In court documents, Lisa Marie Presley, the daughter of the late Elvis Presley, revealed that she’s in debt $16 million. In 2016, the 50-year-old daughter of the legendary entertainer filed for divorce from her husband, Michael Lockwood. The pair share two twin daughters.
Following their court battle, documents related to their separation offer a glimpse into her deteriorating finances. The report obtained by E! Online reveals she owes $16.7 million, exactly.
Lisa supposedly owes around $10 million in taxes, $47,800 in credit card bills, and owes tens of thousands of dollars to her attorneys. The documents state that she earns around $4,361 per month from her father’s estate and she receives approximately $100,000 in dividends and interest from several of her investments.
Lisa has one 24-year-old son, Benjamin Keough, and a 27-year-old daughter, Riley Keough, and both children pay some of her bills. Presley allegedly pays around $120,000 per month in mortgage payments as well as rent, food, attorney fees, utilities, and lawyer fees.
The daughter of Elvis Presley had to reveal her financial circumstances because her ex-husband demanded she pay his $450,000 lawyer bill.
In 2017, Lisa said in court that she couldn’t afford to pay for his lawyer fees or spousal support. A judge determined she must pay $50,000 to cover her ex’s expenses over a period of five months.
Presley must pay the bills while a trial determines the validity of a post-nuptial agreement which they both signed in 2006 after their relationship collapsed.
Additionally, in 2017, Lisa said in court that she owed the IRS $1.5 million, the UK government $5 million, as well as $250,000 in state taxes and thousands of dollars in other miscellaneous debts. Last year, Presley stated her former business manager didn’t pay her taxes which left her a “consider tax liability.”