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Author Behind the Scene: Bob Marley Geschrieben am: 14.05.2019 um 04:52

Premium User Lerato


Registriert seit: 08.05.2019
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Sunday Read| Bob Marley died in 1981 but earns $23m a year after a 3-decade legal battle over his estate

Reggae icon Robert Nesta Marley did not die a poor man and his family escaped destitution, thanks to the wealth he left behind from his years of musical dexterity which shot him to global acclaim as one of the best musicians of all time.

Born on this day, February 6, 1945, Bob Marley lived a humble life as he promoted freedom for poor and oppressed people, social equality, and justice. However, his death on May 11, 1981, from cancer was followed by decades of lawsuits over his estate which was reported to be worth about $30 million when he died.

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

His wife, Rita Marley, would have received 10% of his assets and would be entitled to another 45% throughout her life while his at least eleven children by seven different women would share the balance. This didn’t seem fair to some and it didn’t go down well.

Marley’s business attorney, David Steinberg, and an accountant, Marvin Zolt, convinced Rita to forge his name to a series of documents, and predate them to before he died. The plan was to transfer control of the large majority of Marley’s corporate holdings, along with much of his royalty rights and money, to her.

The scheme was uncovered by one of Marley’s former managers and it began a long series of legal battles which ended after the two accomplices were found guilty to fraud and other illegalities to the tune of $6 million.

Rita Marley also confessed and stated that she acted upon the advice of the attorney. She lost her administrative control of Bob Marley’s estate which she had since his death until 1986.

more information

official history site

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