Hi, I’m your guide to uncovering the financial world of celebrities. Today, we’re diving into Lisa Marie Presley net worth.
Lisa Marie, daughter of the legendary Elvis Presley, has had a rollercoaster ride when it comes to her finances. Let’s explore how her wealth has changed over the years and what factors have contributed to her current financial status.
Quick Facts
| Real Name | Lisa Marie Presley |
| Popular Name | Lisa Marie Presley |
| Gender | Female |
| Birth Date | February 1, 1968 |
| Age | 54 (at the time of death) |
| Parents | Elvis Presley, Priscilla Presley |
| Siblings | N/A |
| Birthplace | Memphis, Tennessee, USA |
| Nationality | American |
| Ethnicity | Caucasian |
| Education | The John Thomas Dye School |
| Marital Status | Divorced |
| Sexual Orientation | Straight |
| Wife/Spouse | Michael Jackson (1994-1996), Nicolas Cage (2002-2004), Michael Lockwood (2006-2021) |
| Children | Riley Keough, Benjamin Keough, Harper Vivienne Ann Lockwood, Finley Aaron Love Lockwood |
| Dating | N/A |
| Net Worth | -$10 million |
| Source of Wealth | Inheritance, Music |
| Height | 5 ft 3 in (160 cm) |
What is the Net Worth Of Lisa Marie Presley in 2024?
As of 2024, Lisa Marie Presley’s net worth is estimated to be -$10 million. Despite inheriting a substantial fortune from her father, Elvis Presley, her financial situation deteriorated due to poor financial management, legal battles, and excessive spending.
For comparison, Priscilla Presley has an estimated net worth of $50 million, largely due to her careful management of Elvis’s estate and other business ventures.
Riley Keough, Lisa’s daughter, has built her own successful career, amassing a net worth of around $20 million.
In contrast, Michael Jackson, another of Lisa’s ex-husbands, had a fluctuating net worth that peaked at hundreds of millions but also faced severe financial issues.
Lisa Marie Presley Finance Overview
Inheritance and Financial History
Lisa Marie Presley inherited her father’s estate, which was initially valued at around $1 million after taxes and debts.
Over the years, under the management of her mother, Priscilla Presley, the estate grew to an impressive $100 million by the time Lisa inherited it in 1993. However, her financial journey was far from smooth.
Financial Management and Mismanagement
Initially, Lisa Marie appointed Barry Siegel as her financial manager, trusting him to manage her substantial inheritance.
Unfortunately, poor financial decisions and alleged mismanagement by Siegel led to significant losses. In 2005, a large portion of Elvis Presley Enterprises was sold for $100 million, but after taxes and other fees, Lisa netted around $40 million.
This amount dwindled due to excessive spending and other financial missteps, leading her to sue Siegel in later years.
Breakdown of Assets and Debts
Major Assets
Lisa Marie owned several valuable assets, including a 15% stake in Elvis Presley Enterprises and the iconic Graceland mansion.
Graceland, visited by hundreds of thousands of fans annually, remained a significant asset but also required substantial upkeep.
Debts and Financial Obligations
Despite her valuable assets, Lisa Marie faced mounting debts. She owed millions in unpaid taxes and had significant credit card debt. By 2018, she reported debts totaling $16 million, including $1 million owed to the IRS.
Legal and Financial Struggles
Lawsuits Against Financial Managers
Lisa Marie’s legal battles included a high-profile lawsuit against Barry Siegel, whom she accused of squandering her fortune. She claimed that his poor financial decisions left her with only $14,000 in her trust by 2015.
Divorce Settlements
Her financial troubles were further exacerbated by costly divorce settlements. Her marriages to Michael Jackson, Nicolas Cage, and Michael Lockwood all ended in divorce, with each separation bringing its own set of financial challenges.
Life Insurance Policies and Their Role
Lisa Marie had three life insurance policies worth $35 million, which were designated for her daughters.
This payout significantly impacted her financial legacy, providing some relief to her estate and beneficiaries.
Impact on Family
After Lisa Marie’s death, her mother Priscilla and daughter Riley Keough were involved in managing and contesting aspects of her estate.
Despite legal disputes, Riley was eventually named the sole trustee, ensuring that her siblings would benefit from the estate once they came of age.
Social media
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FAQs about Lisa Marie Presley
What was Lisa Marie Presley’s cause of death?
Lisa Marie Presley passed away on January 12, 2023, at the age of 54. The official cause of death was a small bowel obstruction, which was a complication from previous bariatric surgery. She had experienced cardiac arrest before her death.
Who are her children?
She had four children: Riley Keough and Benjamin Keough from her marriage to Danny Keough, and twin daughters Harper Vivienne Ann and Finley Aaron Love Lockwood from her marriage to Michael Lockwood. Tragically, her son Benjamin passed away in 2020.
Who were her spouses?
She was married four times. Her spouses were Danny Keough (1988-1994), Michael Jackson (1994-1996), Nicolas Cage (2002-2004), and Michael Lockwood (2006-2016). Each of these marriages brought significant media attention due to her own fame and the high-profile nature of her partners.
What albums did she release?
She released three studio albums: To Whom It May Concern (2003), Now What (2005), and Storm & Grace (2012). Her music blends rock, blues, and country influences, showcasing her powerful vocals and personal lyrics.
Did she have any legal disputes regarding her estate?
Yes, after Lisa Marie’s death, her mother Priscilla Presley filed legal documents disputing the management of Lisa Marie’s estate. Priscilla questioned the validity of a 2016 amendment to Lisa Marie’s living trust, which had replaced her as a trustee with Lisa Marie’s children, Riley and Benjamin Keough. The dispute included issues about notification and the authenticity of Lisa Marie’s signature.
What is her connection to Graceland?
She was the only child of Elvis Presley and inherited Graceland, the family estate in Memphis, Tennessee. She maintained a strong bond with Graceland throughout her life, often participating in events and activities to honor her father’s legacy.
Did she ever work with other famous musicians?
Yes, she collaborated with several notable musicians throughout her career. She worked with Billy Corgan from The Smashing Pumpkins, Pink, and Richard Hawley, among others. These collaborations helped her carve out her unique sound in the music industry.
What charitable causes was she involved in?
She supported various charitable organizations, including World Vision and the Dream Factory. She was particularly passionate about causes related to homelessness and children’s welfare, using her platform to raise awareness and funds for these issues.
How did she honor her father’s legacy?
She honored her father, Elvis Presley, by managing his estate and participating in tributes. She recorded a posthumous duet with Elvis for the song Don’t Cry Daddy and was actively involved in preserving and promoting his musical legacy through Graceland and various other projects.
What other artistic mediums did Lisa Marie Presley explore?
Apart from her music career, Lisa Marie Presley explored other creative outlets, including writing and acting. She wrote personal memoirs and appeared on various talk shows and interviews, sharing her experiences as Elvis Presley’s daughter and her own life journey.
Conclusion
Her financial journey was as tumultuous as it was fascinating. Despite inheriting one of the most famous estates in history, her financial struggles serve as a cautionary tale.
For more insights into the finances of other top singers of all time, visit RachelParris.com.