Lisa Marie Presley has a net worth of -$12 million. Lisa Marie is an American singer and songwriter who is best known as the only child and sole heir to her father’s $100 million inheritance from Elvis Presley.
She has released three albums and built a career in the music industry. In 2003, she released her debut album “To Whom It May Concern” and in 2005 “Now What”. She has collaborated with stars such as Kylie Minogue, Michael Buble and Coldplay.
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Additionally, Lisa is the author of a book titled I’m Grateful to Be Alive to inspire those facing similar challenges as she did. She has had four marriages, the most notable of which was her wedding to the late pop superstar Michael Jackson.
Lisa Marie Presley Net Worth (2024)
| Net value: | -12 million USD |
| Job: | Singer |
| Year old: | 54 years old |
| Nation: | America |
| Born: | February 1, 1968 |
| Salary (annual): | 2 million USD per year |
| Latest updates | 2024 |
Lisa Marie Presley’s net worth growth
| Net worth in 2024 | -12 million USD |
| Net worth in 2023 | 12 million USD |
| Net worth in 2022 | 10 million USD |
| Net worth in 2021 | 8 million USD |
| Net worth 2020 | 7 million USD |
Early life
Lisa Marie Presley was born on February 1, 1968, to Priscilla Presley and Elvis Presley at Baptist Memorial Hospital-Memphis in downtown Memphis, Tennessee. She resides in Los Angeles, California, with her mother.
It was after her parents divorced that she frequently visited her father at Graceland. His father died in 1977. When Queen performed at The Forum in Inglewood, California, she went to her first rock concert.
She then expressed her love for the stage. When Lisa was between the ages of 12 and 15, it is alleged that she was sexually assaulted by Michael Edwards, an actor her mother began dating after Elvis died.
She dropped out of school and began using illegal drugs while in high school. Presley was admitted to the Celebrity Science Center at the age of 17. As a child, she was exposed to music and influenced by her father’s love of rock and roll.
Career
In 2003, Lisa Marie Presley released her debut album titled To Whom It May Concern, marking the beginning of her music career. After making the Billboard list, the album’s domestic sales earned it gold certification.
Great reviews helped the album enter the Billboard 200 chart at number five. However, she performed for the first time on the 20th anniversary of her father’s death, combining her vocals with his on the song Don’t Cry.
Lisa Marie Presley’s second album, “Now What,” was released in 2005. Her third album, “Storm and Grace,” which turned out to be one of her best, was released in 2012 due to the album’s success. .
Lisa Marie Presley Net Worth and Salary
Lisa Marie Presley Heiress
She purchased Graceland as sole heir after her father died in 1977, Vernon in 1979, and Minnie Mae in 1980. She received the inheritance in 1993 when she was 25 years old.
Assets have increased to an estimated $100 million. In her will, Priscilla Presley was one of three trustees, along with the National Bank of Commerce in Memphis and Joseph Hanks, the Presleys’ former accountant.
When the Elvis Presley Trust was being administered, Presley had more personal involvement. She served as company owner and board chair until 2005, when she sold CKX, Inc. 85% of real estate business shares, excluding Graceland.
In 2012, Lisa introduced a brand new exhibition at Graceland. 200 works were assembled for the exhibition Elvis…Through the Eyes of His Daughter by Presley and the staff of Graceland Archive.
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Her father named her a private plane he owned in 1975. To use it as his primary vehicle while touring, he spent more than $1 million restoring it. Graceland has two aircraft on display: the Hound Dog II and the Lisa Marie.
Financial issues
Elvis Presley passed away in 1977, leaving his assets heavily in debt with only about $5 million in cash. The IRS has assessed a $10 million estate tax lien on Elvis Presley’s estate after the estate’s tax reports underestimated its true value.
Because Colonel Tom Parker, Elvis’s controversial manager, had negotiated a deal to sell most of his records to RCA for a small sum, the production house could not rely on royalties. from those works.
Priscilla and her co-operators helped the value of the Elvis Estate increase to its highest level. estimated at $100 million in 1993 thanks to Graceland’s earnings, merchandise, image partnerships and royalties from songs released after the RCA deal.
When Lisa turned 25 that year, she qualified to inherit directly from Elvis’s Last Will and Testament and was eligible to inherit the money. Instead, she established her own trust and appointed additional people as trustees.
She appointed Barry Siegel, the company’s chief sales officer, as co-trustee ten years later. Upon taking office less than two years ago, Siegel made the decision to sell the Trust’s 85% stake in EPE for just $40 million after taxes.
