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Stephen Gately Leaves Husband Less Than $2 Million

May 28, 2010, 3:42 am GMT

Previously thought to worth $15 million in assets, the late singer turns out to have $4.9 million only which will be cut further for tax and debt.

Stephen Gately, Boyzone

Late Boyzone singer Stephen Gately's husband is to receive almost $1.5 million from the star's estate, according to reports. The 33 year old was found dead in October at the home he shared with partner Andrew Cowles in Majorca, Spain.

Gately did not leave a will, but the details of his wealth have now been revealed - the Irish singer had amassed a $4.9 million fortune, according to the U.K.'s Probate Registry. The star owed $3 million in debts and taxes, leaving just under $2.3 million. Cowles will reportedly be handed $675,000 in cash, as well as half of the rest of Gately's estate - which amounts to $779,865.

Cowles, who wed Gately in a civil partnership ceremony in 2006, is reportedly planning to hand the $779,865 to the singer's parents. Following Gately's death, the star's assets were thought to be worth $15 million.

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