Lisa Marie Presley Net worth: Lisa Marie Presley was an actress and singer from the United States. Lisa Marie Presley, Elvis Presley’s only child, died of a heart attack on Thursday, January 12. This was confirmed by news reports.
Lisa Marie had trouble with money, Let’s find out how much money she had.
She was born on her very first day. 1968 in Memphis, Tennessee, when she was born She was named after her mother Priscilla Presley. She later changed her name. She started her music career pretty late when she was almost 40 years old.
Lisa Marie Presley Career
“To Whom It May Concern,” Lisa Marie Presley’s first album, came out in 2003. In 2005, she came out with “Now What?” as a follow-up. Like her first album, her second album did well on the charts. “Storm and Grace” was her third album, which came out in 2012.
Aside from her work as a solo artist, Presley has worked with well-known musicians like Kylie Minogue, Michael Buble, and Coldplay. She has also been in music videos for Michael Jackson’s and other artists’ songs.
Related Article: Who Was Lisa Marie Presley Married To? All About Her Husbands History!
How Much Was Lisa Marie Presley’s Inheritance Worth?
Lisa Marie Presley had a net worth of $295 million when she got her inheritance in 1994. However, her bad spending habits cost her the entire fortune. Lisa Marie decided to give Barry Seigel control of all the money, most of which was sold as Elvis Presley Enterprises in 2005.
Almost all of Elvis’ image rights were sold, and after taxes, Lisa Marie was left with about $40 million. She lost all of her inheritance, though, between 2005 and 2015. Lisa also gave $25 million worth of stock in the company that will hold American Idol in the future.
So, how much was Lisa Marie Presley worth when she died at 54 years old, after all this trouble? Well, that’s hard to say, but her ex-husband, the musician Michael Lockwood, told us what happened. In court documents from Lisa Marie’s divorce from the musician, he said that Elvis’s daughter owed $16 million, of which $10 million was due to unpaid taxes.
Lisa Marie Presley’s Legal Battle With Barry Siegel
Something very bad happened between the Presley family and their agents. The same thing happened to Elvis Presley when he gave up all control of his life to other people. Lisa Marie is no different. She sued her former agent, Barry Siegel, whom she fired in 2015.
Lisa filed this lawsuit against Barry in 2017, saying that he wasted $100 million from her estate and put her in a lot of debt. The lawsuit was put on hold because of the COVID-19 pandemic, and it’s still not over.
Docs reveals Lisa Marie Presley is $16 million in debt after her divorce https://t.co/Le2ztIMrmz pic.twitter.com/ry2CKjVk3U
— ET Canada (@ETCanada) February 17, 2018
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Lisa Marie bought two homes in Hidden Hills, California, in December 1993. This was only three years after she got her trust money. She spent $2.6 million on one piece of land and $625,000 on the other. On the 3+-acre property, there was a mansion that was 8,000 square feet.
In July 2010, Lisa put the house on the market for just under $7 million. In the end, she took $5 million from a doctor in November 2010. The Doctor then tore down Lisa’s house and built a huge 15,000-square-foot French-style mansion in its place.
The Doctor sold the newly built mansion for $20 million in August 2014. The buyers were Kim Kardashian and Kanye West. Kim and Kanye did another huge renovation that took years to complete. Kim got the mansion when they split up. It is still her main place of residence.
What Was Lisa Marie Presley’s Net Worth?
At the time of her death, Lisa Marie Presley, an American singer and actress, had a net worth of $ -10 million. She had turned 54. Lisa Marie was Elvis Presley’s only child. She was a good singer and songwriter in her own right, 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.
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