Rhinestone Cowboy’s Estate Surprisingly Small
When Glen Campbell passed away in August 2017, rumors about his will, debts and assets began to circulate.
When Glen Campbell passed away in August 2017, rumors about his will, debts and assets began to circulate. It may be a long while before the dust settles.
Some of the stories circulating about famed country legend Glen Campbell, say that his widow Kimberly is suing the estate for more than $500,000 in medical bills. Others say that only five of his eight children were listed in the will. There’s also a big gap between what his assets were thought to be in the past—$50 million—and what they are considered to be now—less than half a million dollars.
Campbell, who suffered from Alzheimer's, died in Nashville at the age of 81.
Wide Open Countryrecently published an article, “Glen Campbell’s Estate Might Not Be Worth as Much as You’d Think,”that gives details about what Glen left behind for his family.
An Arkansas native, Glen started his professional career as a studio musician in Los Angeles, spending several years playing with a group of world class musicians known as "the Wrecking Crew." Campbell played guitar on hundreds of hit records, many without credit. When he went solo, he placed a total of 80 different songs on either the Billboard Country Chart, Billboard Hot 100, or Adult Contemporary Chart—29 made the top 10 and nine reached number one on at least one of those charts.
There were some reports that Campbell’s assets came to roughly $50 million. However, more recent estimates say it’s worth around $410K.
The Tennesseanreported that Campbell’s accountant and manager Stanley B. Schneider (who was appointed administrator ad litemby a judge earlier in 2018) filed paperwork that says Campbell’s combined assets reached a lower amount than many anticipated.
The claim says the stake in AZPB Limited Partnership holds the most value at $296,164, interest in AZ Baseball Broadcast Holdings totals $3,464, and the combined total of two bank accounts is just $959.
Funds from Glen Campbell Music, Inc. and Glen Campbell Enterprises total $109,634.
In addition, Schneider listed debts for state and federal taxes and legal fees totaling $118,200. He also reported that $43,448 of royalties were paid to the estate in the eight months after Campbell’s death. More than $76,000 is owed.
Campbell was one of the biggest stars in show business at one point, with a weekly television show, 45 million records sold and many hits on the pop and country charts.
Reference: Wide Open Country (April 26, 2018) “Glen Campbell’s Estate Might Not Be Worth as Much as You’d Think”
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