Singer Lisa Marie Presley was born in the United States. She is the sole heir to her father’s fortune as the only child of Elvis Presley and Priscilla Presley. A music career has developed for Presley, and he has released three albums: To Whom It May Concern in 2003, Now What in 2005, and Storm & Grace in 2012.
The Recording Industry Association of America awarded her debut album with the prestigious Gold disc. Presley has also released singles that are not part of an album. These singles feature duets with her father that were recorded using her father’s pre-death recordings.
Lisa Marie Presley Quick Info
|Birth Place||Memphis, Tennessee, United States|
|Currently, Live In||Los Angeles, California|
|Profession||Singer and Songwriter|
|Debut||Studio Album: To Whom It May Concern (2003)|
|Years Active||1997 – Present|
Lisa Marie Presley Early Life, Family, and Education:
Lisa Marie Presley was born to Priscilla Presley and Elvis Presley on February 1, 1968, at Baptist Memorial Hospital-Memphis in Memphis, Tennessee. She continued to spend considerable time with her father at Graceland despite spending most of her time with her mother in Los Angeles. In 1977, his father passed away.
She attended her first ever rock concert to see Queen at The Forum in Inglewood, California. After some time, she admitted that she enjoyed performing on stage. Michael Edwards, an actor Lisa’s mother began dating after Elvis’ death, is accused of sexually assaulting her when she was 12 to 15 years old.
She dropped out of high school as a junior and began engaging in illicit drug use shortly thereafter. At the age of 17, Presley entered Scientology’s Celebrity Center.
Musical Career of Lisa Marie: How Did She Begin Her Career?
Lisa’s first album, which she released in 2003, was certified gold and peaked at number five on the Billboard 200 albums chart. When it was released on April 5, 2005, her second album, Now What, quickly rose to the top ten on the Billboard 200. On May 15, 2012, she released her third studio album, titled Storm & Grace, which was produced by Academy Award and Grammy winner T Bone Burnett. Her albums were universally adored and critically acclaimed successes.
Lisa Marie recorded a “duet” with Elvis Presley on the 30th anniversary of his death, singing harmony on one of his most well-known songs, “In the Ghetto.” Ex-husband Michael Jackson’s music video for “You Are Not Alone” featured her as well. In addition to George Michael, Pat Benatar, and Richard Hawley, Lisa Marie has collaborated with many other well-known musicians.
What is the Net Worth of Lisa Marie Presley?
According to Celebrity Net Worth, American actress and singer Lisa Marie Presley have a net worth of -$16 million. Lisa Marie Presley is an accomplished singer-songwriter in her own right, but she is probably best known as the daughter and only child of Elvis Presley. The many money problems plaguing the Presley estate she inherited at age 25 are reflected in her negative net worth. We’ll go into greater depth about these money matters later in the article.
Lisa Marie Presley Personal Life: Whom She is Married?
Lisa Marie Presley wed actor Danny Keough in 1988. They married, had two children, and split up in 1994. In 2020, when Benjamin was 27 years old, he took his own life. Almost immediately following her divorce from Keough, Presley wed Michael Jackson.
While she was there for Jackson through some tough times, she still filed for divorce in 1996. After that, Lisa got engaged to musician John Oszajca, only to end the engagement and marry Nicholas Cage instead. It all started with a 2002 wedding for Cage and Presley and ended with a divorce in the same year.
After marrying Michael Lockwood in 2006, she had a set of twins in 2008. After discovering child pornography on Lockwood’s computer, she filed for divorce and sole custody in 2016.
Financial Problems With Lisa Marine Presley?
By the year 2015, Lisa Marie Presley had already fired Barry Siegel. Two years later, she sued her former business manager, claiming that he had spent all of her $100 million fortunes and left her destitute. She claimed his failure to disclose the true financial state of the Presley estate and the EPE deal was negligent.
Barry Siegel, defending himself, said that the estate’s financial woes were due to Lisa Marie’s wasteful spending. In addition, he claimed to have met with her regularly for business purposes, where he briefed her on developments and urged her to rein in her spending. Seigel also amended his earlier claim that Lisa’s extravagant spending had left her estate $20 million in the red by 2003.
Lisa Marie retorted that she was unaware of her estate’s financial state and that had Seigel been honest with her, she would have cut her spending and his $700,000 salary immediately. She claimed that she could have gotten by fine oof$1.5–2.5 million annually from the estate’s income alone if that was all she had been given. It was Covid-19 that put an end to the ongoing legal battle in 2020.
Lisa Marie’s $16 million debt was revealed in 2018 court documents from her divorce from Michael Lockwood. The estimated $10 million in tax debt dates back to the years 2012–2015. Unpaid credit card balances and legal fees made up the rest of the debt. Lisa took legal action after her ex asked for $450,000 to pay for his own lawyers.
Lisa Marine Presley Residency:
Lisa and her family are currently based out of San Francisco. Between 2010 and 2016, they called a Tudor-style manor house in Rotherfield, East Sussex, England home (15 miles east of Saint Hill Manor, the British headquarters of the Church of Scientology).
Lisa purchased a home in Calabasas for $1,8,000,000 in 2020. Ben Keough, her son, shot and killed himself there four months later. After a brief period of ownership, Lisa sold the home in an off-market deal for $2 million.
Lisa also has a mansion in Hidden Hills with a pool, spa, and jacuzzi that are each worth an estimated $8 million on their own.
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Frequently Asked Questions
Is Lisa Marie Still Compensated by Graceland?
According to Lockwood, Lisa Marie has now become financially secure after Graceland reopened following the pandemic and taking into account her cut from the Elvis biopic, as reported by RadarOnline. A judge commanded her to “temporarily pay child support of US$4,500 until a trial later this year,” according to a ruling in June.
How Much Money Did Elvis Presley Give Priscilla Presley?
Priscilla received a $725,000 cash settlement, child support, spousal support, 50% of the proceeds from the sale of their Beverly Hills home, and 5% of the royalties from Elvis’ publishing companies as part of the couple’s divorce on October 9, 1973. They also agreed to share custody of Lisa Marie.
How Much Money Did Elvis Have When He Passed Away?
According to StyleCaster, Elvis is believed to have had a net worth of $5 million at the time of his death, which would be equivalent to $20 million today. Despite having millions of dollars in the bank, it’s believed that the sum was considerably less than what he had made during his career.