Lisa Marie Presley Net Worth, Career, Income, Relationship
The amount of Lisa Marie Presley‘s net worth that she made from Graceland and inherited from Elvis
When Lisa Marie Presley passed away, her net worth was astounding. On January 12, 2023, the 54-year-old singer of “Lights Out” passed away, just after Austin Butler, who played her well-known father Elvis Presley, was awarded a Golden Globe. Lisa Marie, the sole child of the King of Rock ‘n’ Roll, battled both life in the spotlight and, in her later years, money problems.
Who is Lisa Marie Presley?
Priscilla and Elvis Presley’s daughter is Lisa Marie Presley. Lisa Marie was only nine years old when Elvis passed away. She grew up to be the exact replica of her well-known father, as well as a successful singer and spotlight-worthy individual in her own right. In 2003, she published her debut album, To Whom It May Concern, which included the song “Lights Out,” which was about her father’s passing.
In addition, Lisa Marie was well-known for her personal relationships, which included unions with Nicolas Cage and Michael Jackson. Her daughter Riley Keough, who went on to become a bonafide movie star, helped her carry on her generational popularity following her first marriage to singer Danny Keough in 1988.
Lisa Marie Presley Net worth–
Remarkably, Lisa Marie Presley’s predicted net worth for 2023 was $-16 million.
In 2005, Lisa Marie sold CKX, the corporation that owned American Idol, an 85% share in Elvis Presley Enterprises, but the business endeavour was a failure. According to Rolling Stone, in 2011 CKX sold to a private equity business and offered Elvis Presley’s estate and licencing rights for sale. Authentic Brands Group eventually bought these rights for $145 million.
Following the catastrophic sale, Lisa Marie filed a lawsuit against her former business manager, claiming that he had mismanaged and squandered her $100 million wealth. Her former manager filed a countersuit against her, claiming that Lisa Marie’s extravagant lifestyle was the primary cause of her financial collapse and demanding $800,000 in unpaid fees.
What was Lisa Marie Presley’s inheritance?
Elvis Presley’s estate was valued at approximately $5 million (nearly $25.4 million in today’s values) when he passed away in 1977. When Lisa Marie Presley turned twenty-five in 1993, she inherited her father’s estate. Priscilla revived the business by turning Graceland into a tourist destination that has brought in roughly $15 million a year since it opened in 1982. At the time, the value of Elvis Presley’s estate had fluctuated but was estimated to be worth close to or more than $120 million.
Lisa Marie owned the Graceland?
When Lisa Marie passed away in January 2023, she was the owner of Graceland. Graceland is owned by the Promenade Trust, which is primarily responsible for Lisa Marie Presley’s estate. Riley Keough, Lisa Marie’s eldest daughter, is the executor of her late mother’s estate.
On May 16, Priscilla Presley, who had questioned the legitimacy of her daughter’s will, reached a settlement over her case. The settlement’s specifics were not revealed in public court. We might never find out the precise contents of the agreement because both parties intend to seek the court to seal the documents.
Lisa Marie with the compensation for Graceland?
Even though the COVID-19 outbreak hurt the business, Lisa Marie continued to benefit from Graceland tourist at the time of her dying. According to court records that The Blast was able to get in November 2022, Lisa Marie worked at Graceland and was paid $4,361 a month.
Lisa Marie Presley’s annual salary?
Over her life, Lisa Marie Presley’s yearly income varied significantly. She reportedly received $104,000 from Elvis Presley Enterprises each month in November 2022 in addition to $4,361 as a Graceland “employee.” As such, she was estimating her income at the time to be around $1.3 million annually.
At the time of her death, she also held 15% of Elvis Presley Enterprises.
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FAQ
<strong><br>Who is the owner of Elvis Presley's music royalties?</strong>
The royalties to Elvis Presley’s music are not owned by his estate, despite what is commonly believed. According to Rolling Stone, Elvis’ manager at the time, Col. Tom Parker, set up the sale of Elvis’ whole catalogue for $5.4 million in 1973 to pay off a debt related to gambling. Because of this, the majority of his releases—including his biggest hits—do not bring in money for his estate; but, the copyrights to some of the songs Elvis covered do.
<strong>What is Graceland's current value?</strong>
Although the exact worth of Graceland is unknown, it is the estate of Elvis Presley’s largest source of income to date. In addition to the home, the property has a hotel, a museum, and an entertainment complex. The city of Memphis receives an estimated $150 million in revenue from this property each year.
