Lisa Marie Presley Net Worth – Check Out How She Lost Her Fortune!

Lisa Marie Presley Net Worth

The only child of Pricilla and Elvis Presley, Lisa Marie Presley is an American singer and songwriter.

She has published three albums in total and gained notoriety via her work in the music industry. Nicolas Cage and Michael Jackson were two of Presley’s four spouses.

Elvis Presley became well-known and affluent because he was regarded as the “King of Rock and Roll” in his era. Elvis Presley, who was one of the wealthiest people in the music business, has just one child, Lisa Marie.

Because of this, Lisa Marie Presley’s net worth had to be enormous when she first used her entire inheritance.

The estimated value of Lisa Marie Presley’s net worth as of June 2022 is $-16 million.

Early Years

Lisa Marie Presley Net Worth

On February 1st, 1968, Lisa Marie Presley was born in Memphis, Tennessee. She moved in with her mother, Pricilla Presley, following the divorce of her parents.

She went to her first rock concert after Elvis Presley’s passing when she saw Queen in California. After the show, Lisa Marie presented Freddie Mercury a scarf that belonged to her late father.

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The wealth of Lisa Marie Presley

 

The estimated net worth of Lisa Marie Presley is $16 million. Lisa Marie is a talented singer-songwriter in her own right, yet she is most well-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 previous Scientology adherent.

Career

Lisa Marie Presley Net Worth

Lisa-Marie sang her debut song on the 20th anniversary of Elvis Presley’s passing. On her father’s song, “Don’t Cry Daddy,” she added her voice to his.

Presley released her debut album, “The Whom It May Concern,” in 2003. The album debuted on the Billboard 200 list in the fifth position after receiving excellent reviews.

She started working on her follow-up record as soon as her debut album was out. She released her second album, titled “Now What,” in 2005.

She released her next album, “Storm & Grace,” a few years later. This album ended up being one of her best albums, and it had a first-week sales total of over 9000 copies. There were 11 songs on the album, which made its US Billboard Rock chart debut at position 21.

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Relationships

Lisa Marie Presley Net Worth

Lisa Marie Presley wed Danny Keough in 1988. Before getting divorced in 1994, they had two kids. Benjamin, their 27-year-old son, committed suicide in 2020.

Presley swiftly wed Michael Jackson after divorcing Keough. She filed for divorce in 1996, despite the fact that she assisted Jackson with a variety of personal concerns.

Later, Lisa got married to Nicholas Cage after breaking off her engagement with John Oszajca, a musician. 2002 saw the marriage of Cage and Presley and their subsequent divorce.

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.

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Financial Issues with Lisa Marie

Barry Siegel had been sacked by Lisa Marie Presley by 2015. She sued her former business manager for allegedly blowing through $100 million of her riches and leaving her penniless two years later. She claimed that he neglected to tell her the truth about the Presley estate’s genuine state and that the EPE acquisition was ill-advised.

In his defense, Barry Siegel claimed that the estate’s large losses were caused by Lisa Marie’s extravagant spending habits. Additionally, he asserted that they had regular business meetings where he described the evolving circumstances and continuously urged her to watch her expenditures.

Furthermore, Seigel claimed that Lisa’s extravagant spending practices had really left her estate $20 million in debt by 2003, a claim that he later refuted.

In response, Lisa Marie said that she was unaware of the health of her estate and that if Seigel had told her the truth, she would have cut back on her expenditures and instantly lowered his $700,000 pay.

She contended that she could have lived happily on $1.5 to $2.5 million annually if she had been granted access to merely the estate’s income. Due to Covid-19, the continuing legal dispute was suspended in 2020.

2018 court records from Lisa Marie and Michael Lockwood’s divorce proceedings showed that she owed $16 million in debt. Estimated unpaid taxes from 2012 to 2015 accounted for $10 million of the debt.

Credit card debt and unpaid legal fees made up the remaining debt. After her ex sought $450,000 to pay for his own legal bills, Lisa submitted the paperwork.

Kimberly

Kimberly is a freelance writer with a love of writing and traveling. She has been writing for most of her life and has been published in various magazines and online publications. She writes about entertainment, technology, and lifestyle-related topics at Gadgetgrapevine.com. Kimberly is always looking for new writing opportunities and loves learning about new cultures and experiences.

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