Great singer and songwriter Lisa Marie Presley are best recognized for being the prodigal daughter of an icon. She is Elvis Presleys legendary daughter. She is also renowned for running afoul of the law. Three arrests have been made for her. For almost ten years, she has been in battle with the Internal Revenue Service.
She belongs to the group of women with a negative net worth. She is, in fact, one of the few people with a negative net worth. Lisa Marie Presley is her name.
In midtown Memphis, Tennessee, at Baptist Memorial Hospital-Memphis, Lisa Marie Presley was born on February 1, 1968, to Priscilla Presley and Elvis Presley. After her parents got divorced, she lived with her mother in Los Angeles, California, and frequently went to see her father at Graceland.
In 1977, he lost his father. She attended her first rock performance at The Forum in Inglewood, California, where Queen was performing. Later, she admitted to loving theater. It is alleged that Lisa was sexually raped by Michael Edwards, an actor her mother started seeing after Elvis death when she was between the ages of 12 and 15.
Lisa Marie Presleys Net Worth
The American actress and singer Lisa Marie Presley has a net worth of $16 million. Although Lisa Marie is most known as the only child and daughter of Elvis Presley, she is also a talented singer-songwriter in her own right. She inherited the Presley estate when she was 25 years old, and as a result, she has a negative net worth as a result of numerous financial problems.
This post will go into more detail about these monetary problems later. She is also recognized for having previously belonged to the Church of Scientology and for having wed Michael Jackson.
Lisa Marie Presleys musical career officially began with the 2003 publication of her debut album, To Whom It May Concern. The album was certified gold after making the Billboard list thanks to domestic sales. The albums debut on the Billboard 200 list at position five was aided by favorable reviews.
However, she did do her first performance on the 20th anniversary of her fathers passing, singing Dont Cry with him in the background. In 2005, Lisa Marie Presleys Now What album, her second, was made available. The success of the album led to the publication of her third album, Storm and Grace, which turned out to be one of her best albums.
Danny Keough and Lisa Marie Presley got hitched in 1988. Before getting divorced in 1994, they had two kids. Benjamin, their son, committed suicide in 2020 when he was just 27 years old. Presley married Michael Jackson shortly after divorcing Keough. She filed for divorce in 1996, despite the fact that she assisted Jackson with a variety of personal concerns. Later, Lisa got engaged to a singer named John Oszajca but broke it off to marry Nicholas Cage. 2002 saw the marriage of Cage and Presley and their subsequent divorce.
She wed Michael Lockwood in 2006, and she gave birth to twins in 2008. She claimed that child pornography had been found on Lockwoods computer in her divorce petition and request for exclusive custody of the kids from him in 2016.
Financial Issues with Lisa Marie
Barry Siegel had lost his job by the end of 2015. She sued her former business manager two years later after alleging that he had wasted $100 million of her assets, leaving her penniless. She said that the EPE acquisition was a bad idea and that he failed to tell her the truth about the Presley estates actual status.
Barry Siegel argued in defense of himself that Lisa Maries extravagant spending practices were the true cause of the estates substantial losses. In addition, he asserted that they had monthly business meetings during which he updated her on the situation and continuously urged her to watch her expenditures. In addition, Seigel claimed that Lisas extravagant spending practices had really left her estate $20 million in the hole by 2003, which he addressed.