Lisa Marie Presley
After her untimelypassing, take a look at the net worth Lisa Marie Presley leaves behind
Lisa Marie Presley sadly passed away at the age of 54 in Calabasas County, California. She was rushed to the hospital during the early hours of the day and sadly didn’t survive a devastating cardiac arrest. The daughter of Elvis Presley was also a recording artist like her father, although not nearly as impactful as the king. Regardless, Lisa Marie did make a career for herself and got an important level of success in the world of country music. But she mostly relied on the inheritance left by Elvis Presley, her father and a music icon. When she was 25 years old, Lisa got her inheritance in 1994.
When she received her inheritance in 1994, Lisa Marie Presley had $295 million in net-worth but her bad spending habits completely blew the entire fortune. Lisa Marie decided to allow Barry Seigel to handle all the funds, which were mostly sold in 2005 as Elvis Presley Enterprises. Exactly 85% of Elvis’ image rights were sold and this left Lisa Marie with about $40 million after taxes. Unfortunately, she lost all that inheritance between 2005 and 2015. Lisa also included $25 million worth of stock in the future holding company of American Idol.
So after all this trouble, how much was Lisa Marie Presley worth at the time of her death at 54 years old? Well, that’s difficult to say but we do have an account from her ex-husband and musician Michael Lockwood. In court documents from Lisa Marie’s divorce proceedings with the musician, he revealed that Elvis‘ daughter was actually $16 million in debt frmo which $10 million were related to unpaid taxes.
Something terribly wrong took place between the Presley family and their agents, this also happened to Elvis Presley as he allowed other people to manage him completely. Lisa Marie is no different as she filed a lawsuit against former agent Barry Siegel, whom she fired in 2015. This 2017 lawsuit presented by Lisa alleges Barry squandered $100 million from her estate and left her in massive debt. The lawsuit was suspended due to the Covid-19 pandemic and hasn’t been resolved yet.
Source Credit: https://www.marca.com/en/lifestyle/celebrity-net-worth/2023/01/13/63c0c67f22601d6d028b4585.html
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