Who knew a “Walk on the Wild Side” could pay off so handsomely?
Late rock legend Lou Reed left behind a $30 million fortune, The Post has learned.
Robert Gotterer, the Velvet Underground frontman’s longtime manager, reported to Manhattan Surrogate’s Court last week that he has collected $20,379,169 since being appointed to oversee Reed’s estate in November.
And the $20 million-plus in “money and other property” doesn’t include the approximately $10 million in gifts Reed left to his wife, sister and mother in his will.
It also doesn’t include life insurance or retirement accounts.
The funds are likely from Reed’s copyright and publishing interests, which, in his will, he instructed Gotterer to treat as his own.
Rolling Stone magazine included two of the “Sweet Jane” singer’s solo albums — “Transformer” and “Berlin” — on its list of the 500 greatest albums of all time.
“Transformer” includes the classic “Walk on the Wild Side.”
The pre-punk poet gave his $7 million West Village penthouse apartment, $1.5 million Hamptons pad and personal property — including jewelry, clothing, art, cars, boats and his touring company, Sister Ray Enterprises — to his wife, performance artist Laurie Anderson.
Reed also left $500,000 to his only sibling, Margaret Reed Weiner of Long Island, to care for their elderly mother.
Anderson, 67, is due $15 million from the money Gotterer collected, and Weiner will receive $5 million, according to the will.
Gotterer started working for Reed in 1970, the year his fourth and final album with the Velvet Underground, “Loaded,” was released.
The manager asked the court last week to award him and a co-executor $220,000 in fees.
Reed’s attorney, James Purdy, did not return calls seeking comment.
In a court filing, Purdy says the executors will submit a full inventory of the Brooklyn-born musician’s assets by January 2015.
Reed died on Oct. 27, 2013, of liver disease months after receiving a liver transplant. He was 71.
After his death, his music-publishing company was flooded with requests from TV producers and advertisers for his work.