LIFESTYLE

Spendthrift Or Victim? Lisa Marie Presley’s Road To Bankruptcy

Date April 18, 2018 15:47

So what if Lisa Marie Presley has inherited a fortune from her world-famous and extremely talented father if people have just used her money as they wanted. It’s all about her ex-manager, Barry Siegel, who is said to mismanage her inheritance.

The only thing the poor woman has been left with is $14,000. And that’s nothing in comparison with what she had originally owned. And that’s the reason she’s filed a lawsuit against him.

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How come that now the woman is left with nothing? She says it’s Barry who got into some risky ventures as he wanted to become a celebrity in the entertainment industry.

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However, her ex-manager is of absolutely another opinion. He claims it’s only Lisa’s choices that led her to such a financial situation.

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In fact, that’s a classic thing that happens when people are not trained to manage their own money. Lisa didn't have a perfect example to follow because her father ended up almost bankrupt as well.

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Nicholas Cage, for example, earned $150 million and threw everything down the drain on expensive purchases. Johny Depp, in his turn, filed a lawsuit against his management but his spending manners were to blame as well.

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With that being said, let's agree it's only up to individual people to decide how much money they spend and where the money goes. But when it suddenly appears all their income is down the drain, it's necessary to accept the fact and try to learn from their own mistakes.