American singer-songwriter Lisa Marie Presley is known for her brilliant career and soft heart. She was even the wife of the great Michael Jackson. But Lisa Marie Presley’s net worth was quite shocking at the time of her death. Although she made a big name in the music industry, many other factors remained unexplored. The only child of Rock ‘n’ Roll King struggled her entire life to stay in and out of the limelight, and in her final years she also struggled financially. Let’s take a look at Lisa Marie Presley’s net worth after her death.
Early life
Born in Memphis, Tennessee, on February 1, 1968, at Elvis and Priscilla Presley, Lisa Marie Presley moved to Los Angeles with her mother after her parents divorced. But she regularly stayed at Graceland. Her father died when she was only nine. Shortly after Elvis’ death, her mother began dating actor Michael Edwards. However, Lisa reported that Edwards sexually assaulted her when she was between the ages of 12 and 15.
Lisa Marie Presley Career
Lisa released her debut album on April 8, 2003. It quickly reached No. 5 on the Billboard 200. To promote her song To Whom It May Concern, she performed a concert in the UK. She later came up with the lead single from her album, which reached number 8 on the Billboard Hot Adult Top 40 chart. She later came out with another album that peaked on the Billboard 200. It was just the beginning of her career. She later collaborated with several popular singers which made her journey lucrative. Lisa Marie Presley’s net worth also peaked by this time.
Private life
Lisa Marie married musician Danny Keough in October 1988. The couple had a daughter Riley Keough and a son Benjamin Storm Keough. However, she got a quick divorce in May 1994. Surprisingly, twenty days after her divorce, she married the greatest singer of all time, Michael Jackson. She had been a big fan of his since she was seven. But one of her friends revealed that the couple started their friendship in November 1992. But in January 1996, Presley filed for divorce. Michael Jackson’s makeup artist claimed he was considering filing for divorce, but Presley cried not to. However, she filed for divorce the same day.
In a 2010 interview, Persley revealed that she and Michael Jackson tried to reconcile several times and felt devastated when he died. Later in 2000, Lisa got engaged to musician John Oszajca but she called it off after meeting Nicolas Cage and married him in 2002. But the same year she filed for divorce and announced to remarry Keough. But a few years later she married her guitarist, conductor and producer Michael Lockwood for the fourth time. The couple had twin daughters together. But she filed for divorce again after ten years together, after finding child pornography images and videos on his computer.
Is Lisa Marie Presley still alive?
Unfortunately, Lisa Marie is not alive. She died on January 12, 2023. She was found unconscious in her bedroom. Soon her first husband arrived and performed CPR. It later turned out that she had suffered a cardiac arrest at home. But her heart started working again after performing CPR on the way to a hospital. Unfortunately, she didn’t make it and passed away at the age of 54. Her mother, Priscilla Presley, made this news public. She last appeared at the 80th Golden Globe Awards. Many stars paid tribute to her, calling her a beautiful, gentle lady. Do you want to know how much Lisa Marie Presley’s net worth was at the time of her death? Keep reading.
Lisa Marie Presley: Net Worth
Although Lisa was a popular figure, she had a net worth of around $10 million. Well, there are a few surprising reasons behind this figure. Lisa’s father, Elvis Presley, was notorious for living lavishly. He invested a lot of money in the iconic house. Initially, Presley’s estate cost about $5 million, but it lost value over time and Lisa later decided to renovate it. She turned it into a museum. Later the price changed to $100 million.
Lisa’s business manager Barry Siegel proposed a deal to sell 85% of Elvis Presley Enterprises as they eventually ran out of money. She blamed Siegel for mismanagement. It soon affected Lisa Marie Presley’s net worth as she only had $14,000 left and debt of about $500,000. She later sued and fired Siegel for his reckless mismanagement. But he denied the allegations and blamed Lisa for excessive spending. Siegel also said he advised her to take action, but she said she was not advised.
According to the source, in 2003 she stated that she was $20 million in debt. Not only this, she didn’t have enough money during her divorce from Michael Lockwood. Lisa Marie Presley’s net worth dropped rapidly. Even her divorce court documents showed she owed $16 million in unpaid taxes, credit card bills, and a lawyer. Lockwood also demanded $450,000 for attorney fees. But she was the beneficiary of a $65 million trust.
After Lisa Marie Presley, who will be the beneficiary of her estate and trust? What do you think she should have managed her finances well instead of spending a lot? Comment your opinion below. Stay tuned. TechRadar247 will keep you posted.
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