Lisa Marie Presley