete your schooling no GED get a job nothing is free in life. talking sht on a microphone gets you sht on in real life. don’t matter what your phone or your mama tell you rap is worthless and so is your neighborhood. only worth you have is inside but you have to invest your time and it’s not easy. keep my words close bro
wait wait waiiiit …… there coming out with a new futurama???
could be Cool just managed his money better than most. or maybe he was waiting on another big show check to come through. he lived pretty good by most accounts not like he was in public housing- so maybe it’s just accounting and dude below needs to take some meds relax
300k/7… Well, damn, don‘t spend it all in one place oy‘all…
300k/7… Well, damn, don‘t spend it all in one place y’all…