Coolio’s longtime manager has been appointed by a Las Vegas judge as special administrator of the late rapper’s estate.
The veteran hip-hop artist died without a will, leaving behind an estate of $300,000, which included all of his personal property and checking accounts, financial accounts, insurance policies and royalties. Hs music has an estimated value in future royalties of more than $6 million.
The Las Vegas judge signed off on a petition filed by Jarel Posey (also known as Jarez Posey), authorizing him to handle all financial matters and collect residuals, Radar reported this week.
Coolio’s Death
Coolio, 59, died at a friend’s home in Los Angeles on Sept. 28, 2022.
In April, the L.A. County Medical Examiner issued its report on his official cause of death. His death was ruled accidental. Coolio, whose real name was Artis Leon Ivey Jr., died from the effects of fentanyl, heroin and methamphetamine,
Throughout his career, Coolio, known for “Gangsta’s Paradise” and “Fantastic Voyage,” battled drug addictions.
The report also cited cardiomyopathy as a “significant condition.” According to the National Heart, Lung, and Blood Institute, cardiomyopathy is a type of cardiac disease in which the heart finds it hard to pump blood to the rest of the body. It can lead to heart failure and heart attacks.
Coolio’s Heirs
The Compton rapper is survived by his seven children, though some reports name 10. Court filings list seven.
His children were listed as next of kin and probate beneficiaries.
Why Was Coolio’s Manager Put in Charge?
Jarel seems to be the only party to have petitionEd to control the estate.
According to the filing, Jarel asked to be appointed as administrator of the estate to prevent “waste and/or loss of [Coolio’s] personal property. Specifically, the estate is believed to include personal property and demand deposit accounts, financial accounts, insurance policies and royalties, all of which need to be marshaled and protected on behalf of the estate.”
Before his death, the rapper was working on a studio album, which Coolio’s estate plans to release later this year.
