What was Lisa Marie Presley’s net worth when she passed away?
Lisa Marie Presley was a singer-songwriter, actress, and the daughter of legendary musician Elvis Presley. Tragically, the only daughter of Elvis passed away at the age of fifty-four after a cardiac arrest.
What was Lisa Marie Presley’s net worth at the time of her death? Will her legacy live on? Here’s everything you need to know.
Who was Lisa Marie Presley?
Presley was born on February 1, 1968, in Memphis, Tennessee. Her career began when she signed her first record deal in 1989 with Geffen Records and released her debut album To Whom It May Concern in 2003. Throughout her career, she has released several albums as well as appeared in television shows and films such as Ocean’s 11.
In addition to her music career, Lisa Marie also served as a philanthropist — supporting causes such as human rights and animal welfare — and was both a mother of four children and grandmother of eight grandchildren.
Elvis Presley’s death has been a very tragic reminder of how human our idols really are. He died on August 16, 1977, in his Graceland mansion in Memphis, Tennessee. The official cause of death was a heart attack, though it has been speculated that he may have died from an accidental drug overdose or a combination of multiple drugs and health issues. He was just forty-two years old at the time of his death.
It’s no secret Lisa Marie also struggled with addiction and met a similar end to that of her father however it’s not been confirmed whether or not her past is the cause of her death.
At the time of his death, Elvis Presley’s net worth was estimated to be around $15 million. Despite achieving unparalleled success in music and film, most of his wealth came from endorsement deals and investments made over his lifetime. He also donated much of his money to various charities around the world. It’s also been suggested that his manager Colonel Tom Parker took a lot of the late icon’s money to pay off gambling debts.
Lisa Marie Presley was estimated to have a net worth of $200 million. Her fortune stems primarily from her father’s legacy, as well as her own musical career and various business ventures.
Since her death, her mother Priscilla Presley is contesting her late daughter’s will. As reported on BBC, “The court petition disputes a 2016 amendment to Lisa Marie’s will that ousted Priscilla as the estate trustee.” According to Priscilla’s lawyers, “The document misspelled her mother’s name and had a signature that appeared unusual.”
“Based on the foregoing, the Purported 2016 Amendment should be deemed invalid and the Trust, as amended and completely restated in 2010 is the controlling and authoritative document and its terms administered,” the petition reads. It’s unclear what exactly is the state of Lisa Marie’s affairs, however, there was recent turmoil with her accounts and clearly unusual amendments to her will.
Do you think Priscilla Presley is entitled to all of Lisa Marie’s net worth? Let us know in the comments.