Bob Marley Real Estate Evaluation
Bob’s estate was valued at $11.5 million at the time of his death in 1981. In today’s inflation-adjusted currency, that amounts to $32 million. Marley’s music and image rights garnered hundreds of millions of cash for his heirs in the decades following his death.
More than $500 million is said to be generated each year by both approved and unlicensed licensing fees. Only transactions that have been approved by the estate’s legal counsel are beneficial to it. The family receives $25 to $30 million in royalties each year from the estate. In today’s money, Bob Marley would be worth at least $200 million.
Due to Rastafarian beliefs, Bob died without a will, which is unfortunate because Rastafarians believe that admitting one’s own death is a sign of weakness.
“intestate” death in Jamaica means that 10 percent of the deceased’s inheritance belongs to the surviving spouse. A widow’s share of the inheritance can grow to 55 percent over the course of her life if she manages to amass an additional 45 percent. The remaining funds are distributed evenly among any children who are still alive. And when Rita dies, the entire control is shared among his children who are still alive.
In Jamaica, after someone dies, an advertisement seeking heirs is required to be placed in the local newspaper. Hundreds of people claiming to be Marley’s offspring applied to this ad.
Rita Marley, Bob’s widow, faked his signature on a will reportedly before his death at the behest of some dubious advisors. The majority of his estate was given to her in this will. This started a 10-year court struggle that cost $6 million (almost half the value of the estate) in legal bills when a long-time business manager of Marley found it.
In the end, the Jamaican court ordered that Chris Blackwell, the owner of Bob Marley’s record label Island Music, retain control of Marley’s inheritance. Prior to his death in 2001, Blackwell’s estate was managed by Island Logic Ltd, which ceded full control to Rita Marley and his 11 acknowledged legitimate offspring.
Robert Nesta Marley was born on February 6, 1945, in Nine Mile, Saint Ann Parish, Jamaica, to 59-year-old Norval Sinclair Marley and 18-year-old Cedella Malcolm. A white Jamaican from Sussex, England, his father served in the Royal Marines and worked as a plantation manager.
After Norval’s death in 1955, Bob and Cedella moved to Trenchtown, where Bob had little contact with his father. Cedella had two half-brothers, Richard and Anthony when she married American government servant Edward Booker. Bob’s friend and future bandmate Bunny Wailer’s father, Thadeus Livingston, fathered Claudette, Marley’s half-sister via his mother’s connection with Livingston.
When they were in elementary and junior high school at Nine Mile’s Stepney Primary and Junior High School, Bob and Bunny were close friends from their youth. Bob and Bunny met Peter Tosh, Beverley Kelso, and Junior Braithwaite while living in Trenchtown and joined their voices in a vocal group. The trio was taught by Joe Higgs, a local musician who gave them vocal lessons and began teaching Marley how to play the guitar.
Forging a distinctive composition and vocal style that would appeal to audiences around the world, Marley began his music career in 1963 when he created The Wailers with Bunny Wailer, Peter Tosh, Junior Braithwaite, Beverley Kelso, and Cherry Smith.
Produced by Lee Scratch Perry, the Wailers put out some of the earliest reggae singles, with their single “Simmer Down” peaking at number one in Jamaica in February 1964.
“Exodus,” the album released by Marley in 1977, established him as one of the world’s best-selling artists with more than 75 million albums and singles sold globally following the disbandment of the original band in 1974.
With The Wailers, Marley released 13 studio albums and six live albums, including “Redemption Song,” “I Shot the Sheriff,” “No Woman, No Cry,” “Get Up, Stand Up,” and “One Love.” Marley’s greatest hits album, “Legend,” is the best-selling reggae record of all time, even though he was most recognized for reggae. His music also had elements of ska and rocksteady in it.
Bob married Rita Anderson in Kingston, Jamaica, on February 10th, 1966, and they have two children. He and Rita had four children together, and he also adopted two of Rita’s older children. Aside from his biological family, he fathered five other children by other women.
Grammy-winning reggae artists grew up to be Ziggy, Stephen, and Damian. A failed assassination attempt on Bob Marley’s life in 1976 left Rita, Don Taylor, and band member Louis Griffiths dead, forcing the singer to flee to London. Marley had lived most of his life in Jamaica.
Illness And Death
As a devout Rastafarian, Bob Marley’s music reflected his deep spirituality. As a member of the Tribe of Joseph, Marley is said to have been linked with the Twelve Tribes Mansion, which is a Rastafarian Mansion, and belonged to the Twelve Tribes Mansion (each of the twelve sects being composed of members born in a different month).
As a Rastafarian, Bob Marley was influenced by the conviction that Africans around the world should unite in support of Pan-Africanism. Bob was an outspoken advocate for legalizing marijuana. After converting from Catholicism to the Rastafari movement in 1966, he began smoking marijuana and was punished for it in London in 1968.
After being diagnosed with a malignant melanoma under his toenail in July 1977, Marley succumbed to the disease. Despite Marley’s doctor’s recommendation, Bob refused to amputate Marley’s toe because of his religious convictions and the possibility that doing so may impair his performance.
Skin from Marley’s leg was used to cover the region where the nail and nail bed had been removed. While on tour, he performed his final show in Pittsburgh on September 23, 1980. His illness had spread to his brain two days earlier when he fainted while jogging in Central Park and was diagnosed during a hospital visit.
Bob returned to Jamaica after trying an alternative cancer treatment at Josef Issels’ Bavarian facility. As his condition deteriorated, he was transferred to Cedars of Lebanon Hospital in Miami when his plane landed (now University of Miami Hospital). Marley passed away on May 11th, 1981, at the age of 36 years old.
His dying words to his son Ziggy were, “Money can’t purchase life.” Marley was laid to rest in a state burial in Jamaica, where he was awarded a special Order of Merit for his contribution to the country.
Time Magazine awarded “Exodus” its Album of the Century, and Marley was inducted into the Rock & Roll Hall Of Fame in 1994. With a star on the Hollywood Walk of Fame, a Grammy Lifetime Achievement Award, and a place among “Rolling Stone” magazine’s 100 greatest artists ever, Bob Marley was honored with a few honors over the years, including a star at the UK Music Hall of Fame in 2004. For the first time ever, Bob Marley’s former home at 56 Hope Road in Kingston, Jamaica, has been converted into a museum dedicated to the reggae legend.
Musician, singer, songwriter, and reggae artist Bob Marley was a Jamaican reggae musician and singer. In addition to being a pioneer of reggae music, he is also revered as a symbol of the Rastafari faith. More than 75 million copies of Bob Marley’s music have been sold around the world, making him one of the most successful performers of all time. This disease claimed his life at the age of 35 in 1981.
When Bob Marley Died
When he died of an acral lentiginous melanoma in 1981, the “Three Little Birds” singer was worth $11.5 million, according to Celebrity Net Worth. He was 36 years of age. In today’s dollars, his 1981 net worth is equivalent to $32 million.