Lisa Marie Presley has an estimated net worth of around -$1 million. She is the only child of the legendary singer Elvis Presley and actress Priscilla Presley. Born on February 1, 1968, Lisa Marie grew up in the spotlight as part of one of music’s most famous families.
As a singer and songwriter herself, she released several albums that showcased her unique style. Besides her music career, Lisa also inherited her father’s estate, which significantly contributed to her wealth. Her life has been filled with ups and downs but always remains connected to her father’s legacy. Understanding her net worth gives insight into how she navigated fame and fortune throughout the years.
Inheritance and Initial Wealth
When Lisa Marie turned 25 in 1993, she inherited her father Elvis Presley’s estate. At that time, the estate’s value ranged between $100 million to $120 million. Her mother, Priscilla Presley, played a key role in increasing this value by transforming Graceland into a popular tourist spot.
Financial Transactions and Losses
In 2005, Lisa sold an 85% stake in Elvis Presley Enterprises (EPE) to CKX for $100 million. She kept a 15% stake in EPE along with ownership of Graceland. However, this deal led to significant financial losses over time.
Net Worth and Income Sources
At the time of her death on January 12, 2023, Lisa Marie Presley’s net worth was estimated at around -$10 million. This negative figure stems from years of financial mismanagement and high spending.
Lisa Marie was the only child of Elvis Presley, who passed away in 1977. She inherited his estate when she turned 25 years old in 1993. At that time, the estate had a value between $100 million and $120 million. Her mother, Priscilla Presley, helped increase its value by turning Graceland into a popular tourist spot.
In 2004, Lisa sold an 85% stake in Elvis Presley Enterprises (EPE) for about $100 million. This deal allowed her to keep a small part of EPE and ownership of Graceland but led to significant financial losses later on.
Throughout her life, Lisa pursued music, releasing several albums that contributed to her income. However, expenses related to personal matters affected her overall net worth significantly over time.
Wiki Biography
| Attribute | Details |
|---|---|
| Full Name | Lisa Marie Presley |
| Date of Birth | February 1, 1968 |
| Place of Birth | Memphis, Tennessee, USA |
| Parents | Elvis Presley and Priscilla Presley |
| Net Worth at Death | Estimated between -$10 million to -$16 million |
| Inheritance Age | Inherited father’s estate at age 25 in 1993 |
| Initial Estate Value | Approximately $100 million (about $220 million today) |
| Business Manager | Barry Siegel |
| Financial Issues Noted | Mismanagement leading to losses |
| Credit Card Debt by 2018 | Over $500,000 |
Lisa Marie Presley was the only child of famous singer Elvis Presley and actress Priscilla Presley. She faced financial challenges throughout her life despite a strong start with an inheritance from her father. After turning 25, she took control of his estate worth about $100 million back then.
She appointed Barry Siegel as her business manager. However, she later claimed that he mismanaged her finances. By 2018, she had only $14,000 left in her trust and over half a million dollars in credit card debt.
These details show how financial choices greatly impacted Lisa’s life and net worth.
Early Life and Education
Lisa Marie Presley, born on February 1, 1968, in Memphis, Tennessee, grew up as the only child of Elvis Presley and Priscilla Presley. From a young age, she lived in a famous household, which shaped her early experiences.
During her childhood, Lisa spent time at Graceland, her father’s iconic home. This mansion became an important part of her life and later her legacy. She attended several schools while growing up but faced challenges due to her family’s fame.
At age 9, Lisa experienced the loss of her father when Elvis passed away in 1977. This event had a profound impact on her life and influenced many decisions she made later on. Despite this tragedy, she pursued music and began writing songs as a teenager.
Lisa graduated from high school in 1986. Afterward, she focused on building her career in music rather than pursuing traditional college education. Her passion for singing led to several album releases throughout the years, allowing her to express herself creatively while honoring her family’s musical legacy.
Career Highlights
Lisa Marie Presley had a varied career that showcased her talents as a singer and songwriter. She released three albums:
- “To Whom It May Concern” (2003)
- “Now What” (2005)
- “Storm & Grace” (2012)
Her first album, “To Whom It May Concern,” debuted at number 5 on the Billboard 200, highlighting her success in the music industry. The album included songs like “Lights Out,” which gained popularity and received positive reviews.
In addition to her music career, Lisa Marie made appearances in films and television shows. She featured in movies such as “The Other Side” and appeared on popular TV series like “American Idol.”
Lisa also took control of her father Elvis Presley’s estate when she turned 25, significantly impacting its management. Under her direction, Graceland became a major tourist destination, attracting millions of visitors each year.
Despite facing financial challenges later in life, Lisa’s contributions to music and entertainment remain significant. Her efforts helped keep the legacy of Elvis Presley alive while allowing her to carve out her own path in the industry.
Age, Height, Weight, and Physical Appearance
Lisa Marie Presley was born on February 1, 1968, and passed away on January 12, 2023, making her 54 years old at the time of her death. Details about her height and weight are not widely available. However, she had a distinct appearance that reflected her family’s legacy.
Lisa’s physical appearance included long brown hair and striking features often associated with her father, Elvis Presley. She maintained a unique style throughout her life that blended classic Hollywood glam with modern fashion trends.
