Introduction:
Discovering the Wealth of Lisa Marie Presley
• Lisa Marie Presley is the only child of Elvis Presley and has a famous name and legacy to live up to.
• But what is the singer-songwriter and actress’s net worth?
Early life and family:
A Royal Upbringing
• Elvis Presley and Priscilla Presley’s union produced Presley, born in Memphis, TN, on Feb. 1, 1968.
• In 1994, Presley welcomed a twin brother, Navarone Garibaldi, into the world.
• Presley grew up in the iconic Graceland mansion in Memphis before moving to California with her mother.
Career:
Creating Her Own Identity
• Presley made his singing debut at age 5, performing “I Love You Because” at the Elvis Presley International Hotel in Vegas.
• In 2003, she released “To Whom It May Concern,” which reached the top five on the Billboard 200.
• Over the years, Presley has released four studio albums and sold over five million records worldwide.
• In addition to her music career, Presley has also tried her hand at acting, appearing in films and television shows.
Net Worth:
The numbers don’t lie.
• So, just how wealthy is Lisa Marie Presley?
• According to Celebrity Net Worth, Presley has an impressive net worth of $300 million.
• Presley inherited over $100 million from her father’s estate in 1977.
• Presley’s successful music and acting careers, endorsement deals, and smart investments have earned her an income.
Financial Struggles:
Overcoming Adversity
• Despite her considerable wealth, Presley has faced financial difficulties in recent years.
• Various creditors forced Presley to declare bankruptcy in 2018 after she owed over $16 million to them, including a $6.5 million debt to the Internal Revenue Service (IRS) for unpaid taxes.
• Presley claimed that her former business manager, Barry Siegel, advised her to take out a loan to pay off her IRS debt, but that the loan caused her to incur even more debt.
• Presley later sued Siegel, who had been managing her finances for over a decade, for mismanaging her money and causing her financial ruin.
In 2019, Presley and Siegel settled the lawsuit, with Siegel agreeing to pay Presley $9.8 million in damages.
Philanthropic activities
There are several philanthropic activities that Lisa Marie Presley has been involved in over the years. Some of these include:
The Presley Foundation:
Lisa Marie Presley established the Presley Foundation in honor of her father, Elvis Presley, to support various charitable causes and organizations.
Children’s Charities:
Presley has been actively involved in supporting children’s charities, including St. Jude Children’s Research Hospital and the Children’s Health Fund.
Environmental Causes:
Moreover, Presley has been a vocal advocate for environmental causes, advocating for organizations such as the Natural Resources Defense Council and the Rainforest Foundation. Furthermore, he has even gone so far as to personally donate to these organizations. Additionally, he has even taken part in various fundraising events in order to increase awareness of the need to preserve the environment. In addition, he has also spoken out publicly about the importance of environmental conservation. Consequently, his efforts have helped to galvanize public opinion on the issue of climate change.
Animal Welfare:
Presley is an animal lover and has supported various animal welfare organizations, including the Humane Society and the ASPCA.
Music Education:
Additionally, Presley has also lent her support to music education initiatives such as the Grammy Foundation’s music education programs.
Conclusion:
A Legacy Worth Maintaining
• Lisa Marie Presley may have inherited a fortune, but she has also worked hard to establish herself as a successful singer-songwriter and actress in her own right.
• With a net worth of $300 million, she has proven to be a financially savvy individual who has made the most of her opportunities.
• Despite facing financial struggles, Presley has remained determined and resilient, continuing to work as a singer and actress.
• Furthermore, whether she is carrying on her father’s legacy or creating her own path, Presley is a formidable force in the entertainment industry.
