Priscilla Presley’s Net Worth and Legal Dispute Over Lisa Marie’s Trust
Priscilla Presley married Elvis Presley in 1967, and the couple had a daughter, Lisa Marie. After their divorce, Priscilla received significant financial support, including 5% of the royalties from Elvis’ publishing companies. She also opened a successful boutique in Beverly Hills. After Elvis’ death, Priscilla presided over his estate and turned Graceland into a popular tourist attraction. However, a legal dispute arose over her trust after Lisa Marie’s death in January 2023.
The Legal Battle
Priscilla and Elvis’ manager, Barry Siegel, were named trustees of Lisa Marie’s trust after her father’s death. However, in 2023, an amendment in the trust replaced Priscilla and Siegel with Lisa Marie’s eldest children, Riley and Benjamin. Priscilla claimed the amendment might be fraudulent, as she has yet to receive it, and the date seemed suspicious. She also contended that Lisa Marie’s signature needed to be more consistent with her usual and customary signature. The legal battle lasted several months, but a settlement was eventually reached, reportedly worth several million dollars.
Priscilla’s Net Worth
Priscilla’s net worth is around $50 million, according to Celebrity Net Worth. After her divorce from Elvis, she received a $725,000 cash payment, child support, spousal support, 50% of the proceeds from selling their home in Beverly Hills, and 5% of the royalties from Elvis’ publishing companies. She also opened a successful boutique that attracted high-profile clients like Diana Ross, Barbra Streisand, and Cher. After Elvis’ death, Priscilla turned Graceland into a popular tourist attraction and became president and chairwoman of Elvis Presley Enterprises, which reportedly earns $10 million in a typical year.
After Lisa Marie’s death, her daughters, Riley Keough and Harper and Finley Lockwood, inherited Graceland and her trust. Lisa Marie shared Riley with her ex-husband, Danny Keough, and twins Harper and Finley with her ex-husband Michael Lockwood. Her son, Benjamin Keough, died by suicide in 2020. Priscilla’s legal dispute with Lisa Marie’s trust reportedly caused tension within the family.
Priscilla Presley’s net worth is significant, thanks partly to her successful boutique and her management of Elvis’ estate. After Lisa Marie’s death, a legal battle over her trust ensued, but a settlement was eventually reached. The matter reportedly caused tension within the family, but Lisa Marie’s daughters inherited her trust and the Graceland estate. Despite the legal dispute, Priscilla remains a key figure in Elvis Presley Enterprises and the preservation of Elvis’ legacy.