She blew the 100 million she got from Elvis. Wow! Scientology must have gotten a good chunk.
“Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also. Matthew 6:19-21
How in God’s name to you lose $100 million?
Easy. Start with two million.
It is hard to build assets, and easy to lose them.
Most of the great family fortunes are dissipated in a couple of generations, and new ones arise.
She just died and the main concern is who gets Graceland? Seems rather insensitive, even to me.
Given how long he was a star, compound interest, amount of songs he sang, his likeness etc., there should have been at least a couple of hundred million, if not a billion. The most comparable musical superstar wrote his own songs (Wacko Jacko) so perhaps not a billion. A shame the money was lost and/or squandered.
I'm guessing it was probably purchased and now controlled by some investment firm outside of the Presley family.
If the article said so, I didn't read it. Daily Fail's garbage website is so cluttered and buggy, it's slows my poor laptop to a crawl.
* $16 million debt by 2016.*
I read somewhere that $10 million of the 16 million was owed to the IRS.
Good grief. who cares? The gal just dropped over dead yesterday and the Daily Mail already is moving to who gets what is left. Crass and tacky.
Of course, the family unless she signed it over to someone else.
Wonder how they’ll keep what’s left out of the ex-husband(s) hands?
How do you possibly blow through $100 million so fast ?
Probably drugs and yes, scientology church.
She was only 54 and died of cardiac arrest which seems strange without an underlying medical condition. Was she obese, heart condition, drugs, alcohol or some type of sexual deviancy?