It is easy to predict from the lifestyle of celebrities that their kids would enjoy a fortune of money. It becomes quite surprising to watch celebrity kids struggling and squandering that money to the extent that their net worth starts drowning negatively. The same is the case with Lisa Marie Presley, who was the only child of music legend Elvis Presley. Fans have always been curious about how much money the late musical icon has left for his heir. We have unveiled everything about the career, lifestyle, and net worth of Lisa Presley and why did she end up with a debt of millions of dollars.
|Lisa Marie Presley
|February 1, 1968
|January 12, 2023
|Elvis Presley and Priscilla Presley
|Danny Keough (1988-1994), Michael Jackson (1994-1996), Nicolas Cage (2002-2004), Michael Lockwood (2006-2016)
|Riley Keough, Benjamin Keough, Harper Vivienne Ann Lockwood, Finley Aaron Love Lockwood
|Singer, songwriter, actress
|To Whom It May Concern (2003), Now What (2005), Storm & Grace (2012)
|American Music Award for Favorite New Artist (2004)
|$100 million (estimated)
Lisa Marie Presley Biography
Lisa Marie Presley was the only child of the King of Rock ‘n’ Roll, Elvis Presley, and the famous actress Priscilla Presley. Elvis Presley has so much work to his credit in the music industry, dubbed the ‘King of Rock and Roll’ and also regarded among the most significant cultural figures of the 20th century. Lisa was born on February 1, 1968, in Los Angeles, California. The couple got divorced when Lisa was only five years old. Lisa was only nine years old when Elvis Presley died, leaving a huge net worth for his only kid, Lisa Marie Presley. On January 12, 2023, Lisa suffered from cardiac arrest in California and was taken to the hospital, where she couldn’t survive and left the world.
Lisa was not as rich as her father, and some reports even claim that her net worth was negative at the time of her death. Although she was a singer and copywriter like her father, she was not as popular and rich as her father. Some reports also suggest that she was drowning in a huge debt of almost $17 million, but his ex-husband claims that she was using her debt as a reason for not paying him for child and spousal support.
Lisa Presley Career
Following the footsteps of her late father, Lisa Presley started her career in music and released her debut album in the year 2003 titled ‘To Whom It May Concern’ in which she tribute to her father through a song. It is said that Lisa worked for almost a decade on her debut album. The album even trended on the Billboard 200 album chart securing the 5th spot. Following the success of her debut album, Lisa started working on her second music album, Now What, which earned her commercial and critical success. For her third album, she approached Grammy winner music producer T Bone Burnett and released her album Storm & Grace. The album once again became a hit and was regarded as its best work of Lisa.Following the footsteps of her late father, Lisa Presley started her career in music and released her debut album in the year 2003 titled ‘To Whom It May Concern’ in which she tribute to her father through a song. It is said that Lisa worked for almost a decade on her debut album. The album even trended on the Billboard 200 album chart securing the 5th spot. Following the success of her debut album, Lisa started working on her second music album, Now What, which earned her commercial and critical success in the entertainment industry. For her third album, she approached Grammy winner music producer T Bone Burnett and released her album Storm & Grace. The album once again became a hit and was regarded as its best work of Lisa.
Lisa Marie appeared in Michael Jackson’s ‘You are not alone’ video in 1995. She also collaborated with Billy to create a song titled ‘Savior.’ She also joined Richard Hawley on the London stage and made fans gaga over her live performance.
Lisa gained popularity for the unique style she provided to the lyrics, which also helped her achieve a prolific career in music. Her sensational vocals and melodious voice earned her a huge fan following. She was honored with various awards for her music industry achievements and considered this popularity a big achievement of her life.
Lisa Presley’s Personal Life
Although Lisa was a successful music celebrity, her personal life could have been more successful. As she was closer to her father, Elvis, his death was a huge loss in her life. Lisa was married and divorced four times, showing that she was not much happier in her relationships with her spouses.
Lisa married Danny Keough in October 1988 and had two kids. Her marriage to the late pop singer Michael Jackson shocked everyone as she got married only 20 days after her first divorce. She couldn’t stay together for longer and got divorced in 1996. 2002 she married Nicolas Cage, but just like her previous two marriages, this marriage couldn’t survive, and the couple divorced in 2004.
On July 12, 2006, Lisa Marie Presley married her guitarist friend, Michael Lockwood, and welcomed twin daughters. Lisa and Michael Lockwood ended their relationship in 2021. Her son Benjamin Keough, who was from her first marriage, died in California on July 12, 2020, and his death shocked Lisa a lot. On January 12, 2023, Lisa suffered a cardiac arrest and was hospitalized. Lisa couldn’t survive the cardiac attack and left the world the same day. The news of her death was announced by the Presley family, who thanked her fans for their condolences.
Lisa Presley Net Worth
Lisa Presley inherited the entire fortune of Elvis Presley when she was 25. The inheritance she acquired was worth around $100 million, but she was never responsible for carefully managing her finances. She was accused of spending lavishly, which made her net worth drown rapidly between the years 2005 and 2015.
Lisa also made her manager, Seigel, accountable for robbing her finances and mismanaging her assets, making her suffer a debt of various million dollars. She also filed a lawsuit against Barry Seigel for squandering her money and never informing her about the Presley estate. In contrast, Seigel claimed that it was the excessive spending habit of Lisa Presly that was the cause behind this massive loss. He even added that Lisa’s careless decisions made her estate suffer with a debt of $20 million by the end of 2023. Moreover, her ex-husband Michael Lockwood demanded $450,000 to cover his own proceedings in the divorce case.
Lisa Marie Presley owns her father’s iconic enormous property Graceland which generates $150 million in revenue annually. In 1993, Lisa bought two properties worth millions of dollars in California. Later in 2010, she bought her property for just $5 million. In March 2020, Lisa bought a home in Calabasas for $1.8 million but later sold it for $2 million in 2022. Lisa earned a huge amount from her recorded work for many years. She had three daughters, but no one knows who will acquire the property left by Lisa Presley. It is said that she owned 15% of Elvis Presley Enterprise at the time of her death. Besides inheriting a huge fortune from her father and enjoying a lavish music career, Lisa Marie Presley’s net worth was $-16 million at the time of her death. These results are quite shocking for everyone, but the cause behind this enormous downfall is still not confirmed by any of the resources.
Frequently Asked Questions (FAQs)
Where was Lisa Presley born?
Lisa Presley was born in Memphis, Tennessee.
What was the eye color of Lisa Presley?
The eye color of Lisa Presley was Blue.
What was the hair color of Lisa Presley?
The hair color of Lisa Presley was dark brown.
At what age did Lisa die?
Lisa died at the age of 54.
At what age did Elvis Presley die?
Elvis Presley died at the age of 42.
How much fortune did Lisa inherit from Elvis Presley?
Lisa Presley inherited a net worth of $100 million from her father.
How many siblings did Lisa have?
Lisa Marie Presley had one brother named Navarone Garibaldi.
How many kids did Lisa Presley have?
Lisa Presley gave birth to 4 kids, including 3 daughters and 1 son. Her son died in 2020, aged 25.
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