Lisa Marie Presley's net worth has taken a significant hit despite the fact that she has spent years in the music industry and receives money from her father's inheritance. Unfortunately, she was allegedly not able to bounce back before her death and because of rumoured massive debts, her net worth is at a negative.
The musician was reportedly brought to the hospital on January 12 after suffering a heart arrest. She died shortly after her mom asked for prayers, citing her daughter's very critical condition,
According to People, Lisa's net worth is negative due to her debts. According to the source, the artist owes over $16 million. When Lisa turned 25 in 1993, she inherited an estate estimated to be worth more than $5 million. However, the estate was heavily indebted. According to Today, the company was said to have owed $25 million in 2004.
Lisa opted the following year to sell 85% of the estate while retaining 15%. It eliminated all debts and generated $53 million in sales for the singer. Nonetheless, the money did not last long, since Lisa's divorce filings from 2018 reveal that she owed $16.7 million. The singer indicated in her records that she earned a monthly salary of $4,361 from her father's estate, in addition to $100,000 in dividends and interest from investments. Nevertheless, it appears to cover the artist's debts only.
According to Celebrity Net Worth, Elvis' estimated net worth at the time of his death was $20 million. The singer gained multiple roles in commercials, television programs, and films as a result of his spectacular performance, which propelled him to prominence. In addition, he had numerous brand partnerships that helped increase his net worth before he passed away. Meanwhile, she's worth negative 16M, based on the same website.
Lisa Marie is a talented singer-songwriter in addition to being the daughter and only child of Elvis Presley, for which she is likely best known. She is also renowned for her brief marriage to Michael Jackson and former membership in the Church of Scientology.
Lisa Marie Presley married Danny Keough in 1988. They had two children prior to their 1994 divorce. Benjamin, their son, committed suicide at the age of 27 in 2020. Following her divorce from Keough, Presley swiftly wed Michael Jackson. She filed for divorce in 1996, despite having assisted Jackson with a lot of personal concerns.
Lisa became betrothed to the singer John Oszajca before breaking off the engagement to marry Nicholas Cage. Cage and Presley wed in 2002 and later divorced that same year. She wed Michael Lockwood in 2006, and in 2008 she gave birth to twins. She claimed that she discovered child pornography on Lockwood's computer and filed for divorce and sole custody of the children in 2016.
© 2024 MusicTimes.com All rights reserved. Do not reproduce without permission.