Lisa Marie Presley net worth of -$10 million. Lisa Marie Presley died on January 12, 2023, as a result of a heart arrest. She was 54 years old at the time. Lisa Marie Presley was Elvis Presley’s only child. She, like her father, was a talented singer-songwriter in her own right.
She was also well-known for her marriage to Michael Jackson and Nicolas Cage and her membership in the Church of Scientology.
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Early Life of Lisa Marie Presley
Presley was born on February 1, 1968, the daughter of Elvis and Priscilla Presley at Baptist Memorial Hospital-Memphis in Memphis, Tennessee, nine months to the day after her parent’s wedding. After her parents divorced, she lived with her mother in Los Angeles and frequently stayed with her father at Graceland in Memphis.
Presley’s parents separated when she was four years old. When her father died in August 1977, nine-year-old Presley became joint heir to his estate with her 61-year-old grandfather. Upon the deaths of her grandfather in 1979 and her great-grandmother in 1980, she became Elvis’ sole heir.
On her 25th birthday in 1993, she inherited the estate, which had grown to an estimated $100 million. Presley sold 85 per cent of her father’s estate in 2004.
Musical Career
Elvis Presley released her debut album, To Whom It May Concern, on April 8, 2003. It reached No. 5 on the Billboard 200 albums chart and was certified gold in June 2003. The album’s first single, “Lights Out”, reached No. 18 on the Billboard Hot Adult Top 40 chart and No. 16 on the UK charts.
Presley collaborated with Billy Corgan for a co-written track called “Savior”. Robert Hilburn wrote that the album had a stark, uncompromising tone and that Presley’s gutsy blues-edged voice had a distinctive flair.
Pat Benatar and Presley performed at the VH1 Divas Duets, a concert to benefit the VH1 Save the Music Foundation. Presley contributed a “Silent Night” recording for the NBC Holiday Collection, Sounds of the Season.
Elvis Presley’s second album, “Now What”, was released on April 5, 2005, and reached No. 9 on the Billboard 200 albums chart. The album included covers of Don Henley’s “Dirty Laundry” and the Ramones’ “Here Today and Gone Tomorrow”.
The song “Idiot” is a jab towards different men in her life. The video for “Dirty Laundry” was directed by Patrick Hoelck, and George Michael appeared in it. Presley appeared in the music video for Johnny Cash’s “God’s Gonna Cut You Down” in 2006.
The single “In the Ghetto” was released in August 2007 and reached No. 1 on iTunes sales and No. 16 on Billboard’s Bubbling Under Hot 100 singles chart. It was recorded to commemorate the 30th anniversary of her father’s death, and proceeds from the single benefited a new Presley Place Transitional Housing Campus in New Orleans.
Presley appeared on The Oprah Winfrey Show to perform the song with the Harlem Gospel Choir and joined singer Richard Hawley on stage in London in October 2009. In an interview with Oprah Winfrey, Presley said that she was currently recording a new album in London, which was due to be released in 2011.
Lisa Marie Presley released her third album, Storm & Grace, in 2012. It was produced by Oscar and Grammy winner T Bone Burnett and was described as “a stronger, more mature, and more effective work than one might have expected”.
Spinner.com described it as “the strongest album of her career”, and Entertainment Weekly praised the “smoky, spooky” single “You Ain’t Seen Nothing Yet”. In 2018, Presley was featured on the title track of the compilation “Where No One Stands Alone”, a collection of her father’s gospel songs.
The song was reworked into a duet between Presley and her father, and a music video for the song was released in which Presley was incorporated into scenes of her and her father.
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Lisa Marie Presley’s Relationship Life
Elvis Presley married Chicago-born musician Danny Keough in 1988. They had two children: Riley Keough and Benjamin Storm Keough. Presley obtained a quickie divorce in the Dominican Republic on May 6, 1994.
Benjamin Keough died from a self-inflicted gunshot wound on July 12, 2020. On May 26, 1994, 20 days after her divorce from Keough, Presley married singer Michael Jackson.
They had first met in 1974 when a six-year-old Presley attended his concert at the Sahara Tahoe. As child molestation accusations against Jackson became public, Jackson became dependent on Presley for emotional support.
Presley tried to persuade Jackson to settle the allegations out of court and go into rehabilitation to recover. In January 1996, Presley filed for divorce, citing irreconcilable differences. After Jackson’s death in 2009, Presley was reported to have “felt shattered”.
Elvis Presley met musician John Oszajca in 1999 and got engaged to him two days before Christmas. She broke off the engagement in 2001 and married Nicolas Cage in Kamuela, Hawaii, on August 10, 2002. In 2003, Presley commented on reports that she and Danny Keough were planning to remarry.
