Lisa Marie Presley Net Worth: How Rich Is Elvis Presley’s Daughter?

More than the fame of being an actress and singer, Lisa Marie Presley is more famous as the daughter of the ‘King of Rock & Roll’, Elvis Presley. She had her debut album ‘To Whom It May Concern’ released in 2003. This was followed by her second album ‘Now What’. Both of which did well in the charts. The artist has collaborated with many other musicians which include Kylie Minogue, Michael Buble, and Coldplay. 

The artist had another album named ‘Storm & Grace’ which came out in 2012. She also appeared in the music video of many artists including her ex-husband Michael Jackson. Even after these successes and also inheriting her father’s grand estate Graceland, then how did the songwriter go into a debt of $16 million?

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Lisa Marie Presley Net Worth

Lisa Marie Presley, according to Celebrity Net Worth has a net worth of -$16 million. Yes, the singer-songwriter is in debt. From unpaid taxes to credit card debts, Lisa’s financial troubles can be reasoned to be because of her excessive spending and financial managers robbing money out of her and her inheritance.

It was at the age of 9, that Lisa Marie Presley bid farewell to her father, rockstar Elvis Presley forever. Her father had been robbed of half his income by financial manager Colonel Tom Parker. In addition, Elvis had to spend excessively during his lifetime, and the resultant debts and expenses were paid off through the revenue from Graceland. Similar to her father was Lisa Marie’s experience. The artist also spends a lot of money. She inherited Graceland at the age of 25.

Lisa Marie established a revocable living trust instead of inheriting the money directly from Graceland. She also appointed Barry Seigal as its manager. Seigal sold 85% of Elvis Presley Enterprises for $100 million in 2005. Out of that Presley could only get her hands on $ 40 million. All the money dried off due to the spending habits of Elvis’s daughter and also from the mismanagement by Seigal and other managers. Being in debt, currently, there is an ongoing lawsuit by Presley against her former business manager, Seigal who she claims to have squandered her $100 million. 

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Personal Life Of The Singer

Lisa Marie Presley was born on February 1, 1968, in Memphis, Tennessee. She lived with her mother Priscilla Presley after her mother got a divorce from Elvis Presley.

She got married to Danny Keough in 1988 and had two children. They got divorced in 1994. Soon after her first divorce, she married the musical genius, Michael Jackson. She helped him fight many of his personal issues but the relationship ended in 1996.

The artist was also engaged to John Oszajca but the relationship was later abandoned. Nicholas Cage and Lisa tied the knot in 2002 but called it quits a year later. Presley married Michael Lockwood in 2006 and had twins in 2008. However, she filed for a divorce in 2016.

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