One Presley is in debt worth millions of dollars.
Baz Luhrmann’s Elvis, the film revolving around King of Rock’ n’ Roll’s (Austin Butler) rise to fame and complex relationship with his manipulative manager Colonel Tom Parker (Tom Hanks), is now in cinemas.
While the drama depicts Elvis Presley’s global stardom, it also gives a glimpse into his extravagant lifestyle. From owning a private jet to acquiring the 13.8-acre mansion known as Graceland, the Memphis native had untamed spending habits.
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According to the Los Angeles Times, Presley would burn through cash, record a new album, perform on tour, or act in films when he needed more money. In addition, instead of getting a standard 20 to 25 percent cut from his client, Parker demanded a 50 percent fee from all of Presley’s projects.
Upon his untimely death in 1977 due to heart disease, the “Burning Love” singer had a net worth of $5 million, which would equal over $24 million today. However, at the peak of his career, around a decade before passing, he’d receive $1 million per show or almost $10 million in current times.
Beyond a sizable inheritance, the rockstar left his legendary name and reputation to his family. Here is how much his relatives are worth today.
Priscilla Presley
Estimated net worth: $50 million
The rock star married his first and only wife for six years, from 1967 to 1973. Priscilla, now 77 years old, became an actress, starring in the TV series Dallas and The Naked gun film franchise. Two years after Presley’s death, Priscilla founded and acted as Presley Enterprises’ chairwoman and president. The corporation manages Presley’s assets, including Graceland, which is open to the public.
Lisa Marie Presley
Estimated net worth: -$16 million
Lisa Marie is Presley’s only child with his then-wife Priscilla. After releasing her debut album “To Whom It May Concern” in 2003, she recorded two more titled “Now What” and “Storm & Grace.”
However, the musician is in debt, totaling $16 million, as per Celebrity Net Worth.
Upon inheriting her father’s estate worth $100 million at 25, Lisa Marie established a revocable trust and appointed her ex-business manager Barry Seigel to manage the funds. According to the publication, her money dwindled due to excessive spending habits and mismanagement by Seigel.
Riley Keough
Estimated net worth: US$5 million
The daughter of Lisa Marie and granddaughter of Presley began modeling at 15. The now 33-year-old has walked for Dolce & Gabbana and Dior, and like her family, she exercises her acting chops. In 2012, Keough appeared in Magic Mike and later starred in the Mad Max revival films.
During Lisa Marie’s past marriage with Danny Keough, she had a brother, Benjamin. However, in 2020, he tragically lost his life to suicide.
Banner image from @elvis on Instagram.
