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Lou Reed’s $30 Million Legacy

The legendary rocker left behind a massive estate when he died in 2013

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Lou Reed presents on November 16, 2012 in Madrid, Spain. (Carlos Alvarez/Getty Images)

When Lou Reed died in October 2013, the rocker left behind more than just his iconic music catalog. According to the New York Post, he also left a whopping $30 million fortune.

Robert Gotterer, the Velvet Underground frontman’s longtime manager, reported to Manhattan Surrogate’s Court last week that he has collected $20,379,169 since being appointed to oversee Reed’s estate in November.

And the $20 million-plus in “money and other property” doesn’t include the approximately $10 million in gifts Reed left to his wife, sister and mother in his will.

The Brooklyn-born writer, poet, and musician made millions off copyrights, and publishing ventures, and with the enduring popularity of songs like “Walk on the Wild Side” and the oft-covered “Pale Blue Eyes,” the royalties will likely continue rolling in.

Previous: Lou Reed, 1942-2013: Baruch Dayan Emet
Lou’s Gift: The Magic of a Rock ’n’ Roll Poet
Related: Lou Reed’s Rabbi
No Mr. Nice Guy: Lou Reed

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Lou Reed’s $30 Million Legacy

The legendary rocker left behind a massive estate when he died in 2013

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