{"id":42368,"date":"2023-01-16T04:46:36","date_gmt":"2023-01-16T04:46:36","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/lisa-marie-presley-net-worth-losses-lawsuits-and-graceland\/"},"modified":"2023-01-16T04:46:36","modified_gmt":"2023-01-16T04:46:36","slug":"lisa-marie-presley-net-worth-losses-lawsuits-and-graceland","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/lisa-marie-presley-net-worth-losses-lawsuits-and-graceland\/","title":{"rendered":"Lisa Marie Presley net worth: Losses, lawsuits and Graceland"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<p>Lisa Marie Presley, the only child of Elvis and Priscilla Presley who <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/lisa-marie-presley-dies-age-54-elvis-presley-daughter\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"noopener\">died on Thursday<\/a><\/span> at age 54, leaves behind a rock-and-roll legacy \u2014 including a rocky financial path filled with losses and lawsuits over money.\u00a0<\/p>\n<p>Presley, a singer-songwriter like her father, wasn&#8217;t rich enough to make the Forbes list of highest-paid entertainers, while some celebrity websites even estimated that she may have had a <a href=\"https:\/\/www.celebritynetworth.com\/richest-celebrities\/singers\/lisa-marie-presley-net-worth\/\" target=\"_blank\" rel=\"nofollow noopener\">negative net worth<\/a> at her death.\u00a0<\/p>\n<p>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, <a href=\"https:\/\/www.reuters.com\/article\/us-people-lisamariepresley\/deeply-indebted-lisa-marie-presley-and-manager-in-dueling-lawsuits-idUSKCN1G800F\" target=\"_blank\" rel=\"nofollow noopener\">according<\/a> to Reuters.<\/p>\n<p>Starting in 2005, Presley suffered an &#8220;11-year odyssey to financial ruin,&#8221; the lawsuit claimed. &#8220;Lisa has been damaged in an amount that has not yet been fully ascertained, but is believed to be in excess of $100 million.&#8221;<\/p>\n<aside class=\"newsletter_signup \">\n<figure class=\"embed embed--type-newsletter-widget embed--float-none embed--size-large embed--type-iframe\" data-ads=\"{\" wordcount=\"\">\n<\/figure>\n<\/aside>\n<p>The suit followed her 2021 divorce from musician Michael Lockwood. During the divorce proceedings, Presley claimed she was <a href=\"https:\/\/www.tmz.com\/2018\/02\/16\/lisa-marie-presley-massive-debt-taxes-16-million-dollars\/\" target=\"_blank\" rel=\"nofollow noopener\">$16 million in debt<\/a>, with most of that stemming from unpaid taxes, according to TMZ.<\/p>\n<p>Presley blamed the root cause of her financial woes on a 2005 deal to sell an 85% stake in the Elvis Presley Estate (EPE) to CKX, an entertainment company that also owned the &#8220;American Idol&#8221; television show.<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\"><span class=\"img embed__content\"><img alt=\"US-ENTERTAINMENT-PRESLEY \" height=\"467\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets2.cbsnewsstatic.com\/hub\/i\/r\/2023\/01\/13\/d824d100-4149-4777-8326-8398c5a68f18\/thumbnail\/620x467\/3aede7d888eb90f695d5697962ad2844\/gettyimages-1246191031.jpg 1x, https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2023\/01\/13\/d824d100-4149-4777-8326-8398c5a68f18\/thumbnail\/1240x934\/863adb1ac5518ddb692209023752c061\/gettyimages-1246191031.jpg 2x\"\/><\/span><figcaption class=\"embed__caption-container\"><span class=\"embed__caption\">Singer and actress Lisa Marie Presley arrives for the premiere of &#8220;Mad Max: Fury Road&#8221; at the Chinese theatre in Hollywood, California, on May 7, 2015.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>            CHRIS DELMAS\/AFP via Getty Images<\/p>\n<p>                      <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>To be sure, Presley didn&#8217;t come away empty handed from the deal: She received $50 million plus stock in CKX, along with keeping a 15% interest in EPE, as well as the title to Graceland, Elvis Presley&#8217;s estate that is now a tourist attraction, the Associated Press <a href=\"https:\/\/www.latimes.com\/archives\/la-xpm-2005-aug-11-fi-graceland11-story.html\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a> at the time. CKX was later <a href=\"https:\/\/www.theguardian.com\/media\/2011\/may\/10\/apollo-global-management-buys-ckx\" target=\"_blank\" rel=\"nofollow noopener\">sold<\/a> to Apollo Global Management for $509 million.<\/p>\n<p>But Presley&#8217;s suit claimed that Siegel put his own financial interests ahead of her own, alleging he bought a $9 million English home using the trust&#8217;s money yet putting that stake at risk when he wasn&#8217;t able to pay for a $6.7 million balloon payment, the Memphis Commercial Appeal <a href=\"https:\/\/www.commercialappeal.com\/story\/news\/2018\/02\/23\/lisa-marie-presley-says-shes-broke-and-her-former-business-manager-blame\/367159002\/\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a>.<\/p>\n<p>Meanwhile, Siegel countered in his own lawsuit that Presley&#8217;s financial problems were due to her own missteps. The litigation claimed she had &#8220;twice squandered&#8221; her inheritance and blamed her &#8220;spendthrift ways,&#8221; Reuters said.<\/p>\n<p>But Presley remained the sole owner of Graceland, the Memphis Commercial Appeal <a href=\"https:\/\/www.commercialappeal.com\/story\/news\/local\/2022\/06\/02\/graceland-elvis-presley-history-trivia\/9810757002\/\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a>. And her 15% stake in EPE likely continues to generate a steady income, given that Elvis Presley is ranked as the No. 4 top-earning dead celebrity in 2022, according to Forbes.\u00a0 Her father&#8217;s estate could generate annual revenue of as much as $110 million, the magazine estimated.\u00a0<\/p>\n<p>    <!-- data-recirc-source=\"chartbeat\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">Trending News<\/h3>\n<\/p>\n<\/aside>\n<p><!-- tags -->\n    <\/div>\n\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiUGh0dHBzOi8vd3d3LmNic25ld3MuY29tL25ld3MvbGlzYS1tYXJpZS1wcmVzbGV5LWRpZXMtd2VhbHRoLW5ldC13b3J0aC1ncmFjZWxhbmQv0gFUaHR0cHM6Ly93d3cuY2JzbmV3cy5jb20vYW1wL25ld3MvbGlzYS1tYXJpZS1wcmVzbGV5LWRpZXMtd2VhbHRoLW5ldC13b3J0aC1ncmFjZWxhbmQv?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2014 including a rocky financial path filled with losses and lawsuits over money.\u00a0 Presley, a singer-songwriter like her father, wasn&#8217;t rich enough to make the Forbes list of highest-paid entertainers, while some &hellip;<\/p>\n","protected":false},"author":1,"featured_media":42369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42368"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=42368"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/42369"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=42368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=42368"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=42368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}