Lisa Marie Presley internet value: Losses, lawsuits and Graceland

Lisa Marie Presley, the one baby of Elvis and Priscilla Presley who died on January 12 at age 54, leaves behind a rock-and-roll legacy — together with a rocky monetary path marked with losses and lawsuits over cash. 

Presley, a singer-songwriter like her father, wasn’t wealthy sufficient to make the Forbes listing of highest-paid entertainers, whereas some movie star web sites even estimated that she could have had a adverse internet value at her demise. 

However Presley nonetheless owned Graceland, Elvis Presley’s property that’s now a vacationer attraction, by way of a belief, which is able to now be inherited by her youngsters, the Los Angeles Occasions reported, citing a Graceland spokesperson.

An in depth glimpse of her monetary scenario emerged in 2018 when she sued her former supervisor, Barry Siegel, claiming he had mismanaged her funds, leading to her $100 million belief dwindling to $14,000 in money by 2016. The lawsuit additionally claimed Presley had racked up $500,000 in bank card debt, in accordance to Reuters.

Beginning in 2005, Presley suffered an “11-year odyssey to monetary wreck,” the lawsuit claimed. “Lisa has been broken in an quantity that has not but been totally ascertained, however is believed to be in extra of $100 million.”

The go well with adopted her 2021 divorce from musician Michael Lockwood. In the course of the divorce proceedings, Presley claimed she was $16 million in debt, with most of that stemming from unpaid taxes, in line with TMZ.

Presley blamed the basis explanation for her monetary woes on a 2005 deal to promote an 85% stake within the Elvis Presley Property (EPE) to CKX, an leisure firm that additionally owned the “American Idol” tv present.

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Singer and actress Lisa Marie Presley arrives for the premiere of “Mad Max: Fury Street” on the Chinese language theatre in Hollywood, California, on Might 7, 2015.

CHRIS DELMAS/AFP through Getty Photos


To make sure, Presley did not come away empty handed from the deal: She obtained $50 million plus inventory in CKX, together with conserving a 15% curiosity in EPE, in addition to the title to Graceland, the Related Press reported on the time. CKX was later offered to Apollo International Administration for $509 million.

However Presley’s go well with claimed that Siegel put his personal monetary pursuits forward of her personal, alleging he purchased a $9 million English house utilizing the belief’s cash but placing that stake in danger when he wasn’t capable of pay for a $6.7 million balloon fee, the Memphis Industrial Attraction reported.

In the meantime, Siegel countered in his personal lawsuit that Presley’s monetary issues have been as a result of her personal missteps. The litigation claimed she had “twice squandered” her inheritance and blamed her “spendthrift methods,” Reuters mentioned.

However Presley, who was 9 when her father died, remained the only real proprietor of Graceland, the Memphis Industrial Attraction mentioned. And her 15% stake in EPE possible continues to generate a gradual revenue, provided that Elvis Presley is ranked because the No. 4 top-earning lifeless movie star in 2022, in line with Forbes. 

Presley final 12 months mentioned she earned practically $104,000 a month from “Elvis Enterprises,” in line with Yahoo, citing authorized paperwork uncovered by The Blast. 

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