Lisa Marie Presley, who was Elvis’s only child, got a big share of his money and Graceland. Lisa, who was 54, died yesterday, January 12, of what might have been a heart attack. Even though she got most of her father’s property, the songwriter had trouble with money in her later years. Here, you can find out how much she is worth.
Taking a look at Lisa Presley’s money
Austin Butler won a Golden Globe this week for his role as Lisa Presley’s father, Elvis Presley. She was very impressed. But who could have known she’d be gone in only two days? On Thursday, January 12, news came out that the “King of Rock and Roll’s” only child had died, possibly from a heart attack.
Lisa Marie Presley had a fortune of about $16 million when she died too soon. But she owes the same amount, so take it as a number less than zero. After Elvis Presley died, his estate went to the singer who sang “Lights Out.” This included the historic Graceland mansion.
At the time of his death, she owned 15% of Elvis Presley Enterprises. Even though Lisa had a lot of money and property, both her financial and personal lives were hard.
Lisa got $104,000 from Elvis Presley Enterprises and an extra $4,361 for her work at Graceland in November 2022. Before Elvis’s fame hit, she was making about $1.3 million a year.
In 1977, when her father died, his estate was worth about $5 million, which is about $25.4 million today. In 1993, when she turned 25, she got her dad’s money. But the property’s market value had already gone up, and it was now thought to be worth $120 million. Graceland’s meteoric rise to a $15 million-a-year tourist spot is thanks to Priscilla.
Why did Lisa have trouble with her money?
Lisa had trouble with money in her last years, even though she had inherited most of her father’s estate. The media said that her problems came from the fact that she lived in a showy way. If you didn’t know, Lisa sold 85% of Elvis Presley Enterprises to CKX, which is owned by American Idol. But the company was a terrible failure.
After having a fight with her former business manager, the “Lights Out” singer sued him, saying that he had messed up Presley’s $100 million fortune. Her former manager sued her for $800,000 in unpaid fees, saying that Lisa’s lack of money was due to the fact that she lived a lavish lifestyle.
Elvis Presley’s most valuable possession is still Graceland, which is worth a lot more than anything else he owns. The Covid-19 pandemic had a big effect on tourism, which hurt her income.
Elvis Presley’s estate doesn’t have any royalties from his music. Col. Lisa owes almost $16 million, so she doesn’t own anything and has no net worth. There are three kids, and it’s not clear how everything will be divided.
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