Jamaica

Bob Marley died in 1981 but earns $23m a year after a 3-decade legal battle over his estate

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Bob Marley died in 1981 but earns $23m a year after a 3-decade legal battle over his estate

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

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

Chaos in the Absence of a Will

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. Instead, 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 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 before he died. The plan was to transfer control of most of Marley’s corporate holdings, along with much of his royalty rights and money, to her.

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The Legal Battles Begin

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

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

At the same time, other legal claims popped up from several children of Marley and their mothers; one from the Wailers, Marley’s eight bandmates at the time of his death; and another from Cayman Music, which claims to own some of Marley’s recordings.

Marley’s mother also moved to his $300,000 South Dade house in Miami in 1977, and Chris Blackwell, president of Island Records, Marley’s record label, wanted to include the property in an $8.2-million sale of Marley’s estate.

Blackwell would get royalty rights from Marley’s recordings, copyrights for his songs after 1976, and real estate, including South Dade house, if the deal sailed through. He expressed willingness to negotiate the sale of the home, but Bob Marley’s mother contested the deal. The legal battle ended after a decade, with both parties benefitting.

In another legal battle that ended in the early 90s, the Jamaican Supreme Court ruled that Rita Marley and Marley’s children had the exclusive right to use Marley’s name, likeness, and image for commercial purposes.

This ruling prompted another lawsuit in 2011 when Rita Marley and nine of Bob’s children sued his half-brother, Richard Booker, and two of his corporations. Booker used Marley’s name and image to market the annual 9 Mile Music Festival in Miami, and he owned a company that gives tours of the village where Marley was born and buried.

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He also trademarked the term “Mama Marley” for his line of fish products. Booker claimed that Bob Marley had permitted him to use the family name. After a year in court, the family reached a settlement agreement.

The Industrious Marley Family

As of 2018, Bob Marley is the fifth top-earning dead celebrity, according to Forbes. His estate, now named House of Marley, is managed by four of his children, Rohan Marley, the brand officer of the estate; Cedella; Stephen; and Ziggy, while the rest sit on a board and share the proceeds evenly.

According to Forbes, the proceeds derived from the sale of products in more than 48 countries, which included headphones, Marley Natural cannabis, smoking accessories, Get Together portable speakers (which logged $6 million in sales in 2016) and Smile Jamaica earphones ($8.1 million).

There are also Uplift earphones, Marley Coffee (managed by Rohan), and Marley Natural (managed by Cedella), which sells herb-related products such as smoked-glass water pipes. The Marley family has hired a team to help run House Marley and to deal with the unauthorized use of Bob’s name and likeness. Forbes estimates that unauthorized sales of Marley music and merchandise generate more than half a billion dollars annually, though the estate disputes this.

 

 

Source: Face2faceafrica.com

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