Coolio left behind significant debt when he passed away, including over $140,000 owed to federal and state tax authorities, according to court documents obtained by BlkCosmo.
The estate for Coolio, born Artis Leon Ivey Jr., is being administered by Jarel Posey. According to probate filings, the estate currently holds $24,385.60 in liquid assets. That’s before obligations are settled.
Beyond the six-figure tax burden, Posey lists a $173,000 creditor claim filed by a woman named Randa Davis, plus approximately $1,400 in outstanding medical bills. It’s a sobering snapshot of what was left when the rapper passed in September 2022.
Coolio died on September 28, 2022, at age 59. He left behind seven children, and whether they receive anything from the estate remains unclear given the debt load and minimal liquid assets. It’s possible separate private trusts exist outside the probate process to provide for them, though that’s not confirmed in the public filings.
When authorities investigated his death, no drugs or paraphernalia were discovered at his residence, according to law enforcement.
The medical examiner determined that Coolio’s death resulted from combined effects of fentanyl, heroin, and methamphetamine. He was also dealing with underlying heart disease and asthma, which likely complicated his health overall.
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