Lisa Marie Presley, the only daughter of legendary musician Elvis Presley, she made a name for herself in the entertainment industry before her tragic death in January 2023.
She accumulated a considerable amount of wealth, making her one of the richest women in the world.
Let’s explore Lisa Marie Presley’s net worth and how she earned her fortune. We’ll also look at the net worths of her daughters, Elvira and Priscilla Presley.
Plus, find out how we can coach you to grow your own net worth for FREE.
What was Lisa Marie Presley’s net worth?
Before her tragic death, Lisa Marie Presley’s net worth was estimated to be $10 million.
| Lisa Marie Presley’s Net Worth | $10 million |
| Full Name | Lisa Marie Presley |
| Gender | Female |
| Date of Birth | Feb 1,1968 – Jan 12, 2023 |
| Place of Birth | Memphis, Tennessee, U.S.A. |
| Height | 5 ft 2 in (1.6 m) |
| Profession | Singer, Songwriter |
| Genres | Soft Rock, Pop\Rock, Contemporary |
| Country/citizenship | American |
| Sources of wealth | Singer, songwriter, inheritance |
Who is Lisa Marie Presley?
Lisa Marie Presley (February 1, 1968 – January 12, 2023) was an American singer and songwriter born to Elvis and Priscilla Presley in Memphis, Tennessee.
Life
Lisa Marie Presley was the only child of singer and actor Elvis Presley. Her parents separated when she was four, and she lived with her mother.
After her father’s death in 1977, Lisa became the joint heir to her father’s estate with her grandparents. She then became Elvis’ sole heir on her 25th birthday in 1993 and inherited the entire estate.
In 1988, Lisa Marie Presley married Danny Keough, and they had two children – Benjamin and Riley Keough – before they divorced in 1994.
In 1994 Lisa Presley married Michael Jackson, and they divorced in 1996.
Lisa Presley engaged musician John Oszajca but abandoned the relationship to marry Nicolas Cage in 2002 and then divorced later that year.
In 2006, Lisa married Michael Lockwood and gave birth to twins with him in 2008. The two divorced in 2016, but it wasn’t finalized until 2021.
Career
Lisa Marie Presley began her music career in the late 1990s, releasing her debut album, To Whom It May Concern, in 2003. The album was certified gold by the Recording Industry Association of America.
She followed up with Now What in 2005, and in 2012, she released a third album, Storm & Grace.
Presley also released non-album singles, including duets with her father using tracks he had released before he died.
Lisa Presley also collaborated with a number of high-profile musicians, such as Kylie Minogue, Michael Buble, and Coldplay.
She also appeared in music videos for songs by other musicians, such as Michael Jackson.
What are the sources of Lisa Marie Presley’s net worth?
Lisa was a singer and songwriter, which gave her a lot of income in addition to her big inheritance from her musician father.
1. Inheritance From Elvis Presley
Lisa Marie Presley’s primary source of wealth is her inheritance from her father, Elvis Presley. When Elvis died in 1977, he left his entire estate worth approximately $5 million ($14 million today) to Lisa.
By the time Lisa inherited her father’s estate at age 25 (1993), it was worth $100 million ( $220 million today).
The estate included Graceland, his Memphis mansion, now a popular tourist attraction.
2. Business Holdings and Assets
When Lisa Presley sold 85 percent of her father’s estate in 2004 at $100 million, she set $25 million to stock in the future holding company of American Idol.
Lisa also owns several businesses and assets, including real estate properties in California and the United Kingdom.
She also has investments in the music industry and served as the Chairperson of Elvis Presley Enterprises since 1998.
3. Singing Career
While Lisa Marie Presley’s music career wasn’t as successful as her father’s, she still earned significant money from songs and album sales. She released three albums and many singles.
Her three albums are:
- To Whom It May Concern (2003)
- Now What (2005)
- Storm & Grace (2012)
Some of her singles include:
- Lights Out (2003)
- Dirty Laundry (2005)
- Idiot (2005)
- In the Ghetto (2007)
- You Ain’t Seen Nothing Yet (2012)
- I Love You Because (2012)
- Over Me (2013)
4. Celebrity Marriages
Lisa Marie Presley married four times, including to musician Michael Jackson and actor Nicolas Cage. Her marriages to Jackson and Cage attracted considerable media attention and helped increase her net worth through deals and merchandise sales.
5. Business Deals with Presley Entreprises
Lisa Marie Presley was involved in several business deals with Elvis Presley Enterprises, which owns and manages her father’s estate.
She sold the rights to Elvis Presley’s name and image for various commercial ventures, including movies, TV shows, and merchandise.
She also turned Graceland, her father’s mansion, into a museum tourist attraction property. Graceland became a National Historic Landmark in 2006, and about 500,000 people visit it yearly.
