Lisa Marie Presley, an American singer-songwriter, gained fame not only for her music but also for her ties to the legendary Elvis Presley. Despite her musical talents, she has faced legal issues and financial troubles throughout her life. Let’s delve into the biography of Lisa Marie Presley, her net worth, and the challenges she has encountered.
Lisa Marie Presley Biography:
Born on February 1, 1968, in Memphis, Tennessee, Lisa Marie Presley was named after her mother, Priscilla Presley. Her music career began relatively late, around the age of 40, with her debut album releasing in 2003, followed by a second in 2005. Both albums achieved moderate success. However, it was her third album that propelled her into the spotlight, establishing her own identity beyond her father’s legacy.
Lisa Marie’s personal life was marked by high-profile marriages, including a four-year union with Michael Jackson and later marriages to Nicolas Cage and Michael Lockwood. She was a mother to four children: Benjamin Keough, Harper Vivienne Ann Lockwood, Finley Aaron Love Lockwood, and Riley Keough.
Lisa Marie Presley Net Worth Growth:
Over the years, Lisa Marie Presley’s net worth underwent significant fluctuations:
- 2023: -$10 Million
- 2022: -$12 Million
- 2021: -$13 Million
- 2020: -$16 Million
Lisa Marie Financial Problems:
Despite being the heir to her father’s legacy, Lisa Marie faced financial challenges, largely attributed to mismanagement and legal issues. She could have inherited substantial wealth from Elvis Presley’s estate, including record royalties. However, a trust established by her father’s estate was managed by someone else, resulting in the sale of valuable rights and records, leaving Lisa Marie with lesser earnings.
In addition to this, Lisa Marie struggled with tax-related issues. She neglected to pay taxes for a decade while earning substantial income as a singer-songwriter. In 2017, she received a notice from the Internal Revenue Service (IRS) to recover funds amounting to $20 million. Though she managed to pay four million dollars in taxes, her financial situation remained dire.
Lisa Marie Presley, known for her musical talent and her connection to Elvis Presley, faced significant financial struggles due to mismanagement and legal challenges. Despite her negative net worth, she attempted to regain her financial footing. Her life serves as a reminder of the complexities that can arise even in the lives of well-known individuals.