Lisa Marie Presley, daughter of the legendary rock ‘n’ roll icon Elvis Presley, has long been in the public eye for her famous lineage and tumultuous personal life. However, there’s more to Lisa Marie than just her famous last name. Over the years, she has built a remarkable net worth through her various endeavors, cementing her own place in the spotlight. In this article, we delve into the astonishing net worth of Lisa Marie Presley and shed light on her financial success.
Early Life and Inheritance:
Born on February 1, 1968, in Memphis, Tennessee, infomatives Lisa Marie Presley was destined to be surrounded by fame. As the only child of Elvis Presley and Priscilla Presley, she inherited a significant fortune following her father’s death in 1977. The Elvis Presley estate, known as Graceland, became a financial goldmine for Lisa Marie.
In 1993, she inherited her father’s estate, which included the iconic Graceland mansion, extensive music rights, and various valuable memorabilia. This inheritance catapulted Lisa Marie into a unique position, allowing her to make shrewd financial decisions and build upon her father’s legacy.
Lisa Marie Presley embarked on her own music career in the late 1990s, signing a multi-album deal with Capitol Records. Her debut album, “To Whom It May Concern,” released in 2003, received mixed reviews but showcased her talent as a singer-songwriter. The album peaked at number five on the Billboard 200 chart.
Despite not achieving massive commercial success, aboutbiography Lisa Marie’s music career contributed to her overall net worth. She released two more albums, “Now What” (2005) and “Storm & Grace” (2012), which showcased her growth as an artist. While her music sales might not have reached astronomical figures, the albums and associated tours generated revenue and added to her financial portfolio.
Business Ventures and Investments:
Apart from her music career, Lisa Marie Presley has explored various business ventures and investments, further augmenting her net worth. She co-founded a company called Presley Charitable Foundation, which aimed to support charitable causes around the world.
In 2005, Lisa Marie also became the co-owner of Elvis Presley Enterprises (EPE), alongside entrepreneur Robert F.X. Sillerman. This partnership led to the growth and expansion of Graceland, turning it into a thriving tourist attraction. With Lisa Marie’s involvement, Graceland has seen significant renovations, including the addition of museums, exhibits, and annual events, attracting Elvis fans from all corners of the globe.
Legal and Financial Challenges:
Despite her financial success, Lisa Marie Presley has faced her fair share of legal and financial challenges. She endured a tumultuous marriage and subsequent divorce from musician Michael Jackson and later married and divorced actor Nicolas Cage. These high-profile divorces led to hefty settlements and legal fees, impacting her net worth.
In recent years, Lisa Marie has also faced financial troubles, filing for bankruptcy in 2017. However, her financial situation has since improved, and she has made efforts to rebuild her fortune.
Current Net Worth:
As of 2021, Lisa Marie Presley’s net worth is estimated to be around $50 million. While this figure might pale in comparison to her father’s astronomical earnings during his career, it is a testament to Lisa Marie’s ability to preserve and grow her inheritance.
Lisa Marie Presley has not only upheld her father’s musical legacy but has also built a substantial net worth through her own endeavors. From her music career to her business ventures and investments, she has demonstrated business acumen and resilience in the face of personal challenges. While her net worth may fluctuate over time, Lisa Marie Presley’s financial success serves as a testament to her ability to thrive independently and carry on the Presley legacy.