Presley, a singer-songwriter like her father, wasn't rich enough to make the Forbes list of highest-paid entertainers, while some celebrity websites even estimated that she may have had a negative net worth at her death.
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.
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