Lisa Marie Presley is still battling her ex-husband over financial support but turns out she is making bank from her father’s music and other Elvis business.
Elvis Presley’s daughter revealed the stunning information in her divorce case against her ex-husband, Michael Lockwood. In this case, the former couple is battling over custody of their twin daughters and monthly financial support.
In new legal documents, obtained by The Blast, Lisa Marie Presley fired back at his demand for attorney’s fees and other costs but had to show what she brings in each month. Presley says she makes $4,361 a month as an employee of her late father, Elvis Presley’s famous home ‘Graceland’ in Memphis, Tennesse. Plus, she rakes in over $104,000 a month from “Elvis Presley Enterprises.”
Elvis Presley’s Music Earns His Daughter Over $100,000 Per Month!
Specifics of the Elvis business aren’t laid out, but we are guessing it comes from his music and merchandise sales using his likeness and image.
Interestingly, the document states her cash assets are only $95,266, and stocks, bonds, and other assets equal $714,775. Unfortunately, her estimated fair market value minus the debts she owes on her property is in the red — almost $-4,000,000! Presley’s expenses are huge, including $23,500 for rent each month, and she has over $92,000 in total monthly expenses.
Interestingly, she put $0 for savings and investments and $0 for charitable contributions. The problem is…Lisa Marie also claims to owe $1,000,000 to the IRS.
Lisa Marie Presley Claims Her $100 Million Elvis Fortune Went Up In Smoke
As for the perks of being a Presley, Lisa Marie has a pretty awesome car, a Maserati — which costs her $1,708 a month.
We broke the story, Lisa Marie sued her former financial advisor, claiming she lost a massive amount of her father’s money with bad investments and other issues.
In the filing, Lockwood is asking for approximately $120,000-$140,000 for attorney’s fees and costs. Lisa Marie’s attorney, Gary Fishbein, claims Lockwood and his counsel “have a demonstrated pattern of overlitigation and frustration of settlement that has unnecessarily and repeatedly increased Lisa Marie’s legal fees.” She is seeking to deny the fee request made by Lockwood and to award sanctions in her favor. With that said, Lisa Marie is seeking $12,805 in fees and $968 in costs in sanctions against her ex for dealing with his request for attorney’s fees.
The couple is due back in court in December, to hopefully finalize their pending settlement, and finally end their long legal battle. At the December hearing, they will likely have to hash out their further issues and have it all signed off by a Los Angeles judge.
The case is ongoing.