As the world involves grips with the sudden passing of Lisa Marie Presley, 54, the singer’s non-public life has been mirrored on together with her monetary woes.
Lisa Marie was rushed to the hospital on Friday morning after reportedly affected by cardiac arrest.
Her mom, Priscilla rushed to be by her daughter’s aspect after the 2 Presley girls attended the Golden Globes collectively on Wednesday.
Sadly, simply hours after news broke of Lisa Marie’s hospitalisation, Priscilla introduced her daughter had handed.
“It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us,” she stated in an announcement.
“She was the most passionate, strong, and loving woman I have ever known.”
Sadly for the one youngster of the King of Rock, her life was stuffed with plenty of heartache and heartbreak.
One of her many struggles was her funds.
Although her dad, Elvis Presley, left her to inherit his fortune, based on reviews Lisa Marie had struggled tremendously through the years.
Her dad had a fame of creating poor monetary choices which sadly meant Lisa Marie wasn’t left with as a lot cash as some would anticipate.
In 1994, on the age of 25, she inherited her dad’s fortune of USD $120 million, after Priscilla managed to up it from USD $5 million which is what Elvis left when he handed in 1977.
In 2003, Lisa Marie appointed others to supervise her inheritance and belief and named Barry Siegel as her co-trustee.
According to Forbes, in 2005, Siegel bought 85 per cent of Lisa Marie’s shares in Elvis Presley Enterprise and misplaced her a whopping $40 million in a foul deal. Over the course of a decade, between 2005 and 2015, practically all of Lisa Marie’s cash was gone and she or he was left deeply in debt.
In 2018, Lisa Marie claimed her former business supervisor Barry Siegel misused her total share of her dad’s $US100 million fortune, which she inherited when she turned 25.
Court paperwork revealed Presley was alleging that Siegel assured her that her funds have been in “good shape” whereas he wore her $US100 million belief down to simply $US14,000 in poor investments.
In the identical yr, courtroom paperwork from her divorce from ex-husband Michael Lockwood revealed that Lisa Marie was $16 million in debt.
It’s believed that Pricilla’s sale of her dwelling again in 2019, was to assist her daughter’s monetary woes.
Lisa Marie’s lawsuit in opposition to Siegel was by no means resolved after it was pushed again as a result of COVID pandemic.
American web site, The Blast reported in November 2022 that Lisa Marie earns USD $4,361 monthly as an worker of Graceland and earns over USD $104,000 a month from Elvis Presley Enterprises, which she nonetheless owns 15 per cent.
The singer nonetheless owned Graceland up till her loss of life, it’s unknown who will inherit the property.
Lisa Marie leaves behind three daughters, her 14-year-old twins Harper and Finley, and actress 33-year-old Riley Keough.
She was 54.
