Sep 21, 2007 • 1 min read

CBGB owner left millions

Late CBGB owner Hilly Kristal left assets worth $3.7 million, according to the Village Voice, sparking family tensions over the inheritance.

It turns out that the late CBGB club owner Hilly Kristal was quite a bit better off than most people thought. According to Village Voice, Kristal, who died last month, has left assets worth $3.7 million, which is pretty impressive given many people thought the club owner was broke.

The fortune has led to tensions in the Kristal family, with accusations that daughter Lisa will unfairly benefit over her brother Dana and their mother Karen who, Dana claims, was persuaded to sign over her rights in the club three years ago when she was in no mental state to make any such decision. That means that Kate looks set to benefit from the bulk of her father's fortune, while Hilly's ex-wife Karen, very much involved in the building of the CBGB empire, could end up with nothing.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to CMU | the music business explained.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.
Privacy Policy