Liam Payne, former One Direction star, tragically passed away at 31 after falling from a third-floor balcony in a Buenos Aires hotel. His sudden death has left fans and loved ones in mourning and it also brings attention to his impressive legacy, including his financial success and the homes he owned along the way.
Don't Miss:
- A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
- ‘Beating the market through ethical real estate investing' — this platform aims to give tenants equity in the homes they live in while scoring 17.38% average annual returns for investors – here’s how to join with just $100
At the time of his passing, Payne had a reported net worth of $70 million, largely amassed through his music career. In an interview with the Buenos Aires Herald, American tourist Michael Fleishmann shared that, just before his death, Payne had been overheard in a heated conversation at the CasaSur hotel lobby. Fleishmann recounted Payne saying, "I'll give you $20,000 just because I can. I have $55 million and I like to help people."
See Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
Beyond his wealth, Payne was also known for his charitable efforts. Just a month before his death, he encouraged fans to donate to children in need. "It doesn't matter how small or how big the donation is, all that matters is you looking in that child's eyes," Payne said in a Snapchat video, reflecting his desire to give back.
Before his untimely death, Payne was reportedly living in Florida with his girlfriend, Kate Cassidy. The couple rented a $1.73 million Spanish-style mansion for $9,500 a month. The home featured five bedrooms, six bathrooms and luxurious amenities like a saltwater pool, tennis courts and access to a nearby clubhouse. Their Florida residence was one of several properties Payne had owned throughout his life, including a Buckinghamshire home in the UK.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.
In 2021, Payne sold his Monte Nido mansion near Malibu for $10.16 million, a slight profit from the $10 million he paid in 2015. Despite its impressive features, including five bedrooms, a vineyard and a spa, the home took time to sell, partly due to Payne's claims that it was haunted. He once shared that his ex-girlfriend Cheryl Cole, pregnant at the time, refused to stay in the master bedroom after strange events, such as lights turning on and off in the middle of the night.
Bear Grey Payne, Liam's 7-year-old son with Cole, is expected to be the primary beneficiary of his father's estate. Even at such a young age, Bear stands to inherit a sizable fortune, which includes music royalties from Liam's time with One Direction as well as his solo career. Payne's wealth doesn't stop there – his earnings from high-profile brand partnerships, like his role as a global ambassador for Hugo Boss, also add to the overall estate.
Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!
In the months before his death, Liam had spoken proudly and lovingly of his son, describing him as “so big now” and looking like a “mini-me," according to People.
While Payne's death is a devastating loss, his legacy is marked by his success in music, notable real estate investments and charitable contributions. His life was a blend of stardom and generosity, leaving behind fond memories for those who knew him.
Read Next:
- This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.
- During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.