From $100m To $14,000: The Legacy Of Elvis Presley Dwindles As His Daughter Sues Her Ex-Manager For Mismanagement

Date February 27, 2018

Money lessons are essential nowadays no matter how much you either make or inherit. Money problems that are exactly what’s happened to Lisa Marie, the daughter of Elvis Presley. She is in the middle of the divorce with her husband Michael Lockwood. What is more, he demands $450k from her to cover his attorney fees. And that’s how it came out that Lisa has a debt of $16million, where $10million is the amount of her unpaid taxes from 2012 to 2015.

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What is more, Elvis’s daughter has faced another misfortune. It’s appeared that her father’s fortune of $100million she inherited back in 1993 is down to $14,000. Lisa Marie Presley accused her former manager Barry Siegel of “reckless and negligent mismanagement” of her estate.

READ ALSO: Elvis Presley’s Carbon-Copy: His Grandson, Benjamin Keough, Looks Just Like The King Of Rock And Roll

By the way, Elvis Presley is known to be one of the highest-paid dead celebrities. $35 million that’s how much he earned over 2017. In addition to the money for his albums, he makes money from entertainment and lodging near the residence he used to live in.

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