Lisa Marie Presley is an American singer-songwriter. She’s the child of Elvis and Priscilla, and she also introduced the only album to go Gold with the Recording Industry Association of America.
Her interpretations of her father’s songs were well-received, and she released non-album singles in collaboration with other well-known artists as well.
Liza Marie Presley Early Life
Lisa Marie Presley was born on February 1, 1968, in Memphis, Tennessee. This was her first time meeting the rest of the world. She was named after the mother of Elvis Presley. Lisa moved in with her mother after Priscilla Presley and Elvis Presley broke up. It was not long after Elvis had died.
Career Of Lisa Marie Presley
Lisa Marie Presley’s first studio album came out in 2003 and was called “To Whom It May Concern”. In 2005, she released the next single, which was called “Now What.” In addition to the success of her first album, her second album also did well in the market.
The following year, in 2012, her third studio album, called “Storm & Grace,” came out. In addition to her work as a solo artist, Presley has worked with other well-known musicians like Kylie Minogue, Michael Buble, and Coldplay, among others, on a number of projects.
She has also been in music videos for songs by Michael Jackson and other artists.
Lisa Marie Presley’s Personal Life
In 1988, they tied the knot. They had a successful marriage and child-rearing partnership till the year 1994. In the year 2020, when Benjamin was 27 years old, he passed away. Keough and Michael Jackson got married after Elvis Presley and her divorce.
Though she had helped Michael Jackson with a number of personal issues, she ended up divorcing him in 1996. Lisa dumped guitarist John Oszajca for actor Nicholas Cage. She had Nicholas Cage in mind at first. Nick Cage mugshot. After only a year of marriage, Cage and Presley split up in 2002.
She wed Michael Lockwood in 2006, and the couple later welcomed twins (2008). She eventually filed for divorce from Lockwood in 2016 after discovering child exploitation content on his computer. They staged their breakup to gain more time together. The admission was made in 2016 documents.
Liza Marie Presley’s Net Worth
Lisa Marie Presley is $16 million in debt. Lisa Marie Presley is an accomplished musician and the only child of Elvis Presley.
Her financial situation has worsened as a result of issues over the Presley estate, which she inherited when she was 25 years old. In the event that you need financial guidance in the future, you can consult this essay.
In the past, she was romantically involved with Michael Jackson, and she is also well-known for her participation in the religion of Scientology.
Lisa’s father abruptly left the family when she was 9 years old. Elvis was notorious for being irresponsible with his money and living beyond his means. Because of these incidents, his reputation took a hit. The “King of Rock and Roll,” Elvis Presley, had Colonel Tom Parker take fifty percent of his concert earnings.
Parker was given a percentage of Elvis’s earnings. The $5 million value of Elvis Presley’s estate at the time of his passing is equivalent to around $14 million now. In the year before his death, Elvis had amassed an estate worth approximately $5 million.
Upon her husband’s death, Priscilla became the sole executor of his estate, and Lisa was the only beneficiary. Lisa Marie had just turned nine years old when the dreadful thing occurred. After taxes and other expenses, Priscilla stated Lisa would only receive $1 million.
She arrived at this conclusion after giving the estate a lot of thought. She wasted little time in repairing the estate’s hazardous circumstances. She settled all of her financial obligations four days after transforming Graceland, Elvis Presley’s childhood home, into a museum.
The fact that she established a museum at Graceland is significant. It’s finally open to the public, so go ahead and plan your trip to Graceland. When Lisa was 25 years old, her affluent father gave her $100 million. Using today’s prices, that’s close to $295 million.
She didn’t want the money going into her hands, so she established a revocable living trust and appointed Barry Seigel as trustee. Seigel sold 85% of Elvis Presley Enterprises in February 2005, the company that managed Elvis’s image rights and the revenue they generated.
Elvis Presley Enterprises handled all of Elvis’ financial matters. After paying her fair share of taxes, Lisa Marie only received $40 million from her $100 million EPE. So it wasn’t all awful, because the sale included $25 million worth of American Idol stock.
By 2015, all funds had been used. Lisa’s extravagant spending was a factor, but so were the salaries of financial advisors like Seigel (who averaged $700,000 annually). Because of Lisa’s expenditures, this happened.
While Lisa bears some responsibility, most of the fault lies with Seigel and the other upper-level management. Lisa Marie’s trust fund balance is only $14,000. Her credit card debt apparently exceeds $500,000.
Priscilla Presley and Elvis Presley.
February 1st, 1968.