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Prince Reportedly Faced Extreme Money Problems Before His Untimely Passing

| Filed under: R.I.P.PrinceSad SadBusiness Blitz

Get details about Prince's supposed financial issues.

Prince may have had an estimated net worth of over $100 million, but it turns out the singer struggled with money issues before he tragically passed away.

This could explain why his memorial service was so inexpensive.

Sources who advised the music icon are revealing that the late legend almost always turned down offers to sell or license his music catalogue for things like TV, commercials, and movies, which is how singers consistently make money.

Video: Watch Saturday Night Live's Touching Tribute To Prince

So, the insiders explained that the way the artist earned his dough was through concerts, but they admitted that he was very impulsive when it came to scheduling shows, and would often put on performances spur of the moment.

Apparently, there were enough concerts that weren't super successful, and ultimately cost him a lot of cash.

But that's not all. Confidantes are also confessing that the hitmaker would tend to spend more than he had, and money had been an issue with him for years before his untimely death.

Less than a week before he died, the 57-year-old made an emergency landing due to a reported drug overdose, an according to audio from the plane, he was unresponsive while on the aircraft.

[Image via AP Images.]

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