Elvis' Daughter Earns Less Than You Think

March 2024 · 2 minute read

Although Lisa Marie Presley inherited her father's estate and trust, she's reportedly worth -$16 million, according to Celebrity Net Worth. Yes, you read that right — negative 16 million dollars. So what happened? As it turns out, it's not really all of her fault.

To start, in November 2017, Lisa Marie alleged that her business manager, Barry Siegel, made some bad business deals, and ended up wasting $100 million of the estate, according to a write-up on Forbes. She sued him in 2018, after having him removed from his position a few years earlier in 2015. In the suit, she claimed that at trust was worth only $14,000 in 2015 when Siegel was removed, and that because he failed to provide an accurate picture of the estate he was managing, she wound up racking up loads of credit card debt. 

Siegel, meanwhile, maintained that it was Presley who squandered her money with reckless spending, according to a TMZ report, and put herself $20 million into debt back in 2003. The way Siegel told it, he was actually the one who fixed solved her debt issues for her. When she filed for divorce from Michael Lockwood in 2018, per a report from People, she claimed she was -$16 million in the hole, having about $10 million of unpaid tax debt and then just credit card bills and unpaid attorney's fees. 

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