JIMI HENDRIX's Brother: $80 Million Estate Has Fallen Into Wrong Hands

July 12, 2004

Courttv.com reports that Jimi Hendrix's brother, Leon Hendrix, has teamed up with seven of the 11 beneficiaries of Jimi's multimillion-dollar estate to remove Jimi's stepsister Janie Hendrix as head of the estate on grounds that she used the inheritance as her own personal playground.

For example, Janie spent $3 million creating a record label for her husband and recording three of his gospel albums, Leon's suit alleges.

"I want Janie's credit card to be taken away," said attorney David Osgood, who is representing the seven beneficiaries. "Janie has spent money into oblivion. They will tell you that the income over the past few years earned them $47 million, but what they won't tell you is that they spent $48 million, which is a huge net operating loss."

The plaintiffs also assert she has done a terrible job managing the estate.

"They attempted to put out a fan magazine, but since it wasn't done correctly, no one bought it," Osgood said. "There was an unsuccessful Web site and a surplus amount of bonuses set to help Janie and her cohorts." Read more.

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