{"id":41509,"date":"2023-01-13T16:06:50","date_gmt":"2023-01-13T03:06:50","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=41509"},"modified":"2023-01-13T16:06:50","modified_gmt":"2023-01-13T03:06:50","slug":"lisa-marie-presley-dead-at-54-how-did-she-lose-all-the-elvis-millions-watch","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/lisa-marie-presley-dead-at-54-how-did-she-lose-all-the-elvis-millions-watch\/","title":{"rendered":"Lisa Marie Presley dead at 54 &#8211; How did she lose all the Elvis millions? | WATCH"},"content":{"rendered":"<p><strong>PHOTO: Lisa Marie Presley<\/strong><\/p>\n<ul>\n<li id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block mntl-sc-block-html\"><strong>Lisa Marie Presley, singer-songwriter and daughter of\u00a0Elvis\u00a0and\u00a0Priscilla Presley, has died. She was 54.<\/strong><\/li>\n<li id=\"mntl-sc-block_1-0-2\" class=\"comp mntl-sc-block mntl-sc-block-html\"><strong>&#8220;It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us,&#8221; Priscilla confirmed in a statement to PEOPLE Thursday evening.<\/strong><\/li>\n<li id=\"mntl-sc-block_1-0-4\" class=\"comp mntl-sc-block mntl-sc-block-html\"><strong>&#8220;She was the most passionate strong and loving woman I have ever known. We ask for privacy as we try to deal with this profound loss. Thank you for the love and prayers. At this time there will be no further comment.&#8221;<\/strong><\/li>\n<li id=\"mntl-sc-block_1-0-6\" class=\"comp mntl-sc-block mntl-sc-block-html\"><strong>On Thursday morning, Presley was\u00a0rushed to the hospital for a possible cardiac arrest. A spokesperson for the Los Angeles County Sheriff&#8217;s Department confirmed to PEOPLE that paramedics responded to the 5900 block of Normandy drive in <a href=\"https:\/\/www.propertynoise.co.nz\/?s=Calabasas&amp;submit=Search\">Calabasas<\/a> to treat a woman in her 50s who was not breathing. When they arrived, the paramedics began CPR and, upon noting the patient had &#8220;signs of life,&#8221; transferred the woman to a local hospital for &#8220;immediate medical care.&#8221;<\/strong><\/li>\n<\/ul>\n<p><iframe title=\"Lisa Marie Presley dies at age 54 | CUOMO\" width=\"1380\" height=\"776\" data-src=\"https:\/\/www.youtube.com\/embed\/nyFCdCVO4dA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>https:\/\/www.instagram.com\/p\/Ch53KmKL_nR\/?utm_source=ig_web_copy_link<\/p>\n<div class=\"wrapper__head head\" data-v-8b9710f6=\"\">\n<div class=\"head__info info info--style\" data-v-8b9710f6=\"\">\n<p class=\"info__headline headline\">How did Lisa Marie Presley lose all the Elvis millions? She inherited the King of Rock \u2018n\u2019 Roll\u2019s Graceland estate and was even married to Michael Jackson, but is now US$16 million in debt<\/p>\n<div class=\"info__subHeadline\" data-v-8b9710f6=\"\">\n<ul class=\"generic-article__summary--ul content--ul\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<li class=\"generic-article__summary--li content--li\" data-v-e6531554=\"\">She inherited her superstar father\u2019s famous Graceland estate at age 25 \u2013 but is now locked in legal battles after mounting millions of unpaid credit card and tax bills<\/li>\n<li class=\"generic-article__summary--li content--li\" data-v-e6531554=\"\">After having children Benjamin and Riley Keough with first husband Danny Keough, she married the King of Pop in 1994 \u2013 before shacking up with Hollywood royal Nicolas Cage in 2002<\/li>\n<\/ul>\n<\/div>\n<div class=\"info__author\" data-v-8b9710f6=\"\">\n<div class=\"article-author article-author--single-author\" data-v-3b15baee=\"\" data-v-8b9710f6=\"\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wrapper__contents contents\" data-v-8b9710f6=\"\">\n<div class=\"contents__main main\" data-v-8b9710f6=\"\">\n<div class=\"main__left main-left\" data-v-8b9710f6=\"\">\n<div class=\"share-widget main-left__share-widget share-widget share-widget--desktop\" data-v-56193a70=\"\" data-v-8b9710f6=\"\">\n<div id=\"share-widget-desktop\" class=\"share-widget__desktop\" data-v-56193a70=\"\">\n<div class=\"share-widget__bookmark bookmark\" data-v-56193a70=\"\">\n<div class=\"bookmark-container bookmark-container--theme-white-article\" data-v-261531e1=\"\" data-v-56193a70=\"\">\n<div class=\"bookmark-container__icon-wrapper bookmark-container__icon-wrapper--inactive\" data-v-261531e1=\"\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"main__right\" data-v-8b9710f6=\"\">\n<div