Posted on 01/13/2023 3:38:21 AM PST by dennisw
BUT they won't see a cent of $100million Elvis left his daughter because she lost it all
Lisa Marie Presley owned 100 percent of Graceland, the Memphis estate her father Elvis bought in 1957 for $100,000
The 1937 house was opened to tourists in 1982, but has remained a family home, with the Presleys gathering there for celebrations such as Thanksgiving The house will likely pass to her three surviving children - daughters Riley, a 33-year-old actress, and twins Harper Vivienne and Finley, 14 Her only son, Benjamin, took his own life aged 27 in July 2020 and Lisa Marie was left devastated by his death
Lisa Marie Presley's death at the age of 54 leaves the question of who will inherit Graceland, and what remains of the infamous $100 million inheritance which she said had been entirely spent, leaving her in $16 million debt by 2016.
Lisa Marie's finances remain contentious: her fourth husband, Michael Lockwood, lost his 2016 bid in their divorce to undo their prenup, but he reopened the case in 2021, demanding she pay the $4,600-a-month child support that a court ordered.
The case is yet to be settled, and the state of her finances is unclear.
She inherited $100 million in 1993, on her 25th birthday, but said that it had almost entirely disappeared thanks to mismanagement and bad investments.
Graceland, however, remained.
Lisa Marie, who grew up in the house, is likely to have passed it down to her three surviving children - actress Riley Keough, 33; and twin 14-year-old girls Harper Vivienne and Finley.
Her son, Benjamin Keough, took his own life in July 2020 following a lengthy battle with drug addiction and depression.
(Excerpt) Read more at dailymail.co.uk ...
She looked to me like a heroin addict.
In the 1970s all of the Vanderbilt met for a reunion at Biltmore. There was not one millionaire in the group.
You spend it on booze, whores and drugs, and the rest you just squander.
WC Fields — ‘I spent half my money on gambling, alcohol and wild women. The other half I wasted.’
They’ve somewhat cleaned up the area immediately around Graceland because they recognize the tourism value but if you get a couple of blocks away it’s horrible. They only cleaned it up in the last few years, before that it was ghetto right up to the walls. I’m sure it was nice when he bought it, but today the area is just a sewer.
She had major problems with drugs for years.
The whole area around Graceland is a ‘hood. No doubt about it, but the immediate area at Graceland is safe as it is protected well due to tourist dollars.
It would take me centuries to go through $100 million.
Wow! Drugs. $100 million and she still couldn’t find happiness. What a shame.
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