Lisa Marie Presley, who is presently heartbroken over the death of her son Benjamin, had a lot to live up to. She followed in the footsteps of her famed father, Elvis Presley, and pursued a career in music. While she may not be as well-known for her abilities as her late father, she continues to respect his legacy in her own unique manner. Let’s learn more about the daughter of Elvis such as Lisa Marie Net Worth, Relationships & Financial issues.
Lisa Marie Presley: Birthplace, Family, Education & Early Life
Lisa Marie Presley was born nine months to the day after her parents’ wedding on February 1, 1968, at Baptist Memorial Hospital-Memphis in midtown Memphis, Tennessee. She lived with her mother in Los Angeles, California, after her parents split, with periodic visits from her father at Graceland in Memphis, Tennessee.
When her father died in August 1977, Presley, then nine years old, became heir to his fortune together with her grandparents, Vernon Presley, and great-grandmother, Minnie Mae Hood Presley. She became the only heir and acquired Graceland after Vernon died in 1979 and Minnie Mae died in 1980.
She received the inheritance on her 25th birthday in 1993, when it had risen to an estimated $100 million. Presley sold 85% of her father’s assets in 2004. In the late 1970s, a year or two after her father’s death, she watched Queen at The Forum in Inglewood, California, for her first rock concert.
After the event, she offered Freddie Mercury a scarf from her father and conveyed her admiration of theatrics. When she was four years old, her parents split. When Lisa’s father died, she was nine years old. Her mother began dating actor Michael Edwards shortly after her father died.
Edwards allegedly sexually molested Lisa Marie while she was between the ages of 12 and 15. In a 2003 interview with Playboy magazine, Presley stated that Edwards made a tendency of intruding into her private room while inebriated and was improper with her.
What Is The Net Worth Of Lisa Marie Presley?
Lisa Marie Presley is an American actress and singer who has a net worth of -$16 million. Although she is probably best known for being the daughter and only child of Elvis Presley, Lisa Marie is also an accomplished singer-songwriter in her own right.
Her negative net worth is a reflection of various financial issues related to the Presley estate, which she inherited at age 25. She is also known for being a former member of the Church of Scientology.
Also Read:
- Jennifer Lawrence Net Worth: How Did He Become Famous?
- Garth Brooks Net Worth: When Did He Marry With Trisha?
- Mark Wahlberg Net Worth: How Much Did He Make for Ted?
Relationships
Lisa Marie Presley married Danny Keough in 1988. They divorced in 1994 after having two children: a daughter, Riley Keough (born May 29, 1989), an actress and model, and a son, Benjamin Storm Keough (October 21, 1992 – July 12, 2020).
Benjamin, their 27-year-old son, committed suicide in 2020. Presley married Michael Jackson shortly after divorcing Keough. Despite assisting Jackson with a lot of personal concerns, she filed for divorce in 1996. Lisa later became engaged to a singer called John Oszajca before divorcing him to marry Nicholas Cage.
Cage and Presley married in 2002 and divorced the following year. She married Michael Lockwood in 2006 and gave birth to twins in 2008. She filed for divorce and sole custody of the children in 2016, alleging she found child pornography on Lockwood’s computer.
Honors and awards
Presley was formally recognized on June 24, 2011, by Tennessee Governor Bill Haslam, who declared a day of celebration for her charity contributions. Two days later, Mayor Mitchell J. Landrieu of New Orleans presented Mary with a Certificate of Proclamation in celebration of her devotion and accomplishments to the city.
On June 28, 2011, the City of Memphis issued a proclamation saying, “Lisa Marie Presley is a humanitarian and philanthropist who continues to focus her efforts on the hometown she knows and loves, Memphis.” She has addressed homelessness, and literacy, and collected funding for local charities and organizations via her work and time.
She raises awareness about Memphis and continues to show what one person can accomplish when they put their minds to it. As a result, I, A.C. Wharton, Jr., Mayor of Memphis, Tennessee, formally commemorate this famous humanitarian and philanthropist’s lifelong contribution.”
Lisa Marie’s Financial Issues
Lisa Marie Presley had dismissed Barry Siegel by 2015. She claimed her former business manager two years later for allegedly squandering $100 million of her riches and leaving her bankrupt. She claimed that the EPE transaction was ill-advised and that he neglected to notify her of the real circumstances of the Presley estate.
In his defense, Barry Siegel claimed that Lisa Marie’s extravagant spending was the true cause of the estate’s significant losses. He also claimed to have had monthly business meetings with her, during which he discussed the evolving situation and continually warned her to keep her spending under control.
Furthermore, Seigel claimed that Lisa’s extravagant spending left her estate $20 million in debt by 2003, which he later refuted. Lisa Marie responded by saying she had no knowledge about the situation of her estate and that if Seigel had told her what was actually going on, she would have curbed her expenditures and instantly decreased his $700,000 pay.
She said that if she had just had access to the estate’s revenue, she could have lived happily on $1.5 to $2.5 million each year. Due to Covid-19, the current legal dispute was put on pause in 2020. Lisa Marie had $16 million in debt, according to court filings from her divorce proceedings with Michael Lockwood in 2018.
Unpaid taxes from 2012 to 2015 accounted for an estimated $10 million of the debt. The remainder of the debt was made up of credit card bills and unpaid attorney expenses. Lisa filed the application after her ex wanted $450,000 in legal expenses.
Conclusion
Lisa Marie Presley was born on February 1, 1968, nine months to the day after her parent’s wedding. Lisa Marie Presley is a -$16 million net worth American actress and singer. In 1988, Lisa Marie Presley married Danny Keough. They divorced in 1994 after two children: Riley Keough (an actress and model) and Benjamin Storm Keough.