class=\"main-images main__main-images\" data-v-0342f7ad=\"\" data-v-8b9710f6=\"\">\n<div class=\"main-image--single\" data-v-193ae1ca=\"\" data-v-0342f7ad=\"\">\n<div class=\"image-slide\" data-v-193ae1ca=\"\">\n<div class=\"image-wrapper image-slide__img preview-img-item\" data-v-222a9ad4=\"\" data-v-193ae1ca=\"\">\n<div data-v-222a9ad4=\"\"><img decoding=\"async\" class=\"image-wrapper__image loaded lazyload\" data-src=\"https:\/\/img.i-scmp.com\/cdn-cgi\/image\/fit=contain,width=1098,format=auto\/sites\/default\/files\/styles\/1200x800\/public\/d8\/images\/canvas\/2022\/06\/29\/10de7039-61ce-4567-b130-897a111c3f23_f3901620.jpg?itok=I1mBdb0m&amp;v=1656497296\" alt=\"Lisa Marie Presley, King of Rock Elvis Presley\u2019s only daughter, is all grown up. Photos: Archive, @mahamedmh\/Twitter\" data-v-222a9ad4=\"\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/div>\n<\/div>\n<\/div>\n<div class=\"main-image__title\" data-v-193ae1ca=\"\"><em><strong>Lisa Marie Presley, King of Rock Elvis Presley\u2019s only daughter, is all grown up. Photos: Archive, @mahamedmh\/Twitter<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<div class=\"main__row row\" data-v-8b9710f6=\"\">\n<div class=\"row__details details\" data-v-8b9710f6=\"\">\n<div class=\"lazyload-component\" data-v-1854add0=\"\" data-v-8b9710f6=\"\">\n<div data-v-1854add0=\"\">\n<div data-v-1854add0=\"\">\n<div class=\"details__body body\" data-v-8b9710f6=\"\">\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">We all know the name Lisa Marie Presley thanks to her famous family and notable ex-husbands. She is, of course, the only daughter of the King of Rock \u2018n\u2019 Roll, Mr Elvis Presley, with actress Priscilla Presley.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">And the 54-year-old\u2019s own former spouses include a certain King of Pop, Michael Jackson, and Hollywood hardman Nicolas Cage \u2013 as well as musician Danny Keough and music producer Michael Lockwood.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">But despite the showbiz pedigree, it\u2019s both surprising and shocking to learn that Lisa Marie\u2019s financial status is firmly in the red. According to various sources, her current net worth is ranked at\u00a0<em class=\"generic-article__body article-details-type--em content--em\" data-v-e6531554=\"\">minus<\/em>\u00a0US$16 million, due to her racking up massive debts and a healthy dose of bad luck.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566961\" data-resolution=\"2\">\n<div class=\"body__image image image--landscape\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/f1fb8d23-50c0-4305-ad72-8b17256b3067_e46d4819.jpg\" alt=\"Happier times: Elvis, Priscilla and Lisa Marie Presley relaxing at Graceland. Photo: @ElvisRocks4Ever\/Twitter\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/f1fb8d23-50c0-4305-ad72-8b17256b3067_e46d4819.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Happier times: Elvis, Priscilla and Lisa Marie Presley relaxing at Graceland. Photo: @ElvisRocks4Ever\/Twitter<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Here, we take a look at her life story, from a gilded upbringing born into millions to losing it all \u2013 and finding love four times along the way.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<h3 class=\"generic-article__body article-details-type--h3 content--h3\" data-v-e6531554=\"\" data-v-8b9710f6=\"\"><strong class=\"generic-article__body article-details-type--strong content--strong\" data-v-e6531554=\"\">Rocky marriages and heartbreaking divorces<\/strong><\/h3>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566962\" data-resolution=\"2\">\n<div class=\"body__image image image--portrait\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/3e303603-c1f6-468b-966e-ad181f09b4b5_6ed0ce8a.jpg\" alt=\"Then husband-and-wife Michael Jackson and Lisa Marie Presley together in 1995. Photo: AP\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/3e303603-c1f6-468b-966e-ad181f09b4b5_6ed0ce8a.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Then husband-and-wife Michael Jackson and Lisa Marie Presley together in 1995. Photo: AP<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Lisa Marie Presley has had an interesting love life, to say the least. The singer-songwriter was first married to music producer Danny Keough from 1988 to 1994, with whom she had two children (late Benjamin Keough and actress Riley Keough). She then married Michael Jackson \u2013 at that point the biggest superstar on the planet \u2013 20 days after her divorce from Keough.