Lisa Marie Presley Net Worth

The only remaining heir to the Elvis Presley estate is Lisa Marie Presley. Lisa Marie Presley was raised in a privileged home when she was a child. Lisa developed a love of music, just like her father, Elvis Presley, and decided to pursue her goals. 

It is accurate to state that her best-selling albums and other singles contributed to her financial success. She must have led a lavish life thanks to the fortune Lisa Marie inherited from her father, Elvis Presley. However, most of her followers are shocked by Lisa Marie Presley’s net worth in 2022.

What Is Lisa Marie Presley Net Worth?

Lisa Marie Presley’s net worth is -$16 million net worth as of 2022. Although she earned money from her career, even married Michael Jackson and received the Graceland estate from the King of Rock ‘n’ Roll, she is now in debt. Where did all her money go?

Nearly all the funds were squandered between 2005 and 2015, leaving Lisa Marie Presley in severe debt. When Siegel was fired in 2015, only $14,000 was left in her trust. Where did it all go then? Lisa Marie Presley filed a lawsuit against Siegel in 2018. She claimed that he wasted her wealth “through his reckless and negligent mismanagement and self-serving ambition” and invested her money “in risky ventures in hopes of attaining his celebrity in the entertainment industry.” 

The lawsuit claims that Siegel misled Lisa Presley about the trust estate while disbursing money to support her “exorbitant spending,” which included withdrawals totaling US$39 million between 2005 and 2008.

Who Is Lisa Marie Presley?

After her father, Elvis Presley, passed away in August 1977, Lisa Marie Presley, then nine, her grandfather Vernon Presley, and her great-grandmother Minnie Mae Hood shared the inheritance. 

After Vernon died in 1979 and Minnie died in 1980, she was the lone heir and acquired Graceland. She got the inheritance in 1993 when she turned 25, and the estimated estate worth had increased to $100 million. In 2004, 85% of Presley’s father’s fortune was liquidated.

To Who It May Concern was Lisa Marie Presley’s first 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.

She made her stage debut on the 20th anniversary of her father’s passing 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.

Personal Life

Presley dropped out of high school as a junior and started taking illegal substances. Lisa Presley was admitted to the Celebrity Center of Scientology when she was 17. Lisa Marie Presley met rock and roll musician Danny Keough while working at this facility.

Lisa Marie Presley’s first union with musician Danny Keough was married for six years. They had a daughter, Riley Keough, and a son, Benjamin Keough.

The most well-known marriage was Lisa Marie’s marriage to Michael Jackson. They were married as accusations against the King of Pop were growing like mushrooms. His primary source of emotional support became Lisa Marie. Their union did not, however, last, as they divorced two years later. 

She married to actor Nicholas Cage. It was barely two years, just like her marriage to Michael Jackson.

Lisa Marie’s fourth marriage lasted the longest. She wed musician Michael Lockwood in 2006. However, the union was annulled after an endless legal battle.

The pair share two children, Harper Vivienne Ann Lockwood and Finley Aaron Love Lockwood. 

How Lisa Marie Presley Made Her Money?

Lisa Marie’s singing career probably contributed the most to her fortune. Still, at age 25, after the passing of her father and grandmother, she became the only heir to the estate of Graceland, Tennessee, which is currently estimated to be worth $100 million.

Interesting Facts About Lisa Marie Presley

• Lisa Presley has been married four times in her 52 years on the planet. She married Danny Keough, her first husband, in 1988; they divorced in 1994.
• The World Literacy Crusade gave her the Humanitarian Award in 2002 for her exceptional work in assisting children in bettering their lives and acquiring crucial study skills.
• Graceland, the mansion in Memphis where her father lived. Today, it is a popular tourist destination managed by Elvis Presley Enterprises, a corporate entity created by “The Elvis Presley Trust”.
• Following the comments suggesting she was “piling on the pounds” in the Daily Mail in Britain, it was disclosed in March 2008 that Lisa Marie Presley was suing the publication. According to Lisa Marie Presley, she was compelled to declare her pregnancy due to the reports.
• When Johnny Ramone, one of Lisa Marie Presley’s closest friends, passed away from cancer, she was distraught. She spent his last days by his side and wrote the song “When You Go,”, especially for him. 
• Karate black belt Lisa Marie Presley studies with Billy Blanks, a personal trainer and Tae-Bo expert.
• In 2005, the U.S. Billboard chart for her second album, Now What, peaked at nine.

Conclusion 

You would expect Lisa Marie Presley to be wealthy, given that she is the only child of Elvis Presley’s estate. Contrary to popular belief, she has a net worth of -$16 million, which means she owes $16 million in debt despite having sold 85 percent of her father’s estate for $100 million. But given that she has a reputation for extravagant spending, this shouldn’t come as a surprise. 

Lisa Presley accused and sued Barry Siegel, her business manager, claiming that he made several questionable business decisions while giving her the impression that things were going well, which ultimately caused her to go bankrupt. 

According to reports, she only has $14,000 to her name, which is nothing for a woman of her taste.

Lisa Marie Presley FAQs