Wow, Lisa Marie Presley is broke?
@LeaPea2417 (37357)
Toccoa, Georgia
February 28, 2018 1:04pm CST
I saw an article the other day and today there is another one on Yahoo that says, Lisa Marie Presley's 100 million dollar fortune is all gone! The daughter of the late great Elvis Presley said in these articles a combination of things has led to her loss of her fortune.
She is in the midst of a nasty divorce from her 4th husband. He is demanding a portion of her money for the raising of their two kids. She has also abused drugs like cocaine and has been in rehab. Also, the other article I saw the other day said where she had one of those financial people helping her with her estate that misused her money.
The article today also said she was 16 million dollars in debt!
It is crazy to think about how some rich people can misuse their money and end up with nothing.
Not only has she blown her fortune, but she's locked in a bitter divorce with her fourth husband, which has led to the revelation of her extensive substance abuse issues.
20 people like this
19 responses
@JohnRoberts (109846)
• Los Angeles, California
28 Feb 18
She must have some sort of income from the Presley estate.
5 people like this
@1creekgirl (41459)
• United States
28 Feb 18
That's just crazy. Hard to understand.
4 people like this
@LeaPea2417 (37357)
• Toccoa, Georgia
28 Feb 18
I agree, it is very hard to understand.
1 person likes this
@topffer (42156)
• France
28 Feb 18
The author's rights of Elvis Presley were 55 million dollars in 2012 and only 35 million in 2017. Life becomes hard when you have to reduce lifestyle. However, with 8 million dollars of author's rights falling in my wallet every quarter, I think I would be able to survive
.
.2 people like this
@topffer (42156)
• France
28 Feb 18
@CoralLevang We have actually a family battle in France about Johnny Haliday author's rights. He wrote his will in USA and removed two children from his inheritance, which is illegal here. It is "only" 10/12 million/year of author's rights
.
.1 person likes this
@topffer (42156)
• France
28 Feb 18
@CoralLevang I do not like the idea of disinheriting your children or your parents. For other members of a family it does not shock me.
1 person likes this
@FayeHazel (40243)
• United States
28 Feb 18
Wow. That is amazing, but it does make sense how it could happen
4 people like this
@LeaPea2417 (37357)
• Toccoa, Georgia
28 Feb 18
She has lived way too far beyond her means.
2 people like this
@scarlet_woman (23463)
• United States
1 Mar 18
she should have no problem getting some eventually.
it's like the jackson estate-as long as stuff still sells,they'll get something..
1 person likes this
@celticeagle (167210)
• Boise, Idaho
1 Mar 18
I guess that is a good lesson for people who have money. Do the opposite of what she did.
1 person likes this
@LeaPea2417 (37357)
• Toccoa, Georgia
1 Mar 18
Yes, hopefully rich people will learn from her big mistake.
1 person likes this
@louievill (28851)
• Philippines
28 Feb 18
Maybe it's because the more money you have the greater the expenses you would incur. It's a case of spending more than what the money that you have ( in her case inheritance)earns. The well would gradually dry up, very simple but mind boggling especially with huge amounts of money.
2 people like this
@LeaPea2417 (37357)
• Toccoa, Georgia
28 Feb 18
If I had that much money, I would make sure to live below my means. I would not let it go out of control.
@andriaperry (116936)
• Anniston, Alabama
1 Mar 18
The Lord give and the Lord take. Seems like she snorted it away.
1 person likes this
@LeaPea2417 (37357)
• Toccoa, Georgia
1 Mar 18
I agree, they should have been taught, had a lesson in managing money.
1 person likes this
@nela13 (58691)
• Portugal
1 Mar 18
@LeaPea2417 It is not only a famous persons' problem, I know a lot of adults that don't know how to manage their money and end up on debt.
1 person likes this
@Courage7 (19633)
• United States
1 Mar 18
@LeaPea2417 Yes I am wondering how much money she has at all..surely she is not completely broke or she would be homeless.
@LeaPea2417 (37357)
• Toccoa, Georgia
1 Mar 18
I agree. I guess they buy way too expensive houses and cars etc. If I had that amount of money, I would not go so full out and buy the most expensive of things.
1 person likes this
@LeaPea2417 (37357)
• Toccoa, Georgia
28 Feb 18
I agree, she should have been smarter with her inheritance. Now, what does she leave her kids? This hurts her children.
@LeaPea2417 (37357)
• Toccoa, Georgia
28 Feb 18
It is a combination of both I assume.
1 person likes this
That's a shame. I wonder what her mother Priscilla would think of that. I hope she gets the help she needs to fight her addiction and to help her with her divorce.@LeaPea2417 (37357)
• Toccoa, Georgia
28 Feb 18
Yes, I wonder what her Mom thinks & yes, I do hope she gets the help she needs to fight her addictions.
