Lisa Marie Presley Net Worth: Lisa Marie Presley was born on February 1, 1968, and died on January 12, 2023. She was an American singer and songwriter. She was Elvis Presley and Priscilla Presley’s only child and the only heir to her father’s estate after her grandfather and great-grandmother died.
Presley built a career in the music business and released three albums: To Whom It May Concern in 2003, Now What in 2005, and Storm & Grace in 2012. Her first album got a Gold rating from the Recording Industry Association of America.
Presley also released singles that were not part of an album. These included duets with her father that used tracks that he had released before he died.
How Much Was Lisa Marie Presley Net Worth Before Her Death?
Lisa Marie Presley was an American singer and actress who died with a net worth of -$10 million. Lisa Marie Presley died tragically on January 12, 2023. She had a heart attack. She was 54 at the time. Lisa Marie was Elvis Presley’s only child.
She was a good singer and songwriter on her own, just like her father. She was also known for her marriages to Michael Jackson and Nicolas Cage and for having once been a member of the Church of Scientology.
You might be wondering how Lisa Marie could have had a negative net worth at the time of her death. Lisa says that she was in as much as $17 million worth of debt in the last few years. An ex-husband said that Lisa really had a lot more money and that she was using her debt as a way to get out of paying him a child and spousal support.
Here is a quick rundown of Lisa’s financial history from the time she was 9 years old until she died. Later in this article, we go into a lot more depth. Elvis died in 1977. He was 42 years old. He left his entire estate to Lisa Marie. At the time, she was only 9 years old.
Elvis wasn’t as rich as you might think. He spent a lot of money and let his longtime manager, Colonel Tom Parker, take advantage of him for years. Elvis was worth $5 million when he passed away. After paying estate taxes, debts, and other fees, Lisa was only left with $1 million.
In today’s money, that would be about $5 million. Lisa’s mother, Priscilla, ran the estate alone for the next 16 years, even though Lisa was only 9 years old at the time. Lisa got the whole estate on her 25th birthday in 1990.
Lisa inherited $100 million, which is about $220 million today, because of how smartly her mother handled money. Later in this article, we’ll talk about how Lisa eventually sued her former business manager, claiming that he wasted most of her huge fortune.
She said in a lawsuit that by 2015, the trust fund was only worth $14,000. The business manager said that Lisa Marie’s wasteful spending had put her estate $20 million in debt by 2003, which he then had to help her get out of. Due to COVID, her case against the former business manager was put on hold.
Several years ago, on Mother’s Day, my son and I got these matching tattoos on our feet. It’s a Celtic eternity knot. Symbolizing that we will be connected eternally. We carefully picked it to represent our eternal love and our eternal bond. 💔😞 pic.twitter.com/FJlJFPzS4W
— Lisa Marie Presley (@LisaPresley) July 12, 2022
During a 2018 divorce case, Lisa said that she owed $16 million. At the same time, Lisa’s ex-husband of 10 years, Michael Lockwood, said that Lisa got between $100,000 and $200,000 per month from the Elvis Presley Enterprises trust.
Lockwood also said that Lisa was lying about her real finances and that she still owned 15% of Elvis Presley Enterprises and controlled a very valuable trust that could be worth as much as $65 million.
The divorce was finalized in March 2021, but a year later, Lockwood asked the court for Lisa’s tax returns because he thought she had secretly received $3–4 million to write a book about her father and his relationship with Michael Jackson.
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Emma is a Master of Science candidate at the California Institute of Technology. Since approximately four years ago, she has been a freelance writer, producing content for newspapers, magazines, blogs, and the internet