Monday, September 26, 2022
Home Net Worth Lisa Marie Presley Net Worth: Problem She Faced With Finances!

Lisa Marie Presley Net Worth: Problem She Faced With Finances!

The American singer and composer Lisa Marie Presley has a net worth of $16 million. She is well recognized for being Elvis Presley’s only child and sole heir to his $100 million estate.

She has established a career in the music industry and has published three albums. She first published To Whom It May Concern in 2003, followed by Now What in 2005.

She has worked with A-list celebrities including Kylie Minogue, Michael Buble, and Coldplay in addition to her solo endeavors. In addition, Lisa has written a book titled I’m Grateful to Be Alive to encourage individuals facing difficulties similar to her own. She has been married four times, the most notable being her nuptials to the late pop icon Michael Jackson.

Lisa Marie Presley Early Life:

At the Baptist Memorial Hospital-Memphis in downtown Memphis, Tennessee, Lisa Marie Presley was born on February 1, 1968, to Priscilla Presley and Elvis Presley. After her parents got divorced, she lived in Los Angeles, California, with her mother and frequently traveled to Graceland to see her father. His dad passed away in 1977.

Lisa Marie Presley Net Worth (3)

She attended her first rock performance, Queen, at The Forum in Inglewood, California. She eventually admitted to enjoying theatre. It is alleged that Michael Edwards, an actor her mother started dating after Elvis died, sexually molested Lisa while she was between the ages of 12 and 15.

As a junior in high school, she dropped out and began using medicines without a prescription. At the age of 17, Presley was accepted into the Celebrity Center of Scientology.

Lisa Marie Presley Career:

To Whom It May Concern was Lisa Marie Presley’s debut album, which she released in 2003, ushering in the start of her musical career. The album received a gold certification after making it onto the Billboard chart thanks to domestic sales. The album debuted at position five on the Billboard 200 list thanks to favorable reviews.

Lisa Marie Presley Net Worth (3)

On the 20th anniversary of her father’s passing, she did make her stage debut and sang Don’t Cry with him in the background. “Now What,” Lisa Marie Presley’s second album, was released in 2005. Due to the album’s success, her third album, “Storm and Grace,” which ended up being one of her best albums, was released in 2012.

Along with these artists, Lisa Marie Presley has collaborated with Carly Simon, Michael Buble, Coldplay, and Pat Benatar.

Lisa Marie Presley Faced Problems With Finances:

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 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.

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 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.

If not for the disastrous EPE sale and investment into the American Idol holding company, Lisa claims she would have been worth at least $100 million. According to Lisa, she would not have allowed Siegel and Provident to charge fees that were over $700,000 on average each year.

Asserting that Lisa is solely to blame for her inability to make ends meet, Siegel dismisses the claims. Siegel was required to submit an accounting report for the Trust activity that was under his direction notwithstanding his concerns. The court proceeding is still ongoing.

Lisa Marie Presley Relationships :

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.

Roman Atwood Net Worth (5)

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.

While still engaged to musician John Oszajca, she met Cage in 2000. She promptly called off her engagement to Oszajca so she could date Cage. The couple soon after getting married in Hawaii, but they divorced 108 days later.

Lisa tied the knot four times with musician, producer, and director Michael Lockwood until divorcing him in 2016. Harper and Finley, their fraternal twins, were born.

Lisa Marie Presley’s Net Worth:

The anticipated value of Lisa Marie Presley’s net worth in 2022 is -$16 million. She is the ex-wife of Michael Jackson, the best dancer in the country, and she received the majority of her wealth from her father. Lisa Marie inherited her father’s $100 million fortune when she was 25 years old.

She has performed blues, country, and folk music throughout her career. Additionally, Lisa Marie has occasionally worked as a songwriter.

She has been married four times, with her most notable marriage being to the late Michael Jackson. Her numerous legal and financial issues have a detrimental effect on her net worth.

Lisa Marie Presley: FAQs

Is Lisa Marie still compensated by Graceland?

According to Lockwood, Lisa Marie has finally been financially secure when Graceland reopened following the epidemic and taking into account her cut from the Elvis biopic, as reported by RadarOnline. She was required to “temporarily pay child support of US$4,500 until a trial later this year,” according to a judge’s June decision.

What does Lisa Marie make from Graceland?

An illustration of Lisa Marie Presley’s projected net worth in 2022
The following year, Lisa Marie made the decision to sell 85% of the company’s stock while maintaining 15%, which included the Graceland house and its belongings. She was relieved of her financial responsibilities to the estate and got $53 million in cash from the sale.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular