Bob Marley died in 1981, but earns $ 23 million a year after three decades of legal battle against his estate.



[ad_1]

Robert Nesta Marley, reggae icon, has not lost his life and his family has escaped misery thanks to the wealth he has left him thanks to his years of musical dexterity that have acclaimed him as one of the most best musicians of all time.

Born that day, February 6, 1945, Bob Marley led a humble life, promoting the freedom of the poor and oppressed, social equality and justice. However, his May 11, 1981, death from cancer was followed by several decades of lawsuits over his estate, which would have yielded about $ 30 million upon his death.

The last days of Bob Marley with his wife Rita Marley

Bob Marley did not leave a will according to his Rastafari beliefs that characterize lawyers and legal documents as evil and evil tools of Babylon. His family could only rely on Jamaican intestate law to decide the distribution of his wealth.

His wife, Rita Marley, would have received 10% of her badets and would be entitled to an additional 45% throughout her life, while her at least eleven children from seven different women would share the rest. It did not seem right for some and it did not go well.

Marley's business lawyer, David Steinberg, and an accountant, Marvin Zolt, convinced Rita to forge his namee to a series of documents and prior to his death. The plan was to transfer control of the vast majority of Marley's interests, royalties and money.

The scheme was discovered by one of Marley's former leaders and began a long series of legal battles that ended after the two accomplices were found guilty of fraud and other illegalities in the amount of $ 6 million. of dollars.

Rita Marley also confessed and stated that she had acted on the advice of the lawyer. She lost the administrative control of Bob Marley's estate that she owned since her death until 1986.

At the same time, several of Marley's children and their mothers were prosecuted; one of the Wailers, the eight members of Marley's group at the time of his death; and another from Cayman Music, which claims to own some of Marley's recordings.

Marley's mother has also moved to his $ 300,000 South home in Miami in 1977 and Chris Blackwell, president of Island Records, Marley's label, wanted to include the property in an $ 8.2 million sale from Marley's estate.

Blackwell would get the royalties on Marley's recordings, the copyrights of his songs after 1976, and the real estate, including the South Dade House, if the deal was successful. He expressed his willingness to negotiate the sale of the house but Bob Marley's mother challenged the deal. The legal battle ended after a decade with both parties benefiting.

Marley Brothers

In another legal battle that ended in the early 1990s, the Supreme Court of Jamaica ruled that Rita Marley's and Marley's children had the exclusive right to use the name, image and image of Marley for commercial purposes.

That decision gave rise to another lawsuit in 2011 when Rita Marley and nine of Bob's children sued his half-brother, Richard Booker, and two of his businesses. Booker used Marley's name and image to market the annual 9 Mile Music Festival in Miami and owned a company that organizes tours of the village where Marley was born and is now buried.

He also marketed the term "Mama Marley" for his range of fish products. Booker claimed that Bob Marley had given him permission to use the last name. After a year of trial, the family has reached an agreement.

As of 2018, Bob Marley is the fifth dead celebrity winner, according to Forbes. His estate, now called House of Marley, is run by four of his children, Rohan Marley, the domain's brand manager; Cedella; Stephen and Ziggy, while the others sit on a board and share the recipes equally.

Marley brothers and sisters

The product comes from the sale of products in more than 48 countries, according to estimates. Forbes, which included headphones, Marley Natural cannabis, smoking accessories, Get Together portable speakers (which had sales of $ 6 million in 2016) and Smile Jamaica headphones ($ 8.1 million) .

There are also Uplift headphones; Marley Coffee (managed by Rohan) and Marley Natural (managed by Cedella), which sells herbal products, such as smoked glbad water pipes.

The Marley family hired a team to help manage House Marley and deal with the unauthorized use of Bob's name and likeness. Forbes estimates that unauthorized sales of Marley music and products generate more than half a billion dollars a year, although the estate disputes this.

[ad_2]
Source link