What is Lisa Marie Presley Worth? Lisa Marie Presley signed a 952 million dollar Pre-Nuptial Agreement before she wed the fourth time to Michael Lockwood
Despite the signed Pre-Nutial Agreement Lisa Marie Presley has been ordered by the court to shell out $10,000 a month to aid in Michael Lockwood’s legal expenses. The payments begin on the 15th of each month for the next five months.
Lisa Marie eight-year-old twins with Lockwood, will not have to pay spousal support to Lockwood for the time being, though the legal papers indicate that the court “retains jurisdiction” to order Presley to retroactively pay child support, if it’s determined that a waiver of spousal support contained in a 2007 post-nuptial agreement between Presley and Lockwood is not valid.
The estranged husband of Lisa Marie Presley has hit back at allegations that he held “disturbing” images of children, calling the accusations unproven and malicious. Michael Lockwood, a musician, was accused by the daughter of Elvis of having illegal images on his computer.
“When I discovered the photos on [Lockwood’s] computer, and viewed the videos, I was shocked and horrified and sick to my stomach,” she wrote in court documents. Ms Presley, 49, filed for divorce from Mr Lockwood in June after 10 years of marriage. She was previously married to a fellow Scientologist, Danny Keough, and to Michael Jackson. She also spent 108 days married to actor Nicolas Cage.
Her divorce from Mr Lockwood has now become a battle for money, with Ms Presley claiming that she has little of her $100 million inheritance left, and Mr Lockwood seeking spousal support.
Lisa Marie receives $466,000 a month [$15,500 per day] or [$5.6 million a year] from the trust Elvis set up for her before his death in 1977 which she inherited at age 30.
Lockwood said that Ms Presley’s lawyer threatened to make Ms Presley’s accusations public, unless Mr Lockwood abandoned his bid to get $40,000 a month in spousal support and $100,000 towards his legal fees. “I am disgusted that (she) described unproven allegations about me…in a declaration that she filed in this court’s publicly accessible records,” Lockwood strongly rejected all Presley’s claim in the legal documents.
“As I experienced during our more than 10-year marriage and as I believe this court will learn (Presley) has great difficulty being honest and she rarely, if ever, accepts personal responsibility for her own wrongdoing.
“It is particularly distasteful that (she) has placed more value on trying to damage my reputation than on the fact that her false statements may be brought to our daughters’ attention.”
Lisa Marie has checked into rehab at a cost of $US400,000 a month. The 48-year-old daughter of Elvis Presley, is reportedly seeking treatment for a painkiller addiction at a Treatment Centre in Los Angeles.
Lisa Marie Presley could lose her twin girls over her booze and drug addictions. Lisa Marie’s estranged fourth husband, Michael Lockwood, is seeking full custody of his twins Harper and Finley.
At Lisa’s request, child protective services was brought in to monitor the situation. Now she regrets that decision because the social worker put her under a microscope and based on a negative evaluation, Lisa was sent to rehab.”
Lisa Marie Presley Michael Jackson Story Lisa Marie Presley signed a 952 million dollar pre-nuptial agreement before she wed for the fourth time, according to US reports. Insiders say Lisa the late Elvis’ only child is desperate to protect her fortune after previous marriages failed. The 38-year-old married musical director Michael Lockwood, 44, in a lavish $340,000 Japanese ceremony January 22, 2006
One pal said: “She swore the only reason she would get married again would be to have more children. “She was hoping to be pregnant by the time they announced the wedding. “Only time will tell.”
Lisa, worth a reported $952m, earns an estimated $8.2m a year from the tourism business surrounding Elvis’ former home, Graceland. She sold part of the lavish Memphis estate last year for $136m. She met guitarist Lockwood two years ago but she insisted on the pre-nuptial agreement in case the union fails. A wise legal agreement protect her fortune.