Lisa Marie’s millions: She was custodian of Elvis’ $100 million estate, sued the ex-CEO for mismanagement — and lost half of it in a vicious divorce from her fourth husband, Michael Lockwood
- Lisa Marie was only nine years old when her father Elvis died in 1977, but she inherited his estate when she turned 25, including Graceland
- The king was reportedly worth just $5 million at the time of his death, but the value has blossomed largely thanks to Priscilla, who turned Graceland into a tourist attraction
- When Lisa Marie was trusted in 1993, it was worth over $100 million, but her decision to hire Barry Siegel as CEO was disastrous
- Two years into his tenure, Siegel sold 85 percent of the trust’s shares to Elvis Presley Enterprises — including Lisa Marie’s rights to her father’s name and likeness
- Lisa Marie was left with $40 million, but almost all of that money was spent between 2005 and 2015, with just $14,000 when she fired Siegel in 2015
- In 2018, she sued Siegel for $16 million in debt: She also faced demands from ex-husband Michael Lockwood for $40,000 a month in child support payments
- Lockwood and Presley were still fighting their finances in court at the time of her death, with Lockwood demanding cash from her part in the Elvis biopic
Lisa Marie Presley’s death at age 54 has left unresolved legal battles over her finances and questions about how she managed to lose the $100 million fortune her father left her.
Presley, whose death was confirmed by her mother Priscilla on Thursday, was still fighting her fourth and final husband, Michael Lockwood, when she died.
Lockwood, father of her twin daughters Vivien and Finley, was demanding $40,000 a month in child support and insisted she had more money than she claimed in court documents.
Presley, in turn, said she was at one point $16 million in debt following disastrous business deals by her CEO, Barry Siegel.
She sued him in 2018, accusing him of abusing her inheritance.
Lisa Marie Presley was Elvis’ only child and died in 1977 at the age of nine. On her 25th birthday, he left her his entire fortune
Lisa Marie Presley can be seen at the Golden Globes on Monday night
Presley was married to actors Danny Keough, Michael Jackson and Nicholas Cage before Lockwood, but she is not believed to have benefited financially from her marriages to the King of Pop and Oscar winner.
As Elvis’ only child, his entire estate was left to her in his will when he died in 1977 at the age of 42.
She took control of the Trust in 1993 at the age of 25.
At the time of his death, Elvis was only worth $5 million, but Priscilla deftly turned Graceland into a tourist attraction and founded Elvis Presley Enterprises to capitalize on his image and huge following.
When Lisa Marie took over the reins, the fund was worth a whopping $100 million.
In 1995, she hired Barry Siegel to manage the money.