Lisa Marie Presley Net Worth: Everything you want to know About

Lisa Maire Presley 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 most well-known for being the only child and daughter of Elvis Presley. She is also well-known for having married Michael Jackson in the past and for having been a previous Scientology adherent. She inherited the Presley estate when she was 25 years old, and as a result, her net worth is negative.

Lisa Marie Presley Net Worth

Reason Behind the Lisa Marie Presley Current Net Worth

According to Forbes, Lisa Marie Presley holds her business manager Barry Siegel accountable for numerous poor economic decisions, including the aforementioned selling of Elvis’ estate in 2004 that ended up being a disaster. According to court documents obtained by The Daily Mail, she sued Siegel in 2018, alleging that he left her with only $14,000 to her name after paying himself $701,000 per year, barely enough money for a respectable used car, and most definitely not enough money to cover her extravagant living expenses.

The court documents stated that Siegel “repeatedly induced Lisa to believe she was in ‘excellent shape’ with her finances” and that it was at his urging that she invested in American Idol, which went bankrupt (per Hollywood Reporter). Lisa Marie was to responsible, according to Siegel’s countersuit, for blowing out her father’s riches through reckless spending. When Lisa Marie filed for divorce from her fourth husband, Michael Lockwood, also in 2018, the extent of her debt was made public. According to court documents, she had a stunning $500,000 in credit card debt and only had $-16 million in cash assets to her name (per People).

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Early Life and Career Growth

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.

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 following 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.

Relationships

Lisa Marie Presley Relationship

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 to 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.

Inheritance from Elvis

Lisa Marie Presley Inheritance from Elvis

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. In addition, Colonel Tom Parker, Elvis’ manager, essentially pocketed half of his client’s money, and plundered 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.

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