Lisa Marie Presley, the only child of Elvis and Priscilla Presley who died on January 12 at age 54, leaves behind a rock-and-roll legacy — including a rocky financial path marked with losses and lawsuits over money.
Starting in 2005, Presley suffered an"11-year odyssey to financial ruin," the lawsuit claimed."Lisa has been damaged in an amount that has not yet been fully ascertained, but is believed to be in excess of $100 million."
The suit followed her 2021 divorce from musician Michael Lockwood. During the divorce proceedings, Presley claimed she wasPresley blamed the root cause of her financial woes on a 2005 deal to sell an 85% stake in the Elvis Presley Estate to CKX, an entertainment company that also owned the"American Idol" television show.
Singer and actress Lisa Marie Presley arrives for the premiere of"Mad Max: Fury Road" at the Chinese theatre in Hollywood, California, on May 7, 2015.To be sure, Presley didn't come away empty handed from the deal: She received $50 million plus stock in CKX, along with keeping a 15% interest in EPE, as well as the title to Graceland, the Associated Press
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