| Net Worth: | $10.0 Million |
|---|---|
| Age: | 55 |
| Born: | Feb 1, 1968 |
| Gender: | female |
| Height: | 5 ft 2 in (1.6 m) |
| Country of Origin: | United States of America |
| Source of Wealth: | Professional Singer |
| Last Updated: | 2023 |
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What was Lisa Marie Presley’s Net Worth?
Lisa Marie Presley, the daughter of Elvis Presley, was an American actress and singer. At the time of her death in January 2023, she had a net worth of -$10 million. Despite being the heir to Elvis’s estate, Lisa Marie faced financial struggles throughout her life.
Lisa Marie Presley’s Net Worth, Career, and Success Story (2023 Update)
Early Life
Lisa Marie Presley was born on February 1, 1968, in Memphis, Tennessee. After her parents’ divorce, she lived with her mother, Priscilla Presley. Growing up, Lisa Marie had a tumultuous childhood, witnessing her parents’ separation and her father’s struggles with drug use.
Career
Lisa Marie Presley pursued a career in music and released her debut album, “To Whom It May Concern,” in 2003. The album received positive reviews and debuted at the 5th spot on the Billboard 200 chart. She followed up with her second album, “Now What,” in 2005, which also achieved success.
In 2012, she released her third album, “Storm & Grace,” which received critical acclaim.
Throughout her career, Lisa Marie collaborated with various high-profile musicians and appeared in music videos for artists like Michael Jackson. She had a passion for music and writing poetry from a young age, and her talent and dedication led her to establish herself as a singer-songwriter.
Personal Life
Lisa Marie Presley was married four times throughout her life. Her first marriage was to Danny Keough in 1988, and they had two children together before divorcing in 1994. Tragically, their son Benjamin Keough died by suicide in 2020.
In 1994, Lisa Marie married the legendary musician Michael Jackson. Their marriage garnered significant media attention, but they ultimately divorced in 1996. She then became engaged to musician John Oszajca before marrying actor Nicolas Cage in 2002.
However, their marriage was short-lived, and they divorced later that year.
In 2006, Lisa Marie married guitarist and music producer Michael Lockwood. They had twin daughters together in 2008. However, their marriage ended in divorce in 2021, with Lisa Marie filing for sole custody of their children.
Lisa Marie’s Financial Struggles
Despite being the heir to Elvis Presley’s estate, Lisa Marie faced significant financial struggles throughout her life. Inherited wealth can come with its own challenges, and Lisa Marie’s net worth fluctuated over the years.
After Elvis’s death, Lisa Marie inherited his estate, which was initially worth $1 million. Through her mother’s financial management, the estate grew to $100 million by the time Lisa Marie turned 25. However, she faced issues with her business managers and alleged mismanagement of her finances, leading to a decline in her net worth.
In 2005, Lisa Marie sold 85% of Elvis Presley Enterprises for $100 million, but after taxes and fees, she netted around $40 million. Unfortunately, her financial situation worsened, and by 2015, she claimed to have only $14,000 left in her trust.
In 2017, Lisa Marie filed a lawsuit against her former business manager, Barry Siegel, accusing him of squandering her fortune. She claimed that her financial problems were a result of mismanagement and that she was unaware of the true condition of her estate.
Despite her financial struggles, Lisa Marie Presley continued to pursue her music career and remained dedicated to her craft. She faced personal and financial challenges throughout her life but left behind a legacy as the daughter of a music icon.
Summary
Lisa Marie Presley, the daughter of Elvis Presley, had a net worth of -$10 million at the time of her death. Despite inheriting a substantial fortune, she faced financial struggles throughout her life. Lisa Marie pursued a career in music and released three albums.
She was married four times and had children from her marriages. Despite her personal and financial challenges, Lisa Marie remained dedicated to her music career and left behind a lasting legacy.
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