Death of Elvis Presley: how did his only daughter Lisa Marie squander his immense inheritance?

On his sudden death exactly forty-five years ago, Elvis Presley bequeathed an immense musical heritage to the whole world, but not only. His only daughter, Lisa Marie, born of his complicated marriage with Priscilla, inherited more than 80 million euros. However, this fortune has been squandered over time. How could the icon’s daughter have lost such a sum? The British daily The Sun explain…

On August 16, 1977, Elvis Presley was found dead by his last girlfriend, Ginger Alden, after ingesting a large amount of medication. Having an only daughter, born a year after his marriage to Priscilla, he left her an inheritance of nearly 83 million euros. But due to mismanagement of this money, the pennies disappeared.

Lisa Marie Presley (54) has accused her ex-chief financial officer, Barry Siegel, and his company, Provident Financial Management, of mismanaging the trust fund left by her father and losing everything. She assured that the director paid himself an annual salary of more than 639,000 euros, while he was losing the fortune he was supposed to manage. If she asked for more than 700 million euros in damages, she also released a new album in 2019 to also make pocket money, Where no one stands alonea virtual father-daughter duo.

If the money problems are heavy, the ex of Michael Jackson has faced a much more painful ordeal: the death of his son. On July 12, 2020, Benjamin Keough, born of his relationship with musician Danny Keough, lost his life at the age of 27. According to the conclusions of the medical examiner, he had cocaine and alcohol in his blood when he died, a mixture which surely encouraged the young man, suffering from depression, to commit suicide at the family home. The devastated mother also has three other children, an eldest daughter, Riley Keough, actress and doula, and twins, Harper and Finley (13 years old) whom she had with Michael Lockwood.

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