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566963\" data-resolution=\"2\">\n<div class=\"body__image image image--landscape\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/f9605436-2485-4b52-84a8-cb1d98a495e0_04b682b5.jpg\" alt=\"Nicolas Cage with then-girlfriend Lisa Marie Presley at the Los Angeles premiere of his film Windtalkers, in 2002. Photo: Reuters\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/f9605436-2485-4b52-84a8-cb1d98a495e0_04b682b5.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Nicolas Cage with then-girlfriend Lisa Marie Presley at the Los Angeles premiere of his film Windtalkers, in 2002. Photo: Reuters<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Their marriage lasted for two years, the two filing for divorce in 1996, citing irreconcilable differences. She then was briefly engaged to musician John Oszajca before leaving him\u00a0<span class=\"generic-article__body article-details-type--a content--a\" title=\"\" data-v-03dbdbc7=\"\" data-v-e6531554=\"\" data-entity-uuid=\"734902e7-8991-48ac-81b8-ef8d5cb53c5d\" data-entity-type=\"node\" data-entity-bundle=\"article\"><a class=\"link-text\" href=\"https:\/\/www.scmp.com\/magazines\/style\/celebrity\/article\/3164081\/who-nicolas-cages-pregnant-japanese-wife-riko-shibata-5?module=inline&amp;pgtype=article\" data-v-03dbdbc7=\"\"><span class=\"text\" data-v-03dbdbc7=\"\">for actor Nicolas Cage<\/span><\/a><\/span>, whom she met at a party in 2000. The two tied the knot two years later and their marriage lasted until they separated in 2004.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Fast forward another two years and her fourth marriage was to her music producer Michael Lockwood. The pair wed in Japan in 2006 and two years later welcomed twins Vivienne Ann Lockwood and Finley Aaron Love Lockwood, born in 2008. The couple divorced a decade later in 2016 and were locked into a years-long custody dispute.<\/p>\n<p>https:\/\/www.instagram.com\/p\/Ce9hMzZOfyU\/?utm_source=ig_web_copy_link<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">As reported by RadarOnline, Lockwood claimed that Lisa Marie has now come into cash, both after Graceland reopened after the pandemic and factoring in her cut from the\u00a0<em class=\"generic-article__body article-details-type--em content--em\" data-v-e6531554=\"\">Elvis<\/em>\u00a0biopic. In June, a judge ordered her to \u201ctemporarily pay child support of US$4,500 until a trial later this year\u201d.<\/p>\n<p data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<\/div>\n<div data-v-8b9710f6=\"\">\n<h3 class=\"generic-article__body article-details-type--h3 content--h3\" data-v-e6531554=\"\" data-v-8b9710f6=\"\"><strong class=\"generic-article__body article-details-type--strong content--strong\" data-v-e6531554=\"\">Her revocable living trusts and Graceland estate<\/strong><\/h3>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566965\" data-resolution=\"2\">\n<div class=\"body__image image image--landscape\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/fd614f17-84cf-4a79-b2f2-cf1a00bc9da2_4892f2d7.jpg\" alt=\"The second-most-visited home in the US: Graceland. Photo: @icecreamviking\/Instagram\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/fd614f17-84cf-4a79-b2f2-cf1a00bc9da2_4892f2d7.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>The second-most-visited home in the US: Graceland. Photo: @icecreamviking\/Instagra<\/strong><\/em>m<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Lisa Marie was only nine when Elvis died in 1977, but she was marked out in the star\u2019s will to inherit his assets when she turned 25 \u2013 including Graceland, the 13.8-acre (5.6-hectare) Elvis estate in his hometown in Memphis, Tennessee. At the time, Graceland may have been a grand manor customised with all its kooky quirks (including the famous \u201cjungle room\u201d), but Elvis had left it cash poor and in need of investment.