The Shmooze

Lou Reed Leaves $15M to Wife and Sister

By Reuters

  • Print
  • Share Share

Rocker Lou Reed, the frontman of the 1960s band The Velvet Underground who died last week, left his estate to his wife and his sister, according to a will filled in a New York court.

The performer, whose solo songs include “Walk on the Wild Side” and “Perfect Day,” died of liver disease at the age of 71. He underwent a liver transplant in April.

Reed’s wife, performance artist Laurie Anderson, will receive most of the estimated $15 million estate, including their New York apartment, a home in East Hampton, New York, and all the singer’s personal property.

Reed and Anderson married in 2008.

“The bulk of his estate is in trust for his wife, 75 percent. The other 25 percent is in trust for his sister,” said Reed’s lawyer, James Purdy.

Reed’s sister also received a $500,000 bequest. Reed said in the will, filed on Monday, that he hoped she would use a portion of the money to care for their elderly mother.

Brooklyn-born Reed formed The Velvet Underground with musician John Cale as an experiment in avant-garde rock and was managed early on by pop artist Andy Warhol.

Reed has been widely credited with expanding the lexicon of rock music with provocative lyrics that chronicled androgyny, illicit sex and drug abuse.

The band heavily influenced rock music in the 1960s and 1970s and was an inspiration for punk art.


Permalink | | Share | Email | Print | Filed under: velvet Underground, philadelphia, lou reed, laurie anderson, will

The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.




Find us on Facebook!
  • Mazel tov to Idina Menzel on making Variety "Power of Women" cover! http://jd.fo/f3Mms
  • "How much should I expect him and/or ask him to participate? Is it enough to have one parent reciting the prayers and observing the holidays?" What do you think?
  • New York and Montreal have been at odds for far too long. Stop the bagel wars, sign our bagel peace treaty!
  • Really, can you blame them?
  • “How I Stopped Hating Women of the Wall and Started Talking to My Mother.” Will you see it?
  • Taglit-Birthright Israel is redefining who they consider "Jewish" after a 17% drop in registration from 2011-2013. Is the "propaganda tag" keeping young people away?
  • Happy birthday William Shakespeare! Turns out, the Bard knew quite a bit about Jews.
  • Would you get to know racists on a first-name basis if you thought it might help you prevent them from going on rampages, like the recent shooting in Kansas City?
  • "You wouldn’t send someone for a math test without teaching them math." Why is sex ed still so taboo among religious Jews?
  • Russia's playing the "Jew card"...again.
  • "Israel should deal with this discrimination against Americans on its own merits... not simply as a bargaining chip for easy entry to the U.S." Do you agree?
  • For Moroccan Jews, the end of Passover means Mimouna. Terbhou ou Tse'dou! (good luck) How do you celebrate?
  • Calling all Marx Brothers fans!
  • What's it like to run the Palestine International Marathon as a Jew?
  • Does Israel have a racism problem?
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.