Lisa Marie Presley Net Worth
$16 Million
| Name | Lisa Marie Presley |
| Date of Birth | February 1, 1968 |
| Age | 54 years old |
| Height | 5 ft 2 inch (1.6m) |
| Profession |
Singer
|
| Nationality | American |
| Religion | Scientologist |
| Net Worth | $16 million |
Lisa Marie Presley Introduction
Lisa Marie Presley is a vocalist from the United States. She is the only heir to her father’s inheritance and the only daughter of the musician as well as actor Elvis Presley as well as actress Priscilla Presley.
Lisa Marie Presley Early Life
Lisa Marie Presley was born in 1968 on the 1st, of February in Memphis, Tennessee, the U.S. She resided with her mother in Los Angeles, California, after her parents split, with periodic visits from her father at Graceland in Memphis, Tennessee.
When her father passed away in August 1977, Presley, then nine years old, became heir to his fortune together with her grandparents, Vernon Presley, as well as great-grandmother, Minnie Mae Hood Presley. She became the only heir and acquired Graceland after Vernon died in 1979 and Minnie Mae died in 1980. She received the inheritance on her 25th birthday in 1993, when it had risen to approximately $100 million. Presley sold 85% of her father’s assets in 2004.
In the late 1970s, a year or two after her father’s death, she watched Queen at The Forum in Inglewood, California, for her first rock concert. After the event, she offered Freddie Mercury a scarf from her father and conveyed her admiration of theatrics.
When she was four years old, her parents split. When Lisa’s father died, she was nine years old. Her mother began dating actor Michael Edwards shortly after her father died. Edwards allegedly sexually molested Lisa Marie while she was between the ages of 12 and 15. In a 2003 appearance with Playboy magazine, Presley stated that Edwards made a habit of invading her personal room while inebriated and was improper with her.
Lisa Marie Presley Personal Life
Lisa Marie Presley wedded Danny Keough in 1988. They divorced in 1994 after having two children. Benjamin, their 27-year-old son, committed suicide in 2020. Presley wedded Michael Jackson shortly after divorcing Keough.
Despite assisting Jackson with a lot of personal concerns, she declared her divorce in 1996. Lisa later became engaged to a singer called John Oszajca before divorcing him to meet Nicholas Cage. Cage and Presley wedded in 2002 and separated the following year.
She wedded Michael Lockwood in 2006 as well as gave birth to twins in 2008. She filed for divorce as well as sole custody of the children in 2016, alleging she found child pornography on Lockwood’s computer.
Lisa Marie Presley Age, Height, & Weight
Being born in 1968, on the 1st, of February “Lisa Marie Presley” age is 54 years old as of today date and her height is 5 feet 2 inches tall, (1.6 m), and her weight is 55 kilograms and (121 lbs) in pounds as of 2022.
Lisa Marie Presley Career
Lisa-Marie sang for the first time on the 20th anniversary of Elvis Presley’s death. On her father’s song ‘Don’t Cry Daddy,’ she combined her vocals with his.
Presley released her debut album, ‘The Whom It May Concern,’ in 2003. The album garnered positive reviews as well as debuted at number five on the Billboard 200 list. She started working on her second album soon after releasing her first. ‘Now What,’ her second album, was released in 2005.
‘Storm & Grace,’ her following album, was released a few years later. This record turned out to be one of her finest, selling over 9000 copies in its first week. The album has 11 tracks and debuted at number 21 on the Billboard Rock chart in the United States.
Financial Problems
Lisa Marie Presley had dismissed Barry Siegel by 2015. She sued her previous business manager two years later for allegedly wasting $100 million of her riches and leaving her bankrupt. She claimed that the EPE transaction was ill-advised and that he neglected to notify her of the real circumstances of the Presley estate.
In his defense, Barry Siegel claimed that Lisa Marie’s extravagant spending was the true cause of the estate’s significant losses. He also claimed to have had monthly business meetings with her, throughout which he discussed the evolving situation and continually warned her to keep her spending under control. Furthermore, Seigel claimed that Lisa’s extravagant spending left her property $20 million in debt by 2003, which he later refuted.
Lisa Marie responded by saying she had no knowledge about the situation of her estate and that if Seigel had informed her what was actually going on, she would have curbed her expenditures and instantly decreased his $700,000 pay. She said that if she had just had access to the estate’s revenue, she could have lived happily on $1.5 to $2.5 million each year. Due to Covid-19, the current legal dispute was put on pause in 2020.
Lisa Marie had $16 million in debt, according to court filings from her legal separation from Michael Lockwood in 2018. Unpaid taxes from 2012 to 2015 accounted for an estimated $10 million of the debt. The remainder of the debt was made up of credit card bills as well as unpaid attorney expenses. Lisa filed the application after her ex wanted $450,000 in legal expenses.
Lisa Marie Presley Net Worth
Elvis Presley may have been regarded as “The King,” but his daughter is not enjoying the life of a princess. Lisa Marie Presley’s approximated personal wealth is $16 million, which is close to bankruptcy, according to some resources.
Lisa Marie’s debt was made public when she filed for separation from her fourth husband, Michael Lockwood. According to court documents, she had a net worth of -$16 million, with total cash assets of less than $20,000 as well as a startling $500,000 in credit card debt.
The lone heir to Elvis Presley’s inheritance suffered a massive financial loss. She gave the Elvis Presley estate 85 percent of her rights, only to lose them altogether. She sued her business manager, Barry Siegel, in 2018 for making several disastrous business agreements.
She said Siegel paid himself $701,000 every year and left her with only $14,000, which was clearly insufficient to pay her extravagant living costs. Siegel counter-sued, claiming Lisa Marie was to fault for wasting her father’s money via excessive spending.
Conclusion
Lisa Marie Presley net worth has an approximate is estimated to be around $16 million as of 2022. Lisa Marie Presley is the iconic icon of Elvis Presley’s daughter.
She did, however, endure a difficult upbringing, having witnessed her parents’ divorce and drug usage.
She has focused on her music career throughout the years and has cooperated with a variety of performers. Presley has been active in a variety of charitable activities.