Lisa Marie Presley’s net worth is $10 million dollars. Even though she is an excellent singer and songwriter in her own right, she is best known for being a legend’s daughter. She is Elvis Presley’s legendary daughter. She is also renowned for running afoul of the law. Three arrests have been made for her. For almost ten years, she has been in battle with the Internal Revenue Service.
She is, in fact, one of the few people with a negative net worth. She has a net worth of roughly $10 million. She was a long-time member of the Church of Scientology, which may not have been known to you, and controversy constantly accompanied her everywhere she went.
|Born||February 1, 1968 (age 54)|
Memphis, Tennessee, U.S.
|Spouse(s)||Danny Keough(m. 1988; div. 1994)Michael Jackson(m. 1994; div. 1996)Nicolas Cage(m. 2002; div. 2004)Michael Lockwood(m. 2006; div. 2021)|
|Children||4, including Riley Keough|
|Parent(s)||Elvis Presley Priscilla Presley|
|Net Worth||$10 Million|
Lisa Marie Presley was born on February 1, 1968, nine months to the day after her parents’ wedding, at Baptist Memorial Hospital-Memphis in downtown Memphis, Tennessee. She lived with her mother in Los Angeles, California, after her parents’ divorce, visiting her father frequently at Graceland in Memphis, Tennessee.
Nine-year-old Presley, her grandfather Vernon Presley, and her great-grandmother Minnie Mae Hood became co-heirs to her father’s wealth upon his death in August 1977.
She became the only successor and received Graceland after Vernon died in 1979 and Minnie Mae passed away in 1980. She received the inheritance when she turned 25 in 1993 when the estate’s estimated value had risen to $100 million. 85 percent of Presley’s father’s inheritance was sold in 2004.
She went to her first rock concert in the late 1970s, a year or two after her father passed away, to see Queen at The Forum in Inglewood, California. She emphasized her appreciation of theatrics and offered Freddie Mercury a scarf that belonged to her late father after the performance.
She was four years old when her parents separated. Lisa lost her father when she was nine years old. Her mother started dating actor Michael Edwards not long after the passing of her father. Between the ages of 12 and 15, Lisa Marie allegedly suffered sexual abuse at the hands of Edwards. Presley claimed in a 2003 interview with Playboy magazine that Edwards was improper with her and had a habit of breaking into her private space while inebriated.
Lisa Marie Presley’s Net Worth
She once had a relationship with Michael Jackson. The top American vocalist in the world, “Lisa Marie Presley,” has a net worth of $10 million. The most well-known American singer-songwriter Lisa Marie Presley believed that her net worth was somewhere between -$10 Million and $10 Million.
Her net worth is approximately $10 million, as we have already stated. It is difficult to tell you because of this. What qualities does she have? In the event that she files for bankruptcy and eliminates her negative net worth, we will update this article. For more news on celebs, please visit our website frequently.
Lisa Marie Presley’s musical career officially began with the 2003 publication of her debut album, To Whom It May Concern. The album was certified gold after making the Billboard list thanks to domestic sales. The album’s debut on the Billboard 200 list at position five was aided by favorable reviews.
However, she did do her first performance on the 20th anniversary of her father’s passing, singing Don’t Cry with him in the background. In 2005, Lisa Marie Presley’s “Now What” album, her second, was made available. The success of the album led to the publication of her third album, “Storm and Grace,” which turned out to be one of her best albums.
Lisa Marie Presley has collaborated with a variety of musicians, including Coldplay, Michael Buble, Pat Benatar, and Carly Simon.
Lisa Marie Presley Inherit
After the deaths of her father in 1977, Vernon in 1979, and Minnie Mae in 1980, she was left with Graceland as the lone heir. When she was 25 years old and got the inheritance, the money had grown to an estimated $100 million. Along with the National Bank of Commerce in Memphis and Joseph Hanks, the Presleys’ former accountant, Priscilla Presley was named as one of three trustees in his will.
Presley was more personally involved in the administration of the Elvis Presley Trust. She held these positions up until 2005, when she sold CKX, Inc., which held 85% of the estate’s corporate holdings, except Graceland.
At Graceland, Lisa debuted a brand-new exhibit in 2012. Presley and the Graceland Archives crew assembled 200 artifacts for the exhibition, Elvis…Through His Daughter’s Eyes. The presentation features a variety of items, including toys, heirlooms, and infrequently screened home footage.
She was given the name of a private aircraft that her father owned in 1975. He spent more than $1 million refurbishing it so he could use it as his main vehicle while on tour. The Hound Dog II and the Lisa Marie are two airplanes on exhibit at Graceland.
Elvis Presley passed away in 1977, leaving a burdened estate with only about $5 million in cash and a lot of debt. After determining that the estate’s tax statement undervalued its true value, the IRS levied an estate tax of $10 million on the estate of Elvis Presley.
The estate was unable to rely on royalties from those works since Colonel Tom Parker, Elvis’ contentious manager, arranged for the majority of his records to be sold to RCA for a pathetic price.
Thanks to Graceland’s profits, merchandise sales, endorsement deals, and royalties from songs released after the RCA deal, Priscilla and her co-executors made it possible for the Elvis Estate’s value to reach an estimated $100 million by 1993. Lisa was eligible to inherit the money directly from Elvis’s Last Will and Testament when she turned 25 that year.
Instead, she created her own trust and appointed extra people to be her wealth’s trustees. Ten years later, she appointed Barry Siegel, the business manager of the company, as a co-trustee.
When he first took office, less than two years ago, Siegel decided to sell just $40 million after taxes on 85% of the Trust’s interests in EPE. Between 2005 and 2015, the Trust’s assets essentially disappeared, leaving Lisa with a huge debt.
She contends in the action that Siegel and Provident misled her over the Trust’s actual financial status and gave her the Trust principle instead to use for excessive expenditures, including $39 million in just four years, from 2005 to 2008. According to Lisa, the Trust barely had $14,000 in cash on hand when Siegel was fired in 2015, and she was still responsible for thousands of dollars in unpaid taxes and other problems.
Lisa claims that if it weren’t for the disastrous EPE sale and investment into the American Idol holding company, she would have been worth at least $100 million. According to Lisa, she would not have allowed Siegel and Provident to charge fees that amounted to an average of more than $700,000 per year.
Lisa is complete responsibility for her inability to make ends meet, according to Siegel, who dismisses the claims. Regardless of his protests, Siegel was required to submit an accounting report for the Trust activity that was under his direction. The court case is still open.
Lisa has four marriages under her belt. Her marriage to musician Danny Keough, which lasted from 1988 until 1994, gave birth to Riley Keough and Benjamin Storm Keough, both of whom took their own lives in 2020.
When Lisa was seven years old, she first encountered artist Michael Jackson while seeing several of his performances in Las Vegas. After divorcing Keough for twenty days, she wed Jackson. Jackson became reliant on her as word of the claims of child abuse spread, and she began to worry about his failing health and drug use.
She soon made an effort to persuade Jackson to settle the charges amicably and seek medical attention for his recovery. She requested a divorce in 1996, according to court records, alleging irreconcilable differences.
When she was still engaged to musician John Oszajca in 2000, she met Cage. She made hasty plans to break off her engagement to Oszajca so she could date Cage. The couple quickly got hitched in Hawaii, but 108 days later they divorced.
In 2006, Lisa wed musician, producer, and director Michael Lockwood for the fourth time; the couple separated in 2016. Harper and Finley were their fraternal twins.