Despite facing various challenges in life, Lisa Marie’s presence remained strong in both music and public appearances.
Spouse and Relationship Status
Lisa Marie Presley had four marriages throughout her life. Each relationship brought its own challenges and successes.
- Danny Keough: Lisa married musician Danny Keough in 1988. They had two children together, a daughter named Riley and a son named Benjamin. The couple divorced in 1994 but maintained a friendship for the sake of their kids.
- Michael Jackson: In 1994, Lisa Marie wed famous pop singer Michael Jackson. Their marriage lasted only about two years, ending in divorce in 1996. This high-profile union attracted much media attention but did not last long.
- Nicolas Cage: Lisa married actor Nicolas Cage in August 2002 after just a few months of dating. However, this marriage ended quickly as they filed for divorce less than three months later.
- Michael Lockwood: Her fourth marriage was to guitarist Michael Lockwood in January 2006. They had twin daughters together, Finley and Harper, born in October 2008. However, this relationship also faced difficulties; they separated in June 2016 and finalized their divorce in May 2021.
Throughout her relationships, Lisa dealt with both love and heartache while raising her children and managing her career.
Personal Life & Family
Lisa Marie Presley, born February 1, 1968, in Memphis, Tennessee, came from a famous lineage. She was the only child of Elvis Presley, the legendary singer, and Priscilla Presley, an actress known for her role in “Dallas.” Growing up in such a well-known family shaped her life significantly.
At age 25, Lisa inherited her father’s estate. In 1993, that estate was valued at around $100 million to $120 million. Her mother played an important role in making Graceland—a historic mansion—into a popular tourist spot. This helped increase its value over time.
Despite this wealth, financial troubles followed Lisa throughout her life. After selling 85% of Elvis Presley Enterprises (EPE) to CKX for $100 million in 2005, she faced significant challenges with money management and personal spending. By 2018, reports showed that she had just $14,000 left in her trust while also carrying over $500,000 in credit card debt.
Lisa married four times during her life. She first married musician Danny Keough in 1988 and had two children with him: daughter Riley and son Benjamin. They divorced in 1994 but maintained a friendship after their separation.
Her second marriage was to pop icon Michael Jackson from 1994 to 1996; it lasted only two years. In July 2002, she married actor Nicolas Cage but split less than three months later.
In October 2006, Lisa married guitarist Michael Lockwood and welcomed twin daughters named Finley and Harper. However, they separated in February 2016, finalizing their divorce by August 2021.
Through all these relationships and struggles with finances, Lisa Marie remained dedicated to raising her children while honoring the legacy of her father through music and business ventures.
Conclusion
Lisa Marie Presley’s financial journey reflects a complex interplay of legacy and personal choices. Despite her initial wealth from her father’s estate, mismanagement and excessive spending led to significant financial struggles. Her efforts in music and film showcased her talent while allowing her to honor Elvis’s legacy.
Throughout her life, Lisa faced numerous challenges yet remained dedicated to preserving her family’s name. Her story serves as a reminder of the impact that personal decisions can have on one’s financial well-being. While she may have encountered hardships, her contributions to entertainment will continue to resonate with fans for years to come.
Frequently Asked Questions
What was Lisa Marie Presley’s net worth at the time of her death?
Lisa Marie Presley’s net worth was estimated to be between -$10 million to -$16 million at the time of her death in January 2023, primarily due to financial mismanagement and personal spending issues.
How did Lisa Marie Presley inherit Elvis’s estate?
Lisa Marie inherited Elvis Presley’s estate when she turned 25 years old in 1993. At that time, the estate was valued between $100 million to $120 million.
What music albums did Lisa Marie Presley release?
Lisa Marie released three albums: “To Whom It May Concern” (2003), “Now What” (2005), and “Storm & Grace” (2012). Her debut album reached number 5 on the Billboard 200 chart.
Who managed Lisa Marie’s finances after she inherited her father’s estate?
After inheriting her father’s estate, Lisa appointed Barry Siegel as her business manager. However, she later claimed that he mismanaged her finances.
How many times was Lisa Marie Presley married?
Lisa Marie Presley was married four times. Her marriages included Danny Keough, Michael Jackson, Nicolas Cage, and Michael Lockwood.
Did Lisa Marie have children?
Yes, Lisa Marie had four children: two with Danny Keough—Riley and Benjamin—and twin daughters with Michael Lockwood—Finley and Harper.
What impact did Elvis’s death have on Lisa Maria Presley’s life?
Elvis’s death profoundly impacted Lisa when she was just nine years old, influencing many of her decisions throughout life and shaping her career path in music.
Why is Graceland significant with Lisa Marie Presley?
Graceland is significant because it is both a cherished family home and a major tourist attraction. Under Lisa’s management, it became a popular destination for fans of Elvis Presley.
How did financial issues affect Lisa Maria Presley’s lifestyle?
Financial mismanagement led to substantial debt for Lisa; by 2018, she reported having only $14,000 left in her trust alongside over $500,000 in credit card debt.
What were some notable appearances outside of music for Lisa Maria Presley?
Besides music, she appeared on television shows such as “American Idol” and starred in films like “The Other Side,” showcasing her versatility beyond singing.
