Lisa Marie Presley Net Worth: How Much She is Wealthy?
Singer-songwriter Lisa Marie Presley is from the United States. She is the only child and sole heir to her father’s inheritance of singer and actor Elvis Presley and actress Priscilla Presley. Three albums by Presley have been released: To Whom It May Concern in 2003, Now What in 2005, and Storm & Grace in 2012. Presley has established a career in the music industry. According to the Recording Industry Association of America, her debut album was awarded Gold certification. In addition to album singles, Presley has also performed duets with her father using songs he had already made available before his passing.
Michael Jackson, Danny Keough, Nicolas Cage, Michael Lockwood, and Nicolas Presley are all former spouses of Presley.
|Net Worth:||$16 Million|
|Date of Birth:||Feb 1, 1968 (54 years old)|
|Height:||5 ft 2 in (1.6 m)|
|Nationality:||United States of America|
On February 1st, 1968, Lisa Marie Presley was born in Memphis, Tennessee. Lisa moved in with her mother following Priscilla Presley and Elvis Presley’s divorce.
Nine-year-old Presley, Vernon Presley, and Minnie Mae Hood Presley all shared joint heirship of their father’s estate after his passing in August 1977. She became the sole successor and received Graceland following the deaths of Vernon in 1979 and Minnie Mae in 1980. She received the estate, which had increased to an estimated $100 million, on her 25th birthday in 1993. Presley disposed about 85% of her father’s estate in 2004.
She watched Queen at The Forum in Inglewood, California, in the late 1970s, maybe a year or two after the passing of her father, and it was her first time seeing a rock show. After the performance, she gave Freddie Mercury a scarf belonging to her late father and showed her love of theatre.
What is Lisa Marie Presley’s Net Worth?
The American actress and singer Lisa Marie Presley has a -$16 million net worth. Lisa Marie is a talented singer-songwriter in her own right, yet she is arguably best known for being the only child and daughter of Elvis Presley. She inherited the Presley estate when she was 25 years old, and as a result, her net worth is negative. Later in this article, we’ll go into more detail on these monetary problems.
She is also well-known for having married Michael Jackson in the past and for having been a former Scientology adherent.
“To Whom It May Concern,” Lisa Marie Presley’s debut album, was released in 2003. In 2005, she released “Now What” as a follow-up. Her second album performed well on the charts, just like her initial record. “Storm & Grace,” her third album, was released in 2012. Presley has worked with a number of well-known musicians outside of her solo career, including Kylie Minogue, Michael Buble, and Coldplay. She has also appeared in music videos for songs performed by Michael Jackson and other artists.
Lisa Marie Presley wed Danny Keough in 1988. They got divorced in 1994 and had two kids. Benjamin, their 27-year-old son, committed suicide in 2020. Presley quickly married Michael Jackson after divorcing Keough. Despite the fact that she assisted Jackson in resolving some personal matters, she filed for divorce in 1996. Later, Lisa got married to Nicholas Cage after breaking off her engagement to John Oszajca, a musician. After getting hitched in 2002, Cage and Presley split.
She wed Michael Lockwood in 2006, and the following year, in 2008, she gave birth to twins. She claimed that child pornography had been found on Lockwood’s computer when she filed for divorce and sole custody of the kids in 2016.
When Lisa’s father passed away, she was 9 years old. Elvis was known for his extravagant spending throughout his existence and had no regard for personal responsibility. That being said, Colonel Tom Parker, Elvis’ manager, essentially took half of his client’s earnings, and thus completely robbed the Rock ‘N Roll legend. Elvis’ estate was valued at $5 million at the time of his passing, which is equal to $14 million in modern currency.
The sole executor of his inheritance, which was to be given to Lisa, was his wife Priscilla (also Lisa’s mother). Lisa Marie was only nine years old at the time, though. After deducting all costs and fees, Priscilla discovered that Lisa’s inheritance had been reduced to just $1 million. As a result, she set out to rebuild the estate and address its dire situation. She made the creative decision to convert Graceland (Elvis’ home) into a museum, and four days after it opened, she had settled all outstanding debts and expenses. At the age of 25, Lisa received her father’s wealth, which was then valued at $100 million ($295 million in today’s dollars).
She decided to create a revocable living trust and name Barry Seigel as the trustee instead of inheriting the money outright. Seigel made the decision to sell 85% of Elvis Presley Enterprises (EPE), the company in charge of all of Elvis’ image rights and royalties, in February 2005. Despite EPE having a $100 million market value, Lisa Marie only received $40 million after taxes from Seigel’s deal. However, the deal also included $25 million worth of stock in American Idol’s future holding company, so it wasn’t all bad.