Lisa Marie Presley net worth: Losses, lawsuits and Graceland - CBS News

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Lisa Marie Presley dormant astatine 54

Lisa Marie Presley, girl of Elvis, dormant astatine 54 02:56

Lisa Marie Presley, the lone kid of Elvis and Priscilla Presley who died connected January 12 astatine property 54, leaves down a rock-and-roll bequest — including a rocky fiscal way marked with losses and lawsuits implicit money.

Presley, a singer-songwriter similar her father, wasn't affluent capable to marque the Forbes database of highest-paid entertainers, portion immoderate personage websites adjacent estimated that she whitethorn person had a negative nett worth astatine her death.

But Presley inactive owned Graceland, Elvis Presley's property that is present a tourer attraction, done a trust, which volition present beryllium inherited by her children, the Los Angeles Times reported, citing a Graceland spokesperson.

A elaborate glimpse of her fiscal concern emerged successful 2018 erstwhile she sued her erstwhile manager, Barry Siegel, claiming helium had mismanaged her finances, resulting successful her $100 cardinal spot dwindling to $14,000 successful currency by 2016. The suit besides claimed Presley had racked up $500,000 successful recognition paper debt, according to Reuters.

Starting successful 2005, Presley suffered an "11-year odyssey to fiscal ruin," the suit claimed. "Lisa has been damaged successful an magnitude that has not yet been afloat ascertained, but is believed to beryllium successful excess of $100 million."

The suit followed her 2021 divorcement from instrumentalist Michael Lockwood. During the divorcement proceedings, Presley claimed she was $16 cardinal successful debt, with astir of that stemming from unpaid taxes, according to TMZ.

Presley blamed the basal origin of her fiscal woes connected a 2005 woody to merchantability an 85% involvement successful the Elvis Presley Estate (EPE) to CKX, an amusement institution that besides owned the "American Idol" tv show.

To beryllium sure, Presley didn't travel distant bare handed from the deal: She received $50 cardinal positive banal successful CKX, on with keeping a 15% involvement successful EPE, arsenic good arsenic the rubric to Graceland, the Associated Press reported astatine the time. CKX was aboriginal sold to Apollo Global Management for $509 million.

But Presley's suit claimed that Siegel enactment his ain fiscal interests up of her own, alleging helium bought a $9 cardinal English location utilizing the trust's wealth yet putting that involvement astatine hazard erstwhile helium wasn't capable to wage for a $6.7 cardinal balloon payment, the Memphis Commercial Appeal reported.

Meanwhile, Siegel countered successful his ain suit that Presley's fiscal problems were owed to her ain missteps. The litigation claimed she had "twice squandered" her inheritance and blamed her "spendthrift ways," Reuters said.

But Presley, who was 9 erstwhile her begetter died, remained the sole proprietor of Graceland, the Memphis Commercial Appeal said. And her 15% involvement successful EPE apt continues to make a dependable income, fixed that Elvis Presley is ranked arsenic the No. 4 top-earning dormant personage successful 2022, according to Forbes.

Presley past twelvemonth said she earned astir $104,000 a period from "Elvis Enterprises," according to Yahoo, citing ineligible documents uncovered by The Blast.