Lisa Marie Presley (February 1, 1968 – January 12, 2023) was an American singer and the only child of Elvis Presley and Priscilla Presley. As the sole heir to her father’s estate, she released three studio albums: To Whom It May Concern (2003), Now What (2005), and Storm & Grace (2012), with To Whom It May Concern achieving gold certification.
Presley also released non-album singles and duets with her father using archival recordings. Her memoir, From Here to the Great Unknown, is set for release in October 2024.
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Lisa Marie Presley Net Worth
At the time of her death, Lisa Marie Presley had a net worth of -$10 million. By 2015, she had fired her business manager, Barry Siegel, and later sued him for allegedly mismanaging her $100 million fortune, claiming he failed to disclose the true state of her estate.
Following her death, it was reported that Presley had three life insurance policies, which would pay a total of $35 million to her three surviving daughters.
Early life
Lisa Marie Presley was born in Memphis, Tennessee, the only child of Elvis and Priscilla Presley. After her parents’ divorce, she lived with her mother in Los Angeles but frequently visited her father at Graceland.
Following Elvis’s death in 1977, she became co-heir to his estate with her grandfather and great-grandmother. Upon their deaths, she inherited the estate at 25, which was valued at $100 million. Presley sold 85% of the estate in 2004. She also made a posthumous duet video with her father in 1997.
Career
Lisa Marie Presley released her debut album To Whom It May Concern on April 8, 2003, which reached No. 5 on the Billboard 200 and was certified gold. Her second album, Now What (2005), hit No. 9 on the Billboard 200.
Presley’s third album, Storm & Grace (2012), was noted for its rootsy sound and mature style. In 2007, she released a duet version of “In the Ghetto” with her father. In 2018, she appeared on the compilation Where No One Stands Alone, featuring duets with Elvis Presley.
Personal life
Lisa Marie Presley married Danny Keough on October 3, 1988, and they had two children: Riley Keough and Benjamin Storm Keough, who died in 2020. Presley divorced Keough in May 1994 and married Michael Jackson later that month. They divorced in January 1996.
Presley married Nicolas Cage in 2002, but their marriage ended in 2004. In January 2006, she wed Michael Lockwood, with whom she had twin daughters in 2008. Presley divorced Lockwood in May 2021 after a legal battle involving allegations of inappropriate images. Her daughter Riley married Ben Smith-Petersen in 2015 and has a daughter, Tupelo, born in 2022.
What caused Lisa Presley’s death?
Lisa Marie Presley suffered cardiac arrest at her Calabasas home on January 12, 2023, and despite CPR reviving her on the way to West Hills Hospital, she died later that day at 54. Her last public appearance was at the 80th Golden Globe Awards with her mother.
Her memorial service at Graceland, attended by hundreds and watched by over 1.5 million online, was held at her final resting place beside her son Benjamin and near her father Elvis. Attendees included Axl Rose, Billy Corgan, and Sarah, Duchess of York.
Conclusion
Lisa Marie Presley’s life was a blend of fame, fortune, personal challenges, and tragedies. Her net worth’s trajectory is a testament to the complexities of wealth, especially when inherited. Her legacy, however, goes beyond financial figures, as she leaves behind a rich tapestry of life experiences and contributions to the music industry.
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FAQs about Lisa Marie Presley Net Worth
- How did Lisa Marie Presley lose her fortune?
- While she inherited a significant amount, mismanagement, legal battles, and other financial challenges contributed to her negative net worth.
- Did Lisa Marie benefit from Graceland’s earnings?
- Yes, Graceland’s transformation into a tourist attraction under Priscilla Presley’s guidance significantly increased the estate’s value.
- Was Lisa Marie’s net worth impacted by her marriages?
- Multiple high-profile marriages and divorces could have had financial implications, though specifics vary.
- How did Lisa Marie contribute to the music industry?
- Beyond her lineage, Lisa Marie released several albums and singles, making her mark as a singer and songwriter.
- What is the future of Elvis Presley’s estate?
- With Lisa Marie’s passing and her financial difficulties, the future management and ownership of the estate remain to be seen.