6. Memoirs and Book Deals
Lisa Marie Presley published two memoirs, Elvis and Me and The Intimate Life of Elvis Presley, both of which were commercial successes. She has also signed several book deals, contributing to her income and net worth.
7. Personal Property Acquisitions
Lisa Marie purchased several valuable items, including a California ranch, a luxury yacht, and a vintage car collection.
In December 1993, Lisa bought two properties in Hidden Hills, California. She paid $2.6 million for one parcel and $625,000 for the second. She listed the property for sale in July 2010 for about $7 million but ultimately accepted $5 million. In August 2014, the property, after improvement, was sold for $20 million to Kim Kardashian and Kanye West.
In March 2020, Lisa paid $1.8 million for a home in nearby Calabasas, California, and sold it in March 2022 for $2 million.
8. Income from Concerts and Performances
Lisa Marie Presley performed in several concerts and festivals around the world, earning a considerable income from her live shows. Her tours include:
- S.O.B. Tour (2003–2004)
- Now What Tour (2005–2006)
- Storm & Grace Tour (2012–2014)
9. Film and Television Payments
Lisa Presley made several film and TV appearances, including a cameo in Elvis & Nixon, The Wold’ Greatest Dad, Elvis Lives, and more. She has also appeared on several TV shows, including “American Idol” and “The Oprah Winfrey Show.”
10. Income from Merchandise Rights
Lisa Marie has licensed her image and likeness for various merchandise, including clothing, jewelry, and other products. This gave her increased income sources and improved wealth.
11. Investments in the Music Industry
Lisa Marie also invested in the music industry, including founding a record label called XIX Entertainment. She earned significant income through her investments in the music industry through labels, endorsements, and recordings.
12. Social Media Endorsements
Lisa Marie, a celebrity and famous personality, earned money through endorsements on social media, including sponsored posts on Instagram.
FAQ
What is Lisa Marie Presley’s net worth?
Lisa Marie Presley’s net worth was estimated to be $10 million.
How did Lisa Marie Presley inherit her fortune?
Lisa Marie Presley was the only daughter and child of her father, Elvis Presley. She inherited a significant fortune from her father, one of the most successful musicians ever. Elvis left her an inheritance of about $5 million, which increased to about $100 million by the time Lisa Marie acquired full acquisition in 1993 on her 25th birthday.
How much of Lisa Marie Presley’s net worth is from her music career?
While Lisa Marie Presley succeeded as a musician, most of her net worth came from her inheritance, business dealings, and other ventures. The amount of Lisa Marie Presley’s net worth from music is unknown, but it’s an insignificant portion of her wealth.
How did taxes affect Lisa Marie Presley’s net worth?
Lisa Marie Presley had to deal with significant tax bills throughout her life. In the early 2000s, she faced a particularly large tax bill of over $6 million, forcing her to sell some of her assets.
What is the story behind Lisa Marie Presley’s mansion?
Lisa Marie Presley’s mansion, known as the Presley Estate, is located in Beverly Hills, California, and was originally purchased by Elvis Presley in 1967. The mansion has a long history of famous residents and has been the site of many lavish parties and events.
What is the significance of Lisa Marie Presley’s tribute concert?
Lisa Marie Presley organized a tribute concert in 2007 called Elvis: Viva Las Vegas, to commemorate the 30th anniversary of her father’s death.
How did Lisa Marie Presley’s divorce proceedings affect her net worth?
Lisa Marie Presley’s divorce from musician Michael Lockwood was a contentious and drawn-out process that lasted several years. During the divorce proceedings, she was forced to pay significant legal fees and split some of her assets with her ex-husband.
How did Lisa Marie Presley’s mismanagement of her funds contribute to her net worth?
Lisa Marie Presley mismanaged her finances, which led to some financial difficulties. She sold her stake in Elvis Presley Enterprises in 2005 to pay off debts, which reduced her net worth. She also spent lavishly and excessively, which caused her estate’s massive losses.
What is the role of Elvis Presley’s Trust in Lisa Marie Presley’s net worth?
Elvis Presley’s Trust played a significant role in Lisa Marie Presley’s net worth, as it was the manager of her inheritance from her father.
What are some of the financial woes Lisa Marie Presley has faced?
In addition to the large tax bill she faced in the early 2000s, Lisa Marie Presley faced other financial difficulties. These include her divorce from Michael Lockwood and her admission that she mismanaged her finances. She was also involved in another lawsuit with her former business manager, who sued her for unpaid fees.
Takeaway
Lisa Marie Presley’s net worth exemplifies what is possible when building wealth and financial independence.
Although she had great inheritance and massive fame from her father, she still went out of her way to build her own wealth through income.
With the right mindset and hard work, anyone can create a net worth and achieve financial success. We believe everyone can shape their own financial destiny and create great wealth.
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