In 2005, Keough was a bass guitar player in Presley’s band and served as her musical mentor. Presley still regarded him as a close friend, and he lived in the guest house on Presley’s property.
After they separated, Presley described her relationship with Keough as unconditional. Elvis Presley married Michael Lockwood in 2006 in Kyoto, Japan. In 2008, she gave birth to fraternal twin girls, Harper Vivienne Ann Lockwood and Finley Aaron Love Lockwood, via Caesarean section at Los Robles Hospital & Medical Center in Thousand Oaks, California.
The couple had a home in England at Coes Manor, Rotherfield, East Suss3x, where Presley enjoyed life out of the limelight. In 2016, Presley filed for divorce from Lockwood after ten years of marriage.
In February 2017, the couple’s children were placed in the temporary care of Priscilla Presley after Presley made allegations of inappropriate images of children on Lockwood’s personal computer.
The Beverly Hills Police Department investigated the allegations and found no criminal activity. The Tennessee Bureau of Investigations closed its investigation of the allegations, and the divorce was finalized on May 26, 2021.
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Lisa Marie Presley’s Inheritance
Lisa Marie Presley was 9 years old when her father, Elvis died. His estate was worth $5 million at the time of his death, but it shrunk to $1 million after various taxes, fees, and debts were paid down. Priscilla (Lisa’s mother) pioneered the conversion of Graceland (Elvis’ mansion) into a museum and paid off all debtors and owed expenses.
By age 25, Lisa inherited her father’s, which was worth $100 million. Instead of directly inheriting the money, Lisa established a revocable living trust and appointed a business manager named Barry Seigel to manage the funds.
Lisa Marie Presley Net worth
In February 2005, Seigel orchestrated a deal to sell 85% of EPE (Elvis Presley Enterprises), an organization that managed all of Elvis’ image rights and royalties, for $100 million. However, the money dried up between 2005 and 2015 due to Lisa’s excessive spending habits and mismanagement by Seigel and other financial managers.
By 2015, Lisa Marie had fired Barry Siegel and filed a lawsuit against him for allegedly squandering her $100 million fortune and leaving her broke. Barry Siegel claimed that Lisa Marie’s excessive spending habits were the real reason behind the estate’s massive losses.
He also claimed to have had regular business meetings with her, during which he explained the developing situation and reminded her repeatedly to limit her spending.
Lisa Marie countered by pointing out that she had no idea about the condition of her estate and that if Seigel had told her what was really going on, she would have limited her spending and immediately reduced his salary of $700,000. In 2018, court documents from Lisa Marie’s divorce proceedings revealed that she was $16 million in debt.
Michael Lockwood claimed that Lisa was still the beneficiary of a valuable trust worth as much as $65 million. His legal filings claimed that Presley has significant income for purposes of a child support calculation due to continuing and recurring distributions Presley receives from her trust(s) and from the significant assets, including her family business.
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Priscilla Presley’s Networth
Priscilla Presley’s net worth is around $50 million. After her divorce from Elvis, she received a $725,000 cash payment, child support, spousal support, 50% of the proceeds from their Beverly Hills house sale, and 5% of income from Elvis’ publishing firms. She also founded the Bis & Beau shop, attracting clients like Diana Ross, Barbra Streisand, and Cher.
Vernon, Lisa Marie, and Elvis’ grandmother, Minnie Mae Presley, were the beneficiaries of Elvis’ trust after his death. Lisa Marie’s inheritance was delayed until her 25th birthday because she was 9 years old when her father died.
Vernon was an executor of Elvis’ will, and Lisa Marie was the beneficiary of her father’s estate. Graceland, Elvis Presley’s famed home, was included in the trust, but care efforts caused Lisa Marie’s trust to dwindle.
Priscilla became the president and chairperson of Elvis Presley Enterprises, as well as a successful international tourist attraction. In a regular year, the estate earns $10 million.
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Lisa Marie Presley’s Children
Lisa Marie Presley was known by many for being Elvis Presley’s daughter, but she was also a mom to four kids of her own: Riley Keough, Benjamin Keough, Finley Lockwood, and Harper Lockwood.
Lisa Marie welcomed daughter Riley and son Benjamin with her ex-husband Danny Keough, whom she was married to from 1988 to 1994. In 2008, she welcomed twin daughters Harper and Finley with then-husband Michael Lockwood, though the two divorced in 2016.
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Danielle Riley Keough
Born May 29, 1989) is an American actress. She made her feature film debut at age 20, appearing in a supporting part in the musical biopic The Runaways (2010), portraying Marie Currie. She subsequently starred in the independent thriller The Good Doctor (2011) before being cast in a minor role in Steven Soderbergh’s comedy film Magic Mike (2012).
