Court records that were made public months before Lisa Marie Presley's death revealed how much money she was spending.
Last Thursday, after police responded to a "not breathing" call from her Calabasas home, the only child of Elvis and Priscilla Presley passed away at a hospital.
Riley, Harper, and Finley were her three kids, and she was 54 years old.
Despite receiving a large portion of her father's fortune and earnings, Lisa Marie Presley had a net worth of $4 million at the time of her passing, but she was also in debt.
Last November, The Blast released a story revealing her monthly expenditure of $92,000. This includes $1,078 in payments to Maserati, an Italian luxury car maker, and $23,500 in rent.
The mother of three had $714,775 in stocks and bonds and $95,266 in cash, but she owed $1 million to the IRS.
From Elvis Presley's estate and enterprises, Lisa Marie Presley was receiving more than $100,000 every month. The Graceland estate contributes $4,400 every month, while Elvis Presley Enterprise contributes $104,000.
The problematic singer was reportedly owed $16 million as a result of transactions made by her former business manager, Barry Siegel, according to a weekend article from The Mail Online.
In a 2018 lawsuit, she charged him with stealing her fortune. However, the manager and his business countersued Lisa Marie, claiming that her "out of control spending" was what caused her financial issues.
Lisa Marie Presley received the entirety of Elvis Presley's estate after he passed away in 1977 at the age of 42. When she was 25 years old, she assumed control of the trust.
Elvis's net worth at the time of his death was barely $5 million. Even yet, his daughter made millions of dollars by making Graceland a popular tourist destination and even established Elvis Presley Enterprises to profit from his assets, such as the rights to use Elvis' likeness. Entrepreneur in the music industry Robert F.X. purchased this. around $100 million.
But in 2005, Barry sold off 85% of her firm stock, denying her ownership of the rights to her father's name and likeness. He said that it eliminated the $20 million in debt Lisa Marie accumulated.
Lisa Marie received $50 million plus shares, a 15% stake in EPE, the title to Graceland, and other benefits from the purchase, so she didn't go away empty-handed.
Meanwhile, it's expected that Lisa Marie Presley will be buried close to her son Benjamin, who took his own life in 2020, as well as her father Elvis and grandparents.
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