What Happened To Peaches Geldof's Money When She Died?
As the daughter of famed musician Bob Geldof and TV presenter Paula Yates, Peaches Geldof was perhaps destined to be in the limelight (via The Mirror). According to AmoMama, her brief life, however, was anything but stable. After her parents' nasty divorce and ensuing custody battle, Geldof's mother died due to an accidental heroin overdose in 2000 (per The Guardian). Only 11 at the time of Yates' death, The News Daily writes that she reportedly used drugs and partying in her teens as a way to cope. Eventually, Geldof was able to make a name for herself as a journalist and model (via The Sun).
In 2012, she married Thomas Cohen and had two sons within two years. Geldof subsequently became a devoted mother and mommy blogger. Although social media painted her life as rose-colored, unbeknownst to the public, The Independent states that Geldof was actually suffering from heroin addiction. On April 7, 2014, Cohen found his wife's dead body at their English countryside home. Geldof was only 25 years old.
If you or anyone you know is struggling with addiction issues, help is available. Visit the Substance Abuse and Mental Health Services Administration website or contact SAMHSA's National Helpline at 1-800-662-HELP (4357).
Peaches Geldof's massive debt
According to The Independent, an inquest found Peaches Geldof's death was the result of a heroin overdose. She had eerily died in the same manner as her mother had over a decade earlier. Despite this, The Mirror writes that her death was ruled as "unintentional." Geldof had tried to get clean but, for one reason or another, had relapsed. Her husband, Cohen, later stated that he was "not surprised" at finding her lifeless body (via The Sun). Geldof was survived by Cohen and her then two toddler sons, Astala and Phaedra (per AmoMama).
Per a different article from The Independent, she did not have a will at the time of her death. The Daily Mail reports that Geldof's estate was worth £884,274 (a bit over $1 million). However, she had also accumulated a debt of £450,000 (over $600,000). After settling those debts, her estate was reduced to £394,630 or around half a million dollars. As Geldof's husband, Cohen got the first £250,000 (nearly $334,000) by British law (via News.com.au). That left her two sons with £72,315, or over $96,000 each.
If you or anyone you know is struggling with addiction issues, help is available. Visit the Substance Abuse and Mental Health Services Administration website or contact SAMHSA's National Helpline at 1-800-662-HELP (4357).