How did Lisa Marie Presley lose all the Elvis millions? She inherited the King of Rock ‘n’ Roll’s Graceland estate and was even married to Michael Jackson, but is now US$16 million in debt

Jun 30 , 2022

Lisa Marie Presley, King of Rock Elvis Presley’s only daughter, is all grown up. Photos: Archive, @mahamedmh/Twitter

She inherited her superstar father’s famous Graceland estate at age 25 – but is now locked in legal battles after mounting millions of unpaid credit card and tax bills

After having children Benjamin and Riley Keough with first husband Danny Keough, she married the King of Pop in 1994 – before shacking up with Hollywood royal Nicolas Cage in 2002

We all know the name Lisa Marie Presley thanks to her famous family and notable ex-husbands. She is, of course, the only daughter of the King of Rock ‘n’ Roll, Mr Elvis Presley, with actress Priscilla Presley.

And the 54-year-old’s own former spouses include a certain King of Pop, Michael Jackson, and Hollywood hardman Nicolas Cage – as well as musician Danny Keough and music producer Michael Lockwood.

But despite the showbiz pedigree, it’s both surprising and shocking to learn that Lisa Marie’s financial status is firmly in the red. According to various sources, her current net worth is ranked at minus US$16 million, due to her racking up massive debts and a healthy dose of bad luck.

Happier times: Elvis, Priscilla and Lisa Marie Presley relaxing at Graceland. Photo: @ElvisRocks4Ever/Twitter

Here, we take a look at her life story, from a gilded upbringing born into millions to losing it all – and finding love four times along the way.

Rocky marriages and heartbreaking divorces

Then husband-and-wife Michael Jackson and Lisa Marie Presley together in 1995. Photo: AP

Lisa Marie Presley has had an interesting love life, to say the least. The singer-songwriter was first married to music producer Danny Keough from 1988 to 1994, with whom she had two children (late Benjamin Keough and actress Riley Keough). She then married Michael Jackson – at that point the biggest superstar on the planet – 20 days after her divorce from Keough.

Nicolas Cage with then-girlfriend Lisa Marie Presley at the Los Angeles premiere of his film Windtalkers, in 2002. Photo: Reuters

Their marriage lasted for two years, the two filing for divorce in 1996, citing irreconcilable differences. She then was briefly engaged to musician John Oszajca before leaving him for actor Nicolas Cage, whom she met at a party in 2000. The two tied the knot two years later and their marriage lasted until they separated in 2004.