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Lisa Marie Presley Net Worth 2022

Lisa Marie Presley Net Worth:

-$ 16 Million

What is Lisa Marie Presley’s Net Worth?

Net Worth: -$16 Million
Profession: Singer-songwriter
Age: 54 years of ages
Country: United States of America
Born: 1 Feb 1968 
Height: 5 feet 2 in (1.6 m)
Gender: Female
Last Updated: 2022

Lisa Marie Presley is an American starlet and likewise singer that has an overall possessions of -$ 16 million. Although she is potentially best acknowledged for being the little woman and simply kid of Elvis Presley, Lisa Marie is also a recognized singer-songwriter in her own right. Her undesirable overall possessions is a representation of various financial issues linked to the Presley estate, which she obtained at age 25. Much more information on these monetary concerns later on in this short article.

She is in addition comprehended for being a previous individual of the Church of Scientology, and likewise she was when wed to Michael Jackson.

Early Life

Lisa Marie Presley was born upon February 1st of 1968 in Memphis Tennessee. After Priscilla Presley and Elvis separated, Lisa handled her mama.

Tunes Profession

Lisa Marie Presley launched her launching album, “To Whom It May Concern,” in 2003. She followed up with “Now What” in 2005. Just like her introducing cd, her second album charted well. In 2012, she launched a 3rd album called “Storm & Grace.” Beyond her solo task, Presley has really collaborated with a range of top-level artists such as Kylie Minogue, Michael Buble, along with Coldplay. On top of that, she has really appeared in video for tracks by Michael Jackson and likewise other artists.

Relationships

In 1988, Lisa Marie Presley wed Danny Keough. Lisa after that became included to an artist called John Oszajca prior to deserting the relationship to wed Nicholas Cage. Cage and Presley were wed in 2002 along with separated later that year.

In 2006, she wed Michael Lockwood and in 2008 she brought to life twins. In 2016, she stated divorce and likewise sole guardianship of the kids, asserting that she had actually discovered child porn on Lockwood’s computer system.

Inheritance

Lisa was 9 years of ages when her papa died. Elvis was not thinking about monetary commitment, along with he was popular for extreme expenses throughout his life time. That being stated, the Rock ‘N Roll sign was in addition totally robbed by his manager, Colonel Tom Parker, who was essentially taking half of Elvis’ earnings. At the time of his death, Elvis’ estate was worthy of $5 million, which is the matching of $14 million in today’s money.

His other half Priscilla (along with Lisa’s mama) worked as single administrator of his estate, which was to be turned over to Lisa. Nevertheless, Lisa Marie was just 9 years of ages at the time. Priscilla saw that Lisa’s inheritance had actually lessened to simply $1 million after all charges and expenses were thought of, so she tackled rebuilding the estate and handling its alarming scenario. She took the innovative action of changing Graceland (Elvis’ manor) right into a gallery, along with 4 days after its production she had actually paid back all debtors and likewise owed expenses. By the time Lisa obtained her daddy’s estate at age 25, it deserved $100 million (the matching of $295 million in today’s cash).

In February 2005, Seigel selected to market 85% of EPE (Elvis Presley Enterprises), a company that handled all of Elvis’ photo legal rights along with nobilities. EPE deserved $100 million, Seigel’s deal simply netted Lisa Marie $40 million after tax commitments.

Part of this was because of Lisa’s extreme investing practices, yet it was likewise most likely due to mismanagement by Seigel and different other financial managers (that were making earnings of $700,000 each year, by the way). When everything was mentioned and done, Lisa Marie was entrusted just $14,000 in the trust she had actually established.

Lisa Marie Presley Net Worth
Lisa Marie Presley Net Worth

Lisa Marie Financial Issues

By 2015, Lisa Marie Presley had actually ended Barry Siegel. 2 years later on, she submitted a match versus her previous supervisor for supposedly wasting $100 numerous her lots of cash along with leaving her harmed. She recommended that the EPE offer was unadvised which he fell short to notify her worrying fact problem of the Presley estate.

In his defense, Barry Siegel stated that Lisa Marie’s extreme expenses practices were the real factor behind the estate’s significant losses. He likewise stated to have really had typical company conferences with her, throughout which he explained the establishing situation along with recommended her continually to restrict her investing. Additionally, Seigel mentioned that Lisa’s severe costs practices really put her estate $20 million at a loss by 2003, which he corrected.

Lisa Marie countered by explaining that she had no recommendation about the problem of her estate, which if Seigel had really informed her what was really occurring, she would have limited her expenses and likewise quickly lessened his wage of $700,000. She argued that if she had actually been admitted to simply the estate’s revenues, she would definitely have had the capability to live happily on $1.5 to $2.5 million each year. In 2020, the constant legal battle was held off due to Covid-19.

In 2018, court files from Lisa Marie’s separation treatments with Michael Lockwood exposed that she was $16 million in financial obligation. Lisa sent the paperwork after her ex required $450,000 to cover his own legal expenses.

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