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. While she gained a huge name in the music industry, many other factors were left unexplored. The only child of Rock ‘n’ Roll King struggled throughout her life with staying in and out of the spotlight, and in her final years, she also struggled financially. Let’s take a look at Lisa Marie Presley’s net worth after her death.
Born in Memphis, Tennessee, on February 1, 1968, to Elvis and Priscilla Presley, Lisa Marie Presley moved with her mother to Los Angeles after her parents divorced. But she had a frequent stay at Graceland. Her father died when she was just nine. Soon after Elvis’s death, her mother started dating actor Michael Edwards. However, Lisa reported that Edwards sexually abused her when she was between 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 presented a concert in the UK. Later she came up with her album’s first single, which reached No. 8 on the Billboard Hot Adult Top 40 chart. She later came with another album that peaked at the Billboard 200. It was just the beginning of her career. Later she collaborated with various popular singers making her journey lucrative. Lisa Marie Presley’s net worth also peaked by that time.
Lisa Marie married musician Danny Keough in October 1988. The couple had a daughter Riley Keough and a son Benjamin Storm Keough. However, she obtained a quickie divorce in May 1994. Surprisingly, twenty days after her divorce, she married the greatest singer of all time Michael Jackson. She had been a huge 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 a divorce, but Presley cried not to do that. 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 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 couple of years later, she married a fourth time to her guitarist, music director, and producer Michael Lockwood. The couple had twins daughters together. But she again filed for divorce after ten years of being together, after finding child pornography images and videos on his computer.
Is Lisa Marie Presley Alive?
Sadly, Lisa Marie isn’t alive. She died on January 12, 2023. She was found unresponsive in her bedroom. Soon her first husband arrived and performed CPR. Later it was found that she suffered cardiac arrest at her home. But her heart restarted working after performing CPR en route to a hospital. Sadly, she didn’t make it and died at 54. Her mother, Priscilla Presley, revealed this news in public. She last appeared at the 80th Golden Globe Awards. Many stars gave tribute to her and called her a beautiful, soft-spoken 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 into the iconic house. Initially, Presley’s estate was around $5 million, but it lost value over time, and later Lisa decided to renovate it. She turned it into a museum. Later its price turned 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 net worth as she was left with only $14,000 and a debt of around $500,000. Later she sued and fired Siegel for his reckless mismanagement. But he denied the accusations and blamed Lisa for excessive spending. Siegel also mentioned that he counseled her to take action, but she said she didn’t receive any advice.
As per the source, in 2003, she stated she was in debt of $20 million. Not only this, she didn’t have enough money during the time of her divorce from Michael Lockwood. Lisa Marie Presley net worth declined speedily. Even the court documents of her divorce revealed that she owed $16 million due to unpaid taxes, credit card bills, and an attorney. Lockwood also demanded $450,000 for attorney fees. But she was the beneficiary of a trust valued at $65 million.
After Lisa Marie Presley, who will be the beneficiary of her estate and trust? What do you think should she have managed her finances well instead of spending a lot? Comment down your thoughts below. Stay tuned. TechRadar247 will keep you updated.