The financial struggles of Elvis Presley, who despite earning millions in his career, found himself in debt by the 1970s, were mirrored in the case of his daughter, Lisa Marie.
Despite inheriting a substantial sum from her father, Lisa Marie recently faced a debt of over a million dollars with the IRS. This came to light in November of last year, during her legal battle with her fourth and current husband, music producer Michael Lockwood, over custody of her twin daughters Harper and Finley.
Lisa Marie revealed her finances as part of the bitter battle over child support with her ex-husband Michael Lockwood. https://t.co/6ez9R6OgBv
— Radar Online (@radar_online) January 13, 2023
According to legal documents obtained by The Blast, Lisa Marie has a total of $95,000 in cash and $714,000 in stocks, bonds, and other assets. However, she also owes over $1 million in taxes, putting her in a state of financial trouble. She receives a monthly income of $104,000 from her 15% stake in Elvis Presley Enterprises and an additional $4,361 per month as an employee of Graceland. Her biggest issue is her expenses, which are high and leave her with little savings.
Years after the fact, Lisa Marie filed a lawsuit against Siegel, alleging that he invested her money in risky ventures with the goal of achieving fame in the entertainment industry. She also accused him of mismanaging the funds and prioritizing his own ambition. Today, Lisa Marie’s three surviving children are Riley Keough, 33, and twins Harper and Finley Lockwood, 14. Unfortunately, her son Ben Keough passed away in 2020 due to suicide.
Lisa Marie revealed her finances as part of the bitter battle over child support with her ex-husband Michael Lockwood. https://t.co/6ez9R6OgBv
— Radar Online (@radar_online) January 13, 2023