It's been seven months since Liam Payne tragically passed away, and now the fate of his fortune has been decided.
Liam Payne died when he suffered a fatal fall from a hotel balcony in Buenos Aires last fall. At the time of his death, Liam had amassed a fortune of £28,595,000. This figure was reduced to £24,280,000 after expenses and debts were paid after his passing.
According to court documents seen by publications, Cheryl Tweedy, the mother of his eight-year-old son Bear, has been appointed as one of the administrators of his estate. Bear is set to be the beneficiary of the $24 million fortune. 'It is a small consolation that Bear will never want for anything, that he will at least benefit from that. Liam had some very sensible people around him for a time and he adored Bear so much. He always wanted to do the right thing by him financially,' a source close to Liam told Mail Online.
Now, lots of people are searching on Google for 'Cheryl Cole net worth' and 'Cheryl Tweedy Liam Payne' is a breakout search term under his name.
What is Cheryl Tweedy's net worth?
Cheryl Tweedy is worth $40 million, according to Celebrity Net Worth. Cheryl rose to fame as a member of Girls Aloud, but it's thought she started making big money after joining the X Factor judging panel in 2008. She also has a number of previous lucrative brand deals under her belt, such as L'Oreal and Coca-Cola, alongside a successful career as a solo artist.
Liam Payne died without a will, which means any children will inherit their estate if there's no living husband, wife or civil partner. Payne shares one child, Bear, with Cheryl, who is eight-years-old. This means it's likely that the £28 million fortune will be placed in a trust for Bear to access when he's older.
Currently, Cheryl and Richard Bray, a music industry lawyer, have been appointed co-administrators of the estate. This means they will manage the money, but they currently have limited authority and cannot distribute it.
When did Cheryl Tweedy date Liam Payne?
Liam and Cheryl started dating in 2016, although the pair first met on the X Factor in 2008. In 2017, the pair welcomed Bear together, but the couple sadly announced their breakup one year later in 2018.
'Cheryl and I are sad to announce that we are going our separate ways. It’s been a tough decision for us to make,' Payne wrote. 'We still have so much love for each other as a family. Bear is our world and we ask that you respect his privacy as we navigate our way through this together.'
After Payne’s death, Cole broke her silence on the loss with a post on Instagram. 'As I try to navigate this earth-shattering event and work through my own grief at this indescribably painful time, I’d like to kindly remind everyone that we have lost a human being,' she wrote alongside a picture of Liam and Bear. 'Liam was not only a pop star and celebrity, he was a son, a brother, an uncle, a dear friend and a father to our 7-year-old son. A son [who] now has to face the reality of never seeing his father again.' She added, 'Please give Liam the little dignity he has left in the wake of his death to rest in some peace at last.'