Will Priscilla inherit Lisa Maris Presley’s huge net worth?
Ever wondered about the financial journey of the Presley family, the women who were closest to the King of Rock ‘n’ Roll, Elvis Presley? Today, we delve into the net worth of Priscilla Presley, Elvis’s former wife, and Lisa Marie Presley, their only child.
Known for her marriage to Elvis Presley and her role in managing his estate, Priscilla Presley has created an impressive financial profile. The American actress and businesswoman has amassed a net worth of $50 million. This sum isn’t just a product of her connection to Elvis; Priscilla’s savvy business choices played a significant role in her wealth accumulation.
Let’s take a look at what brought them there.
After her divorce from Elvis in 1973, Priscilla received a substantial settlement, including a cash payment, spousal and child support, and a share of Elvis’ publishing rights. Her financial acumen didn’t stop there. As the former chairwoman of Elvis Presley Enterprises, she contributed to the growth of the Presley legacy. Priscilla’s other ventures, like her boutique “Bis & Beau,” added to her financial portfolio.
On the other hand, Lisa Marie Presley’s financial journey has been quite a rollercoaster. Inheriting her father’s legacy, she sold 85% of her rights to the Elvis Presley estate for a whopping $100 million in 2004. However, her financial landscape soon took a downturn.
Facing financial challenges and mismanagement of her estate, Lisa Marie’s net worth plummeted, reaching a reported -$16 million by 2020. The music world was stunned when she filed a lawsuit against her former manager, alleging mismanagement that led to her having just $14,000.
Recently, Priscilla Presley made headlines again by settling a dispute over her late daughter Lisa Marie Presley’s trust. This development, reported by Page Six, adds another layer to the Presley family’s financial saga.
Riley Keough, Lisa Marie’s daughter, stands as the official beneficiary of the late musician’s trust. Although the exact details of the settlement are under wraps, TMZ suggested that Priscilla was awarded a significant sum in the “millions”. This resolution comes after months of alleged tensions within the Presley family, adding a new twist to their financial narrative.
Priscilla expressed relief and satisfaction with the resolution, stating, “My family has resolved all confusion as it relates to our plea to the court and request for document interpretation after my daughter Lisa Marie’s untimely passing.”
This sentiment was echoed by the legal teams involved in the case. Ronson J. Shamoun, Priscilla’s attorney, announced, “The families are happy. Everyone is happy, unified, together and excited for the future.”
The Presley family saga, filled with financial ups and downs, underscores the challenges and complexities of managing vast fortunes. Despite the highs and lows, the family remains united and dedicated to preserving their cherished legacy.
When it comes to how we ourselves feel about this particular financial journey, we can’t help but ask: How will the Presley women continue to navigate their fortunes while upholding their legendary family legacy?
What do you think is the truth? Let us know in the comments!