Lisa Marie Presley has a net worth of -$12 million. Lisa Marie is an American singer and songwriter, best known as the only child and sole heir to her father, Elvis Presley, who inherited $100 million.
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.
Lisa also wrote a book titled I’m Grateful to Be Alive to inspire others facing similar challenges. She has been married four times, most notably to the late pop superstar, Michael Jackson.
Lisa Marie Presley Net Worth (2024)
| Net asset value: | -$12 Million |
| Job: | Singer |
| Year old: | 54 years old |
| Nation: | America |
| Born: | February 1, 1968 |
| Salary (Annual): | $2 million per year |
| Latest updates | 2024 |
Lisa Marie Presley Net Worth Growth
| Net worth 2024 | $-12 Million |
| Net worth 2023 | 12 million dollars |
| Net worth 2022 | 10 million dollars |
| Net worth 2021 | 8 million dollars |
| Net worth 2020 | 7 million dollars |
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 lives in Los Angeles, California, with her mother.
After her parents divorced, she frequently visited her father at Graceland. Her father died in 1977. When Queen performed at The Forum in Inglewood, California, she went and saw her first rock concert.
She later expressed her love for the theater. When Lisa was between the ages of 12 and 15, she was allegedly sexually assaulted by Michael Edwards, an actor her mother began dating after Elvis’s death.
She dropped out of school and began using illegal drugs while still in high school. Presley was accepted into the Scientology Celebrity Center at the age of 17. As a child, she was exposed to music and was influenced by her father’s love of rock and roll.
Career
In 2003, Lisa Marie Presley released her debut album, To Whom It May Concern, marking the beginning of her music career. After charting on the Billboard charts, domestic sales of the album helped the album achieve gold certification.
Great reviews helped the album reach number five on the Billboard 200. However, she performed it 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,” considered one of her best, was released in 2012 following the success of the album.
Lisa Marie Presley Net Worth and Salary
Lisa Marie Presley inherited
She acquired Graceland as the sole heir after her father died in 1977, Vernon in 1979, and Minnie Mae in 1980. She received her inheritance in 1993 when she turned 25.
The estate grew to an estimated $100 million. In his will, Priscilla Presley was named one of three trustees, along with the National Bank of Commerce in Memphis and Joseph Hanks, the Presley family’s former accountant.
As the Elvis Presley Foundation took over, Presley became more personally involved. She remained the owner and chairman of the board of the company until 2005, when she sold CKX, Inc. 85% of the estate’s business interests, excluding Graceland.
In 2012, Lisa unveiled a brand new exhibition at Graceland. 200 works were brought together for the exhibition Elvis…Through His Daughter’s Eyes by Presley and the Graceland Archives staff.
Her father named her after a private plane he acquired in 1975. He spent over $1 million restoring it to use as his main vehicle while touring. Graceland has two planes on display: the Hound Dog II and the Lisa Marie.
Financial issues
Elvis Presley died in 1977, leaving behind a debt-ridden estate with only about $5 million in cash. The IRS assessed a $10 million estate tax on Elvis Presley’s estate after underreporting its true value on taxes.
Because Elvis’s controversial manager, Colonel Tom Parker, negotiated a deal to sell most of his records to RCA for a pittance, the estate could not rely on royalties from those works.
Priscilla and her co-executors helped increase the value of the Elvis Estate. estimated $100 million in 1993 thanks to Graceland income, merchandise, image partnerships, and royalties from songs released after the deal with RCA.
When Lisa turned 25 that year, she was eligible to inherit directly from Elvis’ Last Will and Testament and was not eligible to inherit that money. Instead, she set up her own trust and appointed additional people as trustees.
Ten years later, she appointed Barry Siegel, the company’s chief operating officer, as co-trustee. Less than two years after taking office, Siegel decided to sell the trust’s 85 percent stake in EPE for just $40 million after taxes.
Nearly all of the Foundation’s funds disappeared between 2005 and 2015, leaving Lisa with a huge debt. In her lawsuit, she claims that Siegel and Provident misled her about the Foundation’s true financial situation.
Instead, she gave her the Foundation’s principal to use for lavish spending, including $39 million in just four years, from 2005 to 2008. Lisa noted that by the time Siegel was fired in 2015, the Foundation had just $14,000 in cash.
She is still responsible for thousands of dollars in back taxes and other debts. According to Lisa, she would be worth at least $100 million without the sale of EPE and her investment in American Idol’s parent company.
Lisa claims she will not allow Siegel and Provident to collect fees totaling an average of more than $700,000 a year. Siegel denies the allegations and asserts that Lisa is solely responsible for her failure to make ends meet.
Despite his objections, Siegel was forced to provide accounting reports for the operations of the trust he oversaw. The lawsuit is still pending and no further information is available.
About
| Name | Lisa Marie Presley |
| Net asset value | -$12 Million |
| Year old | 54 |
| Height | (1.62 meters) |
| Weight | 62KG (Approx.) |
| Job | Singer |
| Date of birth | February 1, 1968 |
| Place of birth | Memphis |
| Nationality | American |
| Income | $2 million (Annual) |
| Couple | Michael Lockwood |
“You are always learning; there is so much unknown; don’t take anything for granted.”
– Lisa Marie Presley
Lisa Marie Presley Social Media Profile
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Relationships
Lisa was married four times. Riley Keough and Benjamin Storm Keough, who committed suicide in 2020, were born during her marriage to singer Danny Keough, which lasted from 1988 to 1994.
Lisa first met singer Michael Jackson in 1975 when she attended some of his concerts in Las Vegas when she was seven years old. Twenty days after her divorce from Keough, she married Jackson.
Jackson became dependent on her as the child abuse allegations spread, and she became concerned about his deteriorating health and drug use. Soon after, she tried to get Jackson to address the allegations.
There is no need to go to court and seek treatment to recover. According to court documents, she filed for divorce in 1996, citing irreconcilable differences. She met Cage in 2000 while she was still engaged to musician John Oszajca.
She quickly called off her engagement to Oszajca. The couple got married in Hawaii shortly after, but they split 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 sponsors the Elvis Presley Music Room.
The Elvis Presley Scholarship Fund was established at the University of Memphis’ College of Communication & Fine Arts. Elvis Place, which provides free housing for homeless families for up to a year, child care services.
After Hurricane Katrina devastated New Orleans and surrounding areas, Lisa became a member of Oprah Winfrey’s Angel Network and actively participated in relief efforts.
Lisa began supporting Dream Factory in 2011. Along with Michael Jackson, she visited hospitals and orphanages around the world. To raise funds for the charity, The Snowball was held at the Prince Regent in Chigwell.
It raised approximately $59,000 to help grant the wishes of terminally ill children. 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 Award 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 lived in a Tudor-style manor house 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 committed suicide there. Lisa later sold the house for $2 million in an off-market transaction. Lisa also owns a home in Hidden Hills, which is estimated to be worth $8 million each.
Summary
Lisa Marie Presley’s total net worth is reported to be -$12 million as of 2024. The ex-wife of Michael Jackson received the majority of her money from her father, Elvis Presley. At the age of 25, Lisa Marie inherited her father’s net worth of $100 million.
She has had a career as a blues, country and folk musician. Lisa Marie also works as an occasional songwriter. She has been married four times, the most notable of which was her relationship with the late Michael Jackson.
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