Most of the money is said to have been spent on settling various lawsuits
Courtney Love, widow of the late Nirvana singer Kurt Cobain, has admitted that she blew upwards of $27 million (£16 million) of “Nirvana money” following Cobain’s suicide in 1994.
Speaking to Australian magazine supplement Sunday Style, Love admitted that she had spent the large sum of money on settling various lawsuits. “‘I lost about $27 million — I know that’s a lifetime of money to most people, but I’m a big girl, it’s rock ‘n’ roll, it’s Nirvana money, I had to let it go,” she said.
When asked about her current financial state, she added, “I make enough to live on, I’m financially solvent, I focus on what I make now.”
Love then went on to talk about various court cases she’s been involved in, explaining that she is still fighting libel cases.
Earlier this year, Love won a libel case after a tweet she posted regarding her former lawyer Rhonda Holmes was found to be not defamatory. The tweet in question accused Holmes of being “bought off” in a fraud case against those handling the estate of the late Cobain, but was deemed acceptable by judges after an eight-day case ruled that Love did not actively seek to promote false information.
Last month, Courtney Love revealed that production on the biopic of the Nirvana singer would begin “in the next 12 months”. Despite stating that she would not be involved in the casting of the film, the former Hole frontwoman did confirm her involvement in the release, stating “I do have a say in it. So do Frances, and Krist (Novoselic) and Dave (Grohl), for that matter, if it touches on Nirvana — and it will. I am leading the charge because it’s time to do this.”