To provide a detailed answer to the question of who got Biggie Smalls’ money, we need to understand the intricacies of his estate and the actions taken by his mother, Voletta Wallace, as the executrix. It’s important to note that I am an AI language model and do not have personal experiences or situations to share. However, I can provide information based on available sources.
Following Biggie Smalls’ tragic death in 1997, his mother, Voletta Wallace, took charge of his estate as the executrix. Her role involved managing and distributing his assets, including his music royalties, publishing rights, and other sources of income. Under her careful stewardship, the value of Biggie’s estate has significantly grown over the years.
At the time of his passing, Biggie Smalls’ estate was estimated to be worth $10 million. However, through astute management and strategic decision-making, Voletta Wallace has successfully grown the estate to an impressive $160 million as of 2021, according to Celebrity Net Worth. This remarkable increase in value is a testament to her efforts in preserving and maximizing Biggie’s legacy.
It’s important to note that the growth of Biggie’s estate is not solely attributed to Ms. Wallace’s management. The increase in value can be attributed to various factors, including the continued popularity and influence of Biggie’s music, the licensing and usage of his songs in movies, commercials, and other media, and the ongoing demand for merchandise and memorabilia related to the late rapper.
Additionally, Ms. Wallace has been involved in various legal battles and negotiations to protect and monetize her son’s legacy. She has worked closely with record labels, music publishers, and other industry professionals to ensure that Biggie’s estate receives its fair share of revenue from his music and associated ventures.
It’s worth mentioning that while Voletta Wallace has been instrumental in growing and managing Biggie’s estate, she is not the sole beneficiary of his wealth. As his mother and legal representative, she has likely taken steps to ensure that Biggie’s children and other family members are provided for. The specifics of the estate’s distribution, including any trusts or provisions made for his heirs, are not publicly disclosed.
The growth of Biggie Smalls’ estate from $10 million to $160 million is a testament to the careful management and business acumen of his mother, Voletta Wallace. Through her efforts, the estate has been able to capitalize on the enduring popularity of Biggie’s music and his legacy. While the specific beneficiaries of his wealth are not publicly known, it is likely that provisions have been made to provide for his children and other family members.