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566966\" data-resolution=\"2\">\n<div class=\"body__image image image--portrait\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/83aab9a9-879d-4499-89ca-7ab977c1e680_d2970462.jpg\" alt=\"Priscilla Presley and her daughter Lisa Marie back in the day. Photo: @priscillapresley\/Instagram\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/83aab9a9-879d-4499-89ca-7ab977c1e680_d2970462.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><strong>Priscilla Presley and her daughter Lisa Marie back in the day. Photo: @priscillapresley\/Instagram<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">In the intervening years, Lisa Marie\u2019s mother Priscilla stepped into the picture and started reviving the late star\u2019s legacy by forming Elvis Presley Enterprises, or EPE, which helped convert Graceland into a tourist attraction. She also straightened out Elvis\u2019 merchandising, image deals and royalties from recorded songs \u2013 while The King was reportedly only worth US$5 million at the time of death, by 1993 his estate was said to be worth over US$100 million.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"lazyload-component\" data-v-1854add0=\"\" data-v-8b9710f6=\"\">\n<div data-v-1854add0=\"\">\n<div data-v-1854add0=\"\">\n<div class=\"details__body body body--next\" data-v-8b9710f6=\"\">\n<div class=\"\" data-v-8b9710f6=\"\">\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">But while everything looked rosy when the empire was handed over to Lisa Marie that year, things started to unravel a year later after she appointed Barry Siegel to manage the estate.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div data-v-03dbdbc7=\"\">\n<div class=\"recirc\" data-v-f541516a=\"\" data-v-03dbdbc7=\"\">\n<div class=\"recirc__right right\" data-v-f541516a=\"\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<h3 class=\"generic-article__body article-details-type--h3 content--h3\" data-v-e6531554=\"\" data-v-8b9710f6=\"\"><strong class=\"generic-article__body article-details-type--strong content--strong\" data-v-e6531554=\"\">The Barry Siegel drama<\/strong><\/h3>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566967\" data-resolution=\"2\">\n<div class=\"body__image image image--portrait\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/c36c585e-cfe5-4312-b7db-2e463e6bd115_ba1d065e.jpg\" alt=\"Elvis Presley at the Graceland mansion. Photo: @TodayThatWas\/Twitter\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/c36c585e-cfe5-4312-b7db-2e463e6bd115_ba1d065e.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Elvis Presley at the Graceland mansion. Photo: @TodayThatWas\/Twitter<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Two years into his tenure, Siegel elected to sell 85 per cent of the trust\u2019s interests in EPE \u2013 which also included Lisa Marie\u2019s rights to her father\u2019s name and image. This was in part to help settled reported debts owed by the estate of USS$25 million.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Although the deal was meant to bring in some US$100 million, according to\u00a0<em class=\"generic-article__body article-details-type--em content--em\" data-v-e6531554=\"\">Forbes<\/em>, Lisa Marie was only left with around US$40 million after taxes, plus US$25 million worth of stock in the future holding company of\u00a0<em class=\"generic-article__body article-details-type--em content--em\" data-v-e6531554=\"\">American Idol<\/em>\u00a0\u2013 which eventually went bankrupt. And that was far from the only piece of misfortune.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566968\" data-resolution=\"2\">\n<div class=\"body__image image image--landscape\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/d25d0357-b1e7-4551-a4d3-ecc6f157fc80_7dc31fa3.jpg\" alt=\"Elvis Presley at Graceland with baby Lisa Marie and his grandmother, Minnie Mae Presley. Photo: @presleyarchive\/Twitter\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/d25d0357-b1e7-4551-a4d3-ecc6f157fc80_7dc31fa3.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Elvis Presley at Graceland with baby Lisa Marie and his grandmother, Minnie Mae Presley. Photo: @presleyarchive\/Twitter<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">Between 2005 to 2015, nearly all the money was spent, leaving Lisa Marie deeply in debt. Just U$14,000 remained in her trust by 2015, at the time of Siegel\u2019s dismissal.