The majority of Elvis Presley’s assets, including Graceland, was passed down to Lisa Marie Presley, his only child. Lisa (54), who may have experienced a heart attack, passed away yesterday, January 12. You might be surprised to learn that the composer struggled with money in her later years despite receiving the majority of her father’s assets. Here is all the information you require regarding her net worth.
Lisa Presley’s Net Worth Explored
This week, Austin Butler received a Golden Globe Award for portraying her father, Elvis Presley, in the classic role, leaving Lisa Presley speechless. Who knew, though, that she would leave two days later? The “King of Rock and Roll’s” lone kid passed away on Thursday, Jan. 12, possibly from a heart attack.
Around $16 million was Lisa Marie Presley’s net worth at the time of her passing. Consider it to be less than zero, nevertheless, given she owes a debt in the same amount. After her father’s passing, the “Lights Out” singer received the estate of Elvis Presley, which included the famed Graceland.
She also controlled 15% of Elvis Presley Enterprises at the time of her passing in addition to the rest. Despite having a large number of properties, Lisa struggled both personally and financially.
Lisa made $104,000 a month from Elvis Presley Enterprises in November 2022 in addition to $4,361 a month as a Graceland “employee.” Despite the legacy Elvis left behind, she was earning roughly $1.3 million annually at the time.
The estate was estimated to be worth $5 million at the time of her father’s passing in 1977 (about $25.4 million now). After she reached the age of 25 in 1993, she received her father’s estate. The house’s worth, however, had already changed and was now $120 million. Thanks to Priscilla, Graceland became a popular tourist destination that brought in about $15 million yearly.
Why Did Lisa Struggle Financially?
Despite receiving the majority of her father’s assets, Lisa had financial difficulties in her final days. Numerous publications claimed that her luxurious lifestyle was to blame for her problems. If you didn’t know, Lisa sold CKX, a business controlled by American Idol, an 85% share in Elvis Presley Enterprises. But afterwards, the project had a disastrous failure.
The “Lights Out” singer sued her after a dispute with her business manager, alleging that she had mismanaged a $100 million inheritance. But Lisa’s former manager launched a countersuit, demanding $800,000 in unpaid fees and alleging that Lisa’s extravagant lifestyle was a major factor in her financial downfall.
Regarding the estate’s top revenue generator, Graceland continues to be Elvis Presley’s home. However, the Covid-19 outbreak severely hurt the tourism industry, which had an impact on her profits.
You would be wrong to believe that royalty payments for Elvis Presley’s music are part of his estate. To pay off a gambling debt, Elvis’ then-manager Col. Tom Parker persuaded Elvis to sell his entire library for $5.4 million in 1973. As for Lisa, she has no net worth due to her approximately $16 million in debt. She has three kids, and it’s unclear how everything would be split up.
Being a binge-watcher himself, finding Content to write about comes naturally to Divesh. From Anime to Trending Netflix Series and Celebrity News, he covers every detail and always find the right sources for his research.
