Monday, February 6

Tag: Lisa Marie Presley

Business

Lisa Marie Presley net worth: Losses, lawsuits and Graceland

Lisa Marie Presley, the only child of Elvis and Priscilla Presley who died on Thursday at age 54, leaves behind a rock-and-roll legacy — including a rocky financial path filled with losses and lawsuits over money. Presley, a singer-songwriter like her father, wasn't rich enough to make the Forbes list of highest-paid entertainers, while some celebrity websites even estimated that she may have had a negative net worth at her death. A detailed glimpse of her financial situation emerged in 2018 when she sued her former manager, Barry Siegel, claiming he had mismanaged her finances, resulting in her $100 million trust dwindling to $14,000 in cash by 2016. The lawsuit also claimed Presley had racked up $500,000 in credit card debt, according to Reuters.Starting in 2005, Presley suffered...