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Tiger Lily Hutchence’s mystery $50 million fortune

Michael Hutchence's reclusive daughter breaks her silence on her "inheritance."
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Her father was a rock icon, believed by many to be a multimillionaire, but INXS superstar Michael Hutchence‘s lookalike daughter Tiger Lily, who is now said to be living with her Aussie muso boyfriend Nicholas Allbrook (the frontman of psychadelic Australian rock band Pond) in Fremantle, Perth, has never seen a cent of her famous dad’s missing millions.

Tiger Lily, 23, was due to receive a share of the troubled musician’s fortune – estimated to be between $10 million to $50 million – when she turned 21 in 2017.

But whether such a huge fortune indeed exists has been a subject of conjecture for years, and no one has ever solved the mystery of what really happened to Michael’s money.

The man in charge of Michael’s accounts, tax lawyer Colin Diamond, claimed the rocker died penniless – having spent his wealth on partying, gifts and huge legal bills.

And decades after the legendary Australian performer was found dead in his hotel room in Sydney, aged just 37, Tiger Lily says she is yet to get a cent.

WATCH: Tiger Lily Hutchence makes her modelling debut. Post continues after video…

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“I’ve never received anything from anyone. I had a meeting once with an accountant that was so bad I didn’t want to do it again,” Tiger Lily told Richard Lowenstein, who directed the 2019 Michael Hutchence documentary Mystify.

Richard met with Tiger Lily to show her his movie, recalling how “everything she said and did” reminded him of her late father.

“We went to her flat to watch the documentary and it was like a little squat,” the Australian filmmaker revealed of her previous accommodation in London.

Tiger Lily was only 16 months old when her father passed away.

(Image: Getty Images)

Whether Tiger Lily – whose mum is Sir Bob Geldof‘s former partner, the late Paula Yates – will ever receive any royalties from her late father’s music or get her hands on the lost fortune remains unclear.

“Tiger was very emotionally brave to watch the documentary, she was obviously very young when her parents died,” Richard explained of the docco, which was first released at the Tribeca Film Festival in April 2019.

“She was very grown up about it. She said she’d been cut out of everything [to do with her father’s music] but wanted to do anything she could to help.”

It’s not the first time doubt has been cast on the suspicious dealings of Tiger Lily’s inheritance. In 2017, the explosive Paradise Papers leak shed further light on the situation.

According to the ABC’s Four Corners investigation, which was aired in November 2017, Tiger Lily had only received a fraction of her father’s money.

Rhett Hutchence doesn’t believe Diamond should be in control of Michael’s estate.

(Image: Channel 7)

Michael’s brother Rhett Hutchence explained to Four Corners that Diamond exploited his brother’s assets immediately after his death in Sydney in November, 1997.

“Two days after Michael died, Colin Diamond went into the Rose Bay Police Station, acting as Michael’s attorney, and took hold of all of Michael’s possessions that he had with him in Australia,” Rhett told the program.

“He kindly left the belt that Michael used [to kill himself] for my father to pick up. My father was — I mean, the whole family was completely shocked that he had actually taken all this stuff. That should have been part of the estate. It’s the family stuff.”

“I think it’s about time we had a platform and told what’s been going on, because it’s, it’s injustice, you know? What has happened is injustice,” Rhett concluded.

Four Corners also revealed Diamond set up a tax haven venture in Mauritius in 2015 under the name of Helipad Plain, with intention to cash in on the 20th anniversary of Michael Hutchence’s death in 2017.

In the leaked documents, Helipad Plain confirm their mission is the “commercial exploitation of the sound recordings, images, films and related materials embodying the performance of Michael Hutchence.”

Rhett alleged his late brother wanted his fortune to be divvied up among his loved ones, with 50% going to Tiger.

Four Corners also questioned how Diamond came to be the sole beneficiary of Michael’s estate and why he has held onto so many of his personal possessions, including his diary and guitar.

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