Lisa Marie Presley, singer-songwriter and daughter of Elvis and Priscilla Presley, passed away at 54. As the only daughter of the Rock and Roll Elvis Presley, Lisa was destined for a life in the limelight. Born in Memphis, Tennessee, on February 1, 1968, exactly nine months after her parents' iconic wedding, Lisa was raised in the birthplace of her father.
However, her childhood was marked by her parents' 1973 divorce, and at the young age of 4, Lisa relocated to the glittering city of Los Angeles with her mother. Despite being the only heir to one of the most legendary musicians of all time, Lisa Marie Presley's net worth was surprisingly lower than expected. Her father, Elvis, had amassed a massive fortune during his lifetime, but for reasons unknown, Lisa's share of the inheritance fell short of the grand expectations for the daughter of the King of Rock and Roll.
How Did Lisa Marie Presley Die? Cause of Death Revealed
The singer and songwriter Lisa Marie Presley passed away on January 12, 2023, after suffering from suspected cardiac arrest. At around 10:30 am, she suffered cardiac arrest at home in Calabasas, California. Her heart was restarted after CPR was issued en route to West Hills Hospital in L.A.
Later that day, Lisa left the world. Her mother, Priscilla, told PEOPLE, "It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us." Her public memorial service was held at Graceland on January 22, which hundreds attended, and it was watched online by over 1.5 million people.
Lisa, the only daughter of the legendary Elvis Presley, has found her final resting place among the lush greenery of the Graceland Meditation Garden. She rests peacefully next to her beloved son Benjamin and just a stone's throw away from her legendary father, forever surrounded by the love and adoration of her family and fans.
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Lisa Marie Presley's Family Mourns Her Death
Lisa Marie Presley was pretty close to her family members, and after her sudden death, the whole family was devasted. She was born on February 1, 1968, to Elvis Presley and Priscilla Presley. After her parents divorced, Lisa lived with her mom in Los Angeles and frequently stayed with her dad at Graceland in Memphis.
When her parents separated, Lisa was just four, and after her father's passing in August 1977, Lisa became joint heir to his estate with her grandfather, Vernon Presley. Upon the passing of her grandfather in 1979 and her great-grandmother in 1980, Lisa became Elvis' only heir; on her 25th birthday in 1993, she inherited the estate, which had increased to $100 million. In 2004, she sold 85 percent of her father's estate.
Furthermore, Lisa was also a mother of four children and was married four times in her life. Her first marriage was to musician Danny Keough, with whom she has two children, Riley and Benjamin. She was then married to Michael Jackson from 1994 to 1996. Her third marriage was to musician Nicolas Cage, which lasted from 2002 to 2004.
Lisa's fourth marriage was with guitarist Michael Lockwood, with whom she has twin daughters, Harper and Finley. In 2016, Presley filed for divorce from Lockwood after ten years of marriage. In February 2017, their kids were placed in the temporary care of Priscilla Presley after Lisa made allegations of improper pictures of kids on Lockwood's personal computer in a divorce court filing challenging Lockwood's request for spousal support. Their divorce was finalized in 2021.
Throughout her marriages, Lisa has been a subject of media scrutiny and has often made headlines for her personal life.
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How Much Was Lisa Marie Presley's Net Worth Before Her Death?
Lisa Marie Presley had a net worth of $10 million. Lisa held the keys to Graceland, the beloved estate of her legendary father, Elvis, through a trust. This magnificent mansion, now a thriving tourist attraction, has stood as a symbol of the King of Rock and Roll's enduring legacy for decades.
With Lisa's passing, the trust will pass to her children, ensuring that Graceland will continue to inspire and captivate fans for years to come, preserving the memory of Elvis for future generations. Furthermore, Lisa had also preserved a massive fortune from her musical career. She gave numerous hit songs that grossed millions of dollars.
Being a philanthropist, she was also associated with multiple organizations, which helped her get some profit. Despite having an impressive fortune, Presley also struggled financially. She lost $16 million in mortgage, unpaid tax, legal fees, and credit card bills. Although the late singer received monthly payouts of $4,361 from Graceland, it wasn't enough to save Lisa from financial ruin.