Almost all of the Trust’s money disappeared between 2005 and 2015, leaving Lisa with a huge debt. She claimed in the case that Siegel and Provident misled her about the true financial position of the Trust.
Instead, she gave her the Trust’s principal to use for lavish spending, including $39 million in just four years, from 2005 to 2008. Lisa noted that at the time When Siegel was fired in 2015, the Trust had just $14,000 in cash.
She remains responsible for thousands of dollars in back taxes and other debts. According to Lisa, she would be worth at least $100 million if not for the disastrous EPE sale and investment in parent company American Idol.
Lisa announced she would not allow Siegel and Provident to collect fees that totaled an average of more than $700,000 annually. Siegel denied the accusations and asserted that Lisa was only responsible for her failure to make a living.
Despite his objections, Siegel was required to provide accounting reports for Trust operations under his supervision. The legal case is still pending and no further information is available.
About
| Name | Lisa Marie Presley |
| Net value | -12 million USD |
| Year old | 54 |
| Height | (1.62m) |
| Weight | 62kg (approx.) |
| Job | Singer |
| Date of birth | February 1, 1968 |
| Place of birth | Memphis |
| Nationality | American |
| Income | 2 million USD (Annual) |
| Couple | Michael Lockwood |
“You are always learning; there is a lot of gray; Don’t take things for granted.”
– Lisa Marie Presley
Lisa Marie Presley’s social media profile
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Relationships
Lisa has been married four times. Riley Keough and Benjamin Storm Keough, who committed suicide in 2020, was born during her marriage to singer Danny Keough, which lasted from 1988 to 1994.
Lisa first met singer Michael Jackson in 1975 while attending several of his concerts in Las Vegas at the age of seven. Twenty days after divorcing Keough, she married Jackson.
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Jackson became dependent on her as allegations of child abuse became more widespread, and she began to worry about his deteriorating health and his drug use. Soon after, she tried to get Jackson to address the allegations.
That is, there is no need to go to trial and seek treatment to recover. According to court documents, Ms filed for divorce in 1996, citing irreconcilable differences. She met Cage in 2000 while still engaged to musician John Oszajca.
She quickly broke off her engagement with Oszajca. In Hawaii, the couple married soon after but they separated 108 days later. Lisa married filmmaker Michael Lockwood for the fourth time in 2006 and divorced in 2016. They have twins Harper and Finley.
Charity activities
Lisa is the president of the Elvis Presley Charitable Foundation (EPCF), established by Graceland/Elvis Presley Enterprises, Inc. in 1984. To support art majors, EPCF sponsored the Elvis Presley Music Room.
It established the Elvis Presley Endowed Scholarship Fund at the University of Memphis’ College of Communication & Fine Arts. Elvis Place, which provides homeless families with free housing for a year, day care services.
After the devastation of Hurricane Katrina in New Orleans and surrounding areas, Lisa became a member of Oprah Winfrey’s Angel Network and became actively involved in relief efforts.
Lisa began supporting Dream Factory in 2011. Together with Michael Jackson, she visited hospitals and orphans around the world. To raise money for charity, The Snowball was held at the Prince Regent in Chigwell.
It brought in about $59,000 to help grant the wishes of terminally ill young adults. The GRAMMY Signature Schools program honors the nation’s top public high schools for their exceptional dedication to music education.
Presley presented the Gold Grammy Signature School honor to Long Beach Polytechnic High School in 2004. She spoke to students in 2005 about possible careers in the music business.
House
In San Francisco, Lisa lives with her family. They resided in a Tudor-style manor in Rotherfield, East Sussex, England from 2010 to 2016. In 2020, Lisa paid $1.8 million for the Calabasas house.
Four months later, her son Benjamin Keough shot and killed himself there. Lisa later sold the house for $2 million in an off-market transaction. Lisa also owns a house in Hidden Hills estimated to be worth $8 million each.
Summary
Lisa Marie Presley’s total net worth is reported to be -$12 million as of 2024. Michael Jackson’s ex-wife received most of her money from her father Elvis Presley. At age 25, Lisa Marie inherited her father’s net worth of $100 million.
She has had a career as a musician in blues, country and folk music. In addition, Lisa Marie sometimes works as a musician. She has had four marriages, the most notable of which is her relationship with the late singer Michael Jackson.
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Category: Net Worth