リサ・マリー・プレスリーの死時の財産＝一千万ドルの借金！
What was Lisa Marie Presley's Net Worth?
Lisa Marie Presley was an American actress and singer who had a net worth of
-$10 million at the time of her death. Tragically, Lisa Marie Presley died on January 12, 2023 after suffering from a cardiac arrest. She was 54 years old. Lisa Marie was the only child born to Elvis Presley. Like her father, she was an accomplished singer-songwriter in her own right. She was also known for being a former member of the Church of Scientology, and for her marriages to Michael Jackson and Nicolas Cage.
You are probably wondering how Lisa Marie's net worth could have been negative at the time of her death. According Lisa herself in recent years, she was drowning in as much as $17 million worth of debt. An ex husband claimed that in reality Lisa had access to much more wealth, and that she was using her debt as a ploy to not pay him significant child and spousal support. Below is a quick summary of Lisa's financial history from the age of 9 up to her death. We go into much more detail later in this article.
Elvis died in 1977 at the age of 42.
He left his entire estate to Lisa Marie. She was 9 years old at the time. After years of profligate spending, and being bilked by his longtime manager Colonel Tom Parker, Elvis was much less rich than you might assume. At the time of his death, Elvis was worth $5 million.
After various estate taxes, debts and other fees, the total amount left to Lisa was just $1 million.
That's the same as around $5 million in today's dollars. Since she was just 9, Lisa's mother Priscilla acted as sole executor of the estate for the next 16 years. Lisa inherited the full estate in 1990 on her 25th birthday.
Thanks to her mother's savvy financial maneuvering, Lisa ended up inheriting $100 million, which is the same as around $220 million today. As we detail later in this article, Lisa eventually sued a former business manager alleging that he squandered most of her massive fortune. She claimed in a lawsuit that the trust fund had been whittled down to just $14,000 by 2015. The business manager blamed Lisa Marie's own profligate spending which had apparently pushed her estate in debt to the tune of $20 million by 2003, which he then had to dig her out of. Her lawsuit against the former business manager was put on hold due to COVID.
During a 2018 divorce court showdown Lisa claimed to be in debt to the tune of $16 million, including $1 million owed to the IRS. Lisa's court filings claimed she controlled $714,775 worth of stocks and bonds and kept $85,266 in cash in a bank account. She further claimed to have roughly $92,000 worth of monthly expenses including $23,500 for rent and $1,700 for the car payment on a Maserati.
At the same time, ex-husband of 10 years Michael Lockwood alleged that Lisa received around $100-200,000 per month from the Elvis Presley Enterprises trust. Lockwood further claimed that Lisa was exaggerating about her true financial picture and that in reality she still controlled a very valuable trust that could be worth as much as $65 million and continued to own 15% of Elvis Presley Enterprises. Lisa also owned Graceland itself. As we detail later in this article, owning Graceland has also been somewhat of a blessing and a curse, financially. Lisa and Michael Lockwood's divorce was finalized in March 2021 but a year later Lockwood demanded Lisa provide tax returns to the court because he believed she had secretly received $3-4 million as an advance to write a book about her father and relationship with Michael Jackson.against the former business manager for allegedly squandering her $100 million fortune and leaving her broke. She argued that the EPE deal was ill-advised and that he failed to inform her about the true condition of the Presley estate.
In his defense, Barry Siegel claimed that Lisa Marie's excessive spending habits were the real reason behind the estate's massive losses. He also claimed to have had regular business meetings with her, during which he explained the developing situation and reminded her repeatedly to limit her spending. In addition, Seigel stated that Lisa's extreme spending habits actually put her estate $20 million in debt by 2003, which he corrected.
Lisa Marie countered by pointing out that she had no idea about the condition of her estate, and that if Seigel had told her what was really going on, she would have limited her spending and immediately reduced his salary of $700,000. She argued that if she had been given access to only the estate's income, she would have been able to live comfortably on $1.5 to $2.5 million per year. In 2020, the ongoing legal battle was put on hold due to Covid.
In 2018, court documents from Lisa Marie's divorce proceedings with Michael Lockwood revealed that she was $16 million in debt. An estimated $10 million of the debt was related to unpaid taxes dating from 2012 to 2015. The rest of the debt was credit card bills and unpaid attorney fees. Lisa filed the paperwork after her ex demanded $450,000 to cover his own legal fees.
On the other hand, in June 2022, Michael Lockwood claimed in filings that Lisa was still the beneficiary of a very valuable trust. One that could be worth as much as $65 million. His legal filings claimed:
"Presley has significant income for purposes of a child support calculation, due to continuing and recurring distributions Presley receives from her trust(s) and from the significant assets including her family business. Presley's father was Elvis Presley, a world-famous entertainer and one of the most successful people in show business history. Presley is Elvis' sole heir and as such is an owner of Graceland and interests in Elvis' recordings, songs, merchandise rights, and life story rights."
Graceland
Graceland is the 14-acre estate in Memphis that was Elvis purchased for $102,500 in March of 1957. That's the same as around $1 million in today's dollars. Elvis died in the mansion in August 1977 and is entombed there next to other deceased members of the Presley family. After his Death, to raise much-needed funds, Elvis' widow Priscilla turned the mansion into a museum open to the public. Graceland became a National Historic Landmark in 2006.
A reported 500,000 people visit Graceland each year. It is the second most popular private home in the US, behind the White House. Unfortunately, that does not necessarily mean that Graceland is a financial success at all times. It is very expensive to operate, insure and maintain such a property. At one point Graceland threatened to up and leave Memphis altogether unless the city provided a generous tax incentive. The city obliged in 2017, granting a $104 million loan to be used for a massive expansion. All was well until the COVID pandemic, which forced Graceland to shut its doors. During that period, Graceland reportedly failed to pay $20 million worth of debt payments.
At the time of her death, Lisa Marie Presely owned 85% of Elvis Presley Enterprises BUT 100% of the actual Graceland mansion.
Kardashian Mansion
In December 1993, just three years after inheriting her trust, Lisa Marie bought two properties in Hidden Hills, California. She paid $2.6 million for one parcel and $625,000 for the second. The 3+ acre property featured an 8,000 square foot mansion.
Lisa listed the property for sale in July 2010 for a little under $7 million. She ultimately accepted $5 million in November 2010 from a doctor. The doctor proceeded to tear down Lisa's home down and build a sprawling 15,000 square foot French-inspired mansion.
In August 2014 the doctor sold the newly-build mansion for $20 million. The buyers were… Kim Kardashian and Kanye West. Kim and Kanye performed yet another massive renovation that took years. Upon their divorce, Kim got the mansion. It is still her primary residence to this day.
In March of 2020, Lisa paid $1.8 million for a home in nearby Calabasas, California. She sold this home in March of 2022 for $2 million.
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All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.