Lisa Marie Presley Net Worth
Lisa Marie Presley net worth: Lisa Marie Presley is an American actress and singer who has a net worth of $300 million. Lisa Marie Presley is probably most famous for being the daughter of Elvis Presley. She has released three studio albums during her career, two of which achieved gold status, She released her third studio album called Storm & Grace, in May of 2012. It features a bluesy and soulful brand of roots rock which many music critics said was perfect for Presley's talents as a singer and as a songwriter. Outside of the recording studio, Lisa Marie also curated an exhibit in honor of her famous father at Graceland. The exhibit, entitled "Elvis…Through His Daughters Eyes" contains over 200 items related to the King of Rock and Roll collected by Lisa Marie over the course of her life. She has also received accolades for her work in philanthropy, particularly in service of her hometown of Memphis, Tennessee, which is famous as the birthplace of the careers of many rock and roll legends.
Elvis Presley's estate: Lisa was 9 years old when her father died. After years of over-spending and financial mismanagement, the estate was worth just $5 million at the time ($14 million today). Elvis left joint control of the estate to Lisa, her grandfather Vernon and her great-grandmother Minnie Mae. Vernon died in 1979, and Minnie Mae died a year later. At this point, 12-year-old Lisa became the sole heir of the Elvis estate and trust fund. At the time, the estate was worth an estimated to be worth $100 million, roughly $295 million in today's dollars. According the terms of the trust, Lisa officially inherited her father's estate in 1993, on the day of her 25th birthday. In February 2005, Lisa sold 85% of the estate, including Graceland itself and all the property within, to intellectual property company Core Media Group, for approximately $100 million. The deal paid her $53 million in cash and absolved $25 million worth of debt that had been incurred by the estate. She also received $20 million worth of equity in Core Media Group (which at the time was called CKX Inc.).