Report: Lou Reed Left $30 Million Fortune

By ABC News Radio

Timothy Greenfield-SandersLou Reed apparently left behind a fortune of around 30 million bucks, according to a report in the New York Post. According to the paper, Reed’s longtime manager Robert Gotterer notified Manhattan Surrogate’s Court last week that he has collected more than $20.3 million since being appointed last November to oversee the late musician estate.

Reid died last October of liver disease at the age of 71.

According to the newspaper, that $20.3 million in “money and other property” doesn’t include around $10 million in real estate, gifts, and other items Reed left to …read more