Her first big-budget release was the action feature Mad Max: Fury Road (2015).In 2016, Keough had her breakthrough role as an escort in the first season of the anthology series The Girlfriend Experience, earning a Golden Globe Award nomination for Best Actress.
Benjamin Keough
He was an American socialite who is best known as the grandson and look-alike of legendary musician and cultural icon ‘King’ Elvis Presley. He is the son of singer-songwriter Lisa Marie Presley. Being born into the famous Presley family, Benjamin Keough spent his entire life in the limelight.
However, as a grown-up man, he carefully avoided the media. Nevertheless, being the only male descendant of the charismatic Elvis Presley and his apparent resemblance to the music legend, there was constant curiosity over his life and career. Benjamin Keough died of an apparent suicide on July 12, 2020, in Calabasas, California. He was 27 years old. The reason for the suicide was not known.
Harper and Finley Lockwood
In 2008, Lisa Marie gave birth to fraternal twin girls, Harper Vivienne Ann and Finley Aaron Love Lockwood, 14, are Elvis’s youngest grandchildren. Their father is her fourth husband, her former guitarist Michael Lockwood.
Lisa Marie Scientology
Elvis Presley and Isaac Hayes opened the Literacy, Education, and Ability Program (LEAP) in 1997. For her efforts to help US children learn study skills, she received the Humanitarian Award from the Church of Scientology-supported World Literacy Crusade on January 5, 2002.
On September 26, she addressed a US congressional hearing in opposition to the use of medication in treating ADHD, stating, “I have spoken to children who have been forced to take a cocaine-like stimulant to control their behaviour.
The psychotropic drugging of millions of children has to stop.” She expressed her view that parents should be informed about alternatives to drugs so they may make an informed choice about their child’s educational and medical needs. Presley left Scientology in 2014, though she had been experiencing growing discontent with the organization as early as 2008.
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Lisa Marie Presley Humanitarian Efforts
The Presley Charitable Foundation (PCF) was formed by Elvis Presley in 2007. It was reincorporated from Presley Charitable Foundation to The Presley Foundation Inc. on November 10th, 2022, and registered as a public benefit and grantmaking foundation on February 13th, 2023.
In 2001, Presley Place opened to its first residents, providing homeless families with up to one year of rent-free housing, child day care, career and financial counselling, family management guidance, and other tools to help them break the cycle of poverty and regain self-esteem and independence.
Her father’s foundation, The EPCF, created the Elvis Presley Endowed Scholarship Fund at the College of Communication & Fine Arts at the University of Memphis to assist students majoring in areas of the arts.
Presley joined Oprah Winfrey and her Angel Network and was active in the relief efforts after Hurricane Katrina devastated New Orleans and surrounding areas.
Her first stop was a food bank, where she loaded a truck with groceries. Elvis Presley visited the Grand Casino Convention Center in Mississippi to distribute supplies to people who had lost everything.
In 2011, Presley became a patron of the Dream Factory, a charity based in Hainault, London. She was one of the celebrity guests at the Snowball held at the Prince Regent in Chigwell in aid of the charity, which raised $59,000 towards granting the wishes of terminally ill children and those with life-threatening illnesses or disabilities.
Lisa Marie Presley also donated a big framed picture of Elvis to the Dream Factory from Graceland, which raised $5,000.
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Lisa Marie Presley’s Death
On January 12, 2023, at around 10:30 a.m., Presley suffered a cardiac arrest at her home in Calabasas, California. Her heart was restarted after CPR was administered en route to West Hills Hospital in Los Angeles, but she died later that day at the age of 54.
Her last public appearance was at the 80th Golden Globe Awards two days before, which she attended with her mother.
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Conclusion
In conclusion, Lisa Marie Presley’s net worth has been influenced by a combination of factors, including her inheritance from her father, Elvis Presley, her music career, personal ventures, and legal matters.
As the sole heir to Elvis’s estate, Lisa Marie has benefited from assets like Graceland and the rights to Elvis’s music and likeness, contributing significantly to her net worth. While her music career had a successful debut, subsequent releases did not reach the same level of commercial success.
Lisa Marie’s involvement in philanthropic endeavours and potential personal ventures and investments may have played a role in her financial situation. Legal disputes and financial challenges have also affected her net worth.
It’s important to note that net worth figures can fluctuate over time due to various factors. Nonetheless, Lisa Marie Presley continues to navigate her personal and professional life, leaving an enduring legacy as the daughter of a music icon while forging her own path.
