Lisa Marie Presley Net Worth: How She Lost Her Father’s Fortune and Ended Up in Debt
Lisa Marie Presley net worth: At the time of her death, Lisa Marie Presley had an amazing net worth. “Lights Out” singer died on January 12, 2023, at the age of 54. That same day, Austin Butler won a Golden Globe for his role as her famous father, Elvis Presley.
Lisa Marie was the only child of the King of Rock ‘n’ Roll. She had a hard time with life in and out of the press, and she also had money problems in her later years.
How Did Lisa Marie Presley Get Well-Known?
Elvis Presley and Priscilla Presley have a daughter named Lisa Marie Presley. Lisa Marie was only 9 years old when Elvis died. She turned out to be an exact copy of her famous father.
She was also a great singer and star in her own right, which kept her in the spotlight: “To Whom It May Concern,” her first album, came out in 2003. The song “Lights Out” was about her father’s death.
Lisa Marie was also well-known for her personal life. She was married to both Michael Jackson and Nicolas Cage. She got married to singer Danny Keough for the first time in 1988. Their daughter Riley Keough later became a movie star, which helped her family’s fame.
Lisa Marie Presley’s Net Worth
Lisa Marie Presley’s net worth was thought to be $-16 million in 2023, which was a bit shocking.
In 2005, Lisa Marie sold CKX, the company that owned American Idol, an 85% stake in Elvis Presley Enterprises. The business failed, though. Rolling Stone reported that in 2011, CKX sold to a private equity company and put on the market the licensing rights to Elvis’ likeness and estate. These rights were bought by Authentic Brands Group for $145 million.
Lisa Marie sued her former business manager after the bad deal, saying that he wasted her $100 million income by being careless and bad at managing the business. Her ex-manager sued her back for unpaid fees totaling $800,000, saying that Lisa Marie’s expensive lifestyle was the main reason she went bankrupt.
How Much Personal Property Did Lisa Marie Presley Get?
Elvis passed away in 1977, and his estate was worth about $5 million, which is about $25.4 million today. She got her father’s property when Lisa Marie Presley turned 25 years old in 1993.
Elvis’ estate was worth close to or more than $120 million at the time. Priscilla brought the business back to life by turning Graceland into a tourist draw that brought in about $15 million a year since it opened in 1982.
Is Lisa Marie Still in Charge of Graceland?
When Lisa Marie died in January 2023, she owned Graceland.
Who Gets Lisa Marie Presley’s Property When She Dies?
Most of Lisa Marie Presley’s fortune is held by the Promenade Trust, which owns Graceland. Lisa Marie’s oldest daughter, Riley Keough, will get her mother’s money when she dies.
Priscilla Presley had questioned whether her daughter’s will was legal, but on May 16, a deal was reached over her case. The settlement’s specifics were not talked about in open court. The deal’s exact terms may never be made public because both sides plan to ask the court to seal the records.
How Much Does Lisa Marie Make From Graceland?
Lisa Marie was still making money from tourists visiting Graceland when she died, even though the business was down because of the COVID-19 pandemic. Lisa Marie said she made $4,361 a month working at Graceland, according to court papers that The Blast got in November 2022.
How Much Does Lisa Marie Presley Earn Each Year?
Lisa Marie Presley’s yearly income changed a lot over the course of her life. In November 2022, it was said that she made $104,000 a month from Elvis Presley Enterprises and an extra $4,361 a month as an “employee” at Graceland. This meant that she could expect to make about $1.3 million a year with that job.
Not only that, but she still owned 15% of Elvis Presley Enterprises when she died.
Who owns the Rights to Elvis Presley’s Songs?
The estate of Elvis Presley does not own the rights to Elvis Presley’s music, despite what most people think. According to Rolling Stone, Elvis’ manager at the time, Col. Tom Parker, set up for him to sell all of his records for $5.4 million in 1973 to pay off a gambling bill. Because of this, his estate doesn’t make money from most of his albums, even his biggest hits. However, they do make money from copyrights of some of the songs Elvis performed.
What is the Value of Graceland Now?
It’s not clear how much Graceland is worth, but it’s the thing that has made the most money for Elvis Presley’s estate so far. Along with the mansion, the property has an entertainment center, a hotel, and a museum. Each year, these attractions bring in about $150 million for the city of Memphis.
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Lisa Marie Presley, the daughter of Elvis Presley, had a net worth of $-16 million in 2023. She was the only child of the King of Rock ‘n’ Roll and was known for her music and personal life.
She was married to Michael Jackson, Nicolas Cage, and Danny Keough, and their daughter Riley Keough became a movie star. Elvis’ estate was worth around $25.4 million at the time, and Presley’s daughter, Riley Keough, will inherit her mother’s money when she dies.
Graceland, Elvis’s estate, is now worth about $150 million a year, with the Promenade Trust holding most of Presley’s fortune. The estate does not own the rights to Elvis’s music, but they do make money from copyrights of some of his songs.