On Thursday, Lisa Marie Presley, the only child of Elvis Presley, passed away at the age of 54. She was rushed to the hospital earlier that day and was later pronounced dead. Her mother, Priscilla Presley, released a statement confirming the news and expressing her grief, stating, “It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us. She was the most passionate, strong and loving woman I have ever known.” Los Angeles County paramedics were dispatched to a Calabasas home following a report of a woman in full cardiac arrest. Property records indicate that Presley was a resident at the address.
Lisa Marie Presley Cause of Death
Lisa Marie Presley, the only child of Elvis Presley, has died after suffering a severe cardiac arrest. According to sources with direct knowledge, it was Presley’s housekeeper who found her unresponsive in her bedroom at her Calabasas residence. At the same time, Presley’s ex-husband, Danny Keough, arrived home from taking their children to school and performed CPR until paramedics arrived. A spokesperson for the Los Angeles County Sheriff’s Department has confirmed that paramedics were dispatched to the 5900 block of Normandy Drive in Calabasas to treat a woman in her 50s who was not breathing. When they arrived, the paramedics began CPR and, upon noting that the patient had “signs of life,” transferred her to a local hospital for “immediate medical care.”
Lisa’s life in a Nutshell
Lisa Marie Presley, the only child of Elvis Presley, was born on February 1, 1968 in Memphis, Tennessee. She was the only child of the legendary musician and his wife, Priscilla Presley. Growing up in the spotlight, Lisa Marie had a unique childhood, filled with the privilege and fame that came with being the daughter of one of the most iconic figures in the music industry.
Lisa Marie’s early years were spent primarily in Memphis, where she lived with her parents at Graceland, their famous mansion. She was a shy and introverted child, and her parents often kept her out of the public eye to protect her from the intense media attention that surrounded their family. Despite this, Lisa Marie was close to her father and spent a lot of time with him, even occasionally joining him on stage during his concerts.
However, the luxury and privilege that came with her upbringing, Lisa Marie’s childhood was also marked by trauma and loss. Her parents divorced when she was just nine years old, and her father’s drug addiction and untimely death at the age of 42 had a significant impact on her. In an interview with Oprah Winfrey, Lisa Marie described her father’s death as “heartbreaking,” and said that it took her a long time to come to terms with the loss.
Despite the difficulties of her childhood, Lisa Marie was determined to make a name for herself in the entertainment industry. She started singing and writing music at a young age and began performing publicly in the 1990s. In 2003, she released her first album, “To Whom It May Concern,” which debuted at number five on the Billboard 200. The album received positive reviews and was certified gold. Her follow-up album, “Now What” was released in 2005 and also received positive reviews.
Lisa Marie also appeared in several films and television shows, including “The Outsiders,” “The Ellen Show,” and “1,000 Ways to Die.” She also had a brief acting career.
Despite her successful career, Lisa Marie’s personal life was often the subject of media scrutiny. She was married four times, including to musician Danny Keough, actor Nicolas Cage, and musician Michael Jackson. She had four children, two of whom are from her first marriage and the other two from her second marriage.
In 1988, Lisa Marie Presley tied the knot with Danny Keough, with whom she had two children before their divorce in 1994. Tragically, their son Benjamin took his own life in 2020 at the age of 27. After her split from Keough, Presley swiftly moved on and married Michael Jackson, however their marriage was short-lived and she filed for divorce in 1996. She then became engaged to musician John Oszajca, but ultimately ended the relationship to marry Nicholas Cage in 2002. However, this marriage also ended quickly, and they divorced later that year.
In 2006, Presley remarried to Michael Lockwood and the couple welcomed twins in 2008. However, in 2016, she filed for divorce and sole custody of the children, citing the discovery of child pornography on Lockwood’s computer as the reason for the split.
Lisa Marie Net worth – $16 Million in Debt.
Lisa Marie Presley, the daughter of Elvis Presley, had a unique upbringing as the only child of a music icon. She inherited her father’s fortune when she was just 9 years old, after his untimely death in 1977. However, her inheritance was managed by her mother, Priscilla Presley, who was appointed as the sole executor of the estate. Priscilla took the innovative step of turning Graceland, Elvis’ mansion, into a museum, which helped to rebuild the estate and pay off all debtors and expenses. By the time Lisa inherited her father’s estate at age 25, it was worth $100 million.
In order to manage her inheritance, Lisa Marie established a revocable living trust and appointed Barry Seigel to handle the funds. In 2005, Seigel made the decision to sell 85% of EPE (Elvis Presley Enterprises), an organization that managed all of Elvis’ image rights and royalties. Although the EPE was worth $100 million, the deal only net Lisa Marie $40 million after taxes. The deal also included $25 million worth of stock in the future holding company of American Idol.
Unfortunately, the money completely dried up between 2005 and 2015. Part of this was due to Lisa’s excessive spending habits, but it was also probably due to mismanagement by Seigel and other financial managers. When everything was said and done, Lisa Marie was left with just $14,000 in the trust she had established. She also reportedly had over $500,000 worth of credit card debt. In 2015, Lisa Marie Presley fired Barry Siegel, and two years later, she filed a lawsuit against her former business manager for allegedly squandering $100 million of her fortune and leaving her broke.
In 2018, court documents from Lisa Marie’s divorce proceedings with Michael Lockwood revealed that she was $16 million in debt. An estimated $10 million of the debt was related to unpaid taxes dating from 2012 to 2015. The rest of the debt was credit card bills and unpaid attorney fees. The ongoing legal battle between Lisa and Seigel was put on hold in 2020 due to the Covid-19 pandemic.