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">So where did it all go? In 2018, Lisa Marie sued Siegel, claiming he squandered her fortune \u201cthrough his reckless and negligent mismanagement and self-serving ambition\u201d and put her money \u201cin risky ventures in hopes of attaining his own celebrity in the entertainment industry\u201d.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">The lawsuit also alleges that Siegel hid the trust\u2019s true condition from Lisa Marie, while distributing cash to fund her \u201cexorbitant spending\u201d \u2013 including withdrawals of US$39 million between 2005-2008.<\/p>\n<p data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<\/div>\n<div data-v-8b9710f6=\"\">\n<h3 class=\"generic-article__body article-details-type--h3 content--h3\" data-v-e6531554=\"\" data-v-8b9710f6=\"\"><strong class=\"generic-article__body article-details-type--strong content--strong\" data-v-e6531554=\"\">US$16 million in debt?!<\/strong><\/h3>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566969\" data-resolution=\"2\">\n<div class=\"body__image image image--portrait\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/a3d0110f-9032-4914-ab8a-1e1b93b2f735_af0cc50e.jpg\" alt=\"Lisa Marie Presley and Michael Lockwood arrive at the Musicares 2005 Person of the Year ceremony. Photo: Reuters\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/a3d0110f-9032-4914-ab8a-1e1b93b2f735_af0cc50e.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Lisa Marie Presley and Michael Lockwood arrive at the Musicares 2005 Person of the Year ceremony. Photo: Reuters<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">As seen in court documents stemming from her divorce from ex-husband Michael Lockwood, in 2018, Lisa Marie was US$16 million in debt, thanks to a mountain of unpaid taxes, default mortgages and credit card debts.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">While the spending was hers, Lisa Marie blamed Siegel for allegedly misleading her about the true nature of her finances. She also alleged that Siegel and his company charged around US$700,000 in fees per year.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566970\" data-resolution=\"1\">\n<div class=\"body__image image image--landscape\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/9029cdbf-76fa-40f1-88e0-3bb48d03bfcf_fcb017f7.jpg\" alt=\"Lisa Marie Presley mingles with fans and signs autographs outside her father\u2019s Graceland mansion in 2012, a day after the 35th anniversary of his death. Photo: AFP\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/9029cdbf-76fa-40f1-88e0-3bb48d03bfcf_fcb017f7.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Lisa Marie Presley mingles with fans and signs autographs outside her father\u2019s Graceland mansion in 2012, a day after the 35th anniversary of his death. Photo: AFP<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">But of course, there are two sides to every story. Siegel, on the other hand, denied every allegation and blamed Lisa Marie\u2019s lavish spending instead. He said that she never wanted to confront hard copies of her accounts during their yearly meetings and claimed she alone is \u201cresponsible for her own inability to live within a reasonable means\u201d.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">In his official document, Siegel claimed that, \u201cSadly, since inheriting her father\u2019s estate in 1993, she has twice squandered it. The first time, she was rescued from insolvency by a deal she now calls fraudulent and self-serving.\u201d He has counter-sued her for US$800,000.<\/p>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--div content--div image-inline-container\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">\n<div class=\"generic-article__body article-details-type--img content--img image-inline caption\" data-v-69acf826=\"\" data-v-e6531554=\"\" data-fid=\"12566971\" data-resolution=\"2\">\n<div class=\"body__image image image--portrait\" data-v-69acf826=\"\">\n<div class=\"image_wrapper wrapper\" data-v-69acf826=\"\"><img decoding=\"async\" class=\"wrapper__img preview-img-item\" src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/994f6be4-a92f-47f0-9b94-e34249331286_3551437b.jpg\" alt=\"Elvis Presley with baby Lisa Marie and Priscilla at Graceland, in 1968. Photo: @presleyarchive\/Twitter\" data-v-69acf826=\"\" data-src=\"https:\/\/cdn.i-scmp.com\/sites\/default\/files\/d8\/images\/canvas\/2022\/06\/29\/994f6be4-a92f-47f0-9b94-e34249331286_3551437b.jpg\" \/><\/div>\n<div class=\"description-wrapper\" data-v-69acf826=\"\">\n<div class=\"wrapper-item\" data-v-69acf826=\"\">\n<div class=\"image__title\" data-v-69acf826=\"\"><em><strong>Elvis Presley with baby Lisa Marie and Priscilla at Graceland, in 1968. Photo: @presleyarchive\/Twitter<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-v-8b9710f6=\"\">\n<p class=\"generic-article__body article-details-type--p content--p\" data-v-e6531554=\"\" data-v-8b9710f6=\"\">In 2019, according to various sources, Lisa Marie was granted a motion by a judge to shut down subpoenas of her bank records and asked to only turn over her bank records before 2016. The nasty legal battle is currently still ongoing.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.scmp.com\/magazines\/style\/celebrity\/article\/3183520\/how-did-lisa-marie-presley-lose-all-elvis-millions-she\">SCMP<\/a><\/p>\n<p>https:\/\/www.instagram.com\/p\/CnLxso1LJHw\/?utm_source=ig_web_copy_link<\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"wpp-list\">\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/property-investor-charged-with-fraudulently-obtaining-millions-of-dollars-in-home-loans\/\" target=\"_self\" rel=\"noopener\">Property investor charged with fraudulently obtaining millions of dollars in home loans<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/arnold-schwarzeneggers-real-estate-agent-son-leaves-fans-drooling-over-his-semi-naked-photoshoot-watch\/\" target=\"_self\" rel=\"noopener\">Arnold Schwarzenegger\u2019s real estate agent son leaves fans drooling over his semi-naked photoshoot | WATCH<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/hardworking-teen-loses-her-37000-house-deposit-falling-for-sophisticated-phone-scam\/\" target=\"_self\" rel=\"noopener\">Hardworking teen loses her $37,000 HOUSE DEPOSIT falling for sophisticated phone scam<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/housing-market-could-stall-as-new-zealand-enters-an-election-year\/\" target=\"_self\" rel=\"noopener\">Housing market could stall as New Zealand enters an election year<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/claims-about-jacinda-arderns-wealth\/\" target=\"_self\" rel=\"noopener\">Claims about Jacinda Ardern\u2019s wealth<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/abandoned-land-for-sale\/\" target=\"_self\" rel=\"noopener\">Abandoned land for sale<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/the-real-estate-agent-who-bought-the-bach-that-wouldnt-sell\/\" target=\"_self\" rel=\"noopener\">The real estate agent who bought the bach that wouldn\u2019t sell<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/australia-is-in-a-property-bust-too-house-prices-to-plunge-20-per-cent\/\" target=\"_self\" rel=\"noopener\">Australia is in a property BUST too: House prices to plunge 20 per cent<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/the-ancient-stone-city-proof-of-nz-civilisation-before-kupe\/\" target=\"_self\" rel=\"noopener\">THE ANCIENT STONE CITY: Proof of NZ civilisation before Kupe<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/worlds-hottest-grandma-nzs-gina-stewart-forced-out-of-home-by-paparazzi-watch\/\" target=\"_self\" rel=\"noopener\">\u2018World\u2019s hottest grandma\u2019 NZ\u2019s Gina Stewart forced out of home by paparazzi | WATCH<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Lisa Marie Presley Lisa Marie Presley, singer-songwriter and daughter<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/lisa-marie-presley-dead-at-54-how-did-she-lose-all-the-elvis-millions-watch\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":41510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098545,478098546,478109142,478109148,478121874,478124284,478124283,478124282,478105279,478098513,478098873,478098509],"class_list":["entry","author-data123nz","post-41509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-celebrity","tag-celebrity-property","tag-elvis-presley","tag-graceland-mansion","tag-lisa-marie","tag-lisa-marie-dead","tag-lisa-marie-dies","tag-lisa-marie-presley","tag-priscilla-presley","tag-property","tag-property-investment","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lisa Marie Presley dead at 54 - How did she lose all the Elvis millions? 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