Michael Hutchence's missing millions: his daughter Tiger Lily stands to inherit NOTHING as no one knows where his money is saved
Since her father's death in 1997, Tiger Lily , 21, has stood to inherit quite a chunk of Michael Hutchence 's rock star earnings when she turns 25 in a few short years.
However, it's emerged that she may stand to see none of it, as the whereabouts of Michael's INXS fortune remains unclear.
After delicate details pertaining to the late rocker's fortune were uncovered as part of the Paradise Papers scandal , it emerged his tax lawyer Colin Diamond is the main controller of Michael's estate despite his claims the star died without a dime.
Tiger Lily stands to inherit nothing from her late-father's estate (Image: Daily Mirror)
In the INXS documentary The Last Rockstar , Diamond claims Michael blew “$1.10 on every dollar he made” by lavishing treats on his friends and living an opulent, rockstar lifestyle.
While his family were told when he died that any cash left in Hutchence's account was minimal - and had been swallowed up by a £295,000 Greenpeace donation ordered in his will.
However, seeing as the band's back-catalogue still contains classic tracks such as Never Tear Us Apart and Suicide Blonde, which remain popular with die-hard fans and new recruits, while being sampled by many modern recording artists - royalties should still be turning along nicely.
According to the Paradise documents, it's claimed Diamond set up a company on Mauritius in 2015 for the "commercial exploitation of the sound recordings, images, films and related materials embodying the performance of Michael Hutchence”.
Forming another company on the Virgin Islands separately and in control of the music rights, Chardonnay Investments, it sued the remaining members of INXS in 2010 for alleged underpayment of royalties earned after the singer committed suicide in Sydney 20 years ago.
While the various homes Michael was believed to own in London, France, Hong Kong, Indonesia and Australia were in fact owned by three companies named as Nexcess, Nextcircle and Leaguework, by Michael's sister Tina.
It's a tenuous situation, as Michael’s siblings Rhett and Tina have been fighting for parts of his fortune they believe should go to Tiger Lily - who was brought up by her mother Paula Yates' former husband Bob Geldof, after Paula died in 2000 - and themselves.
Speaking to the The Sun , Rhett said: "He opens an offshore account which benefits from Michael’s private thoughts, and personal belongings and music.
"Michael would be unnerved.”
According to Rhett, Michael wanted any money from his estate to be split with 50 per cent going to his daughter, then 10 per cent each to his father, mother, sister, brother and now-deceased partner Paula Yates - Tiger Lily's mother.
The Paradise Papers is a leak of more than 13 million documents and papers uncovering the tax havens of the rich and famous.
Australian investigative program Four Corners reported Tiger Lily has received some money from Diamond but "nothing like" what her father has once intended for her.
He revealed to the show that two days after Michael died in the Ritz Carlton in Sydney's Double Bay, he "posed as Michael's attorney" and "took hold of all of Michael's possessions" - only returning to the family "the belt he had used" to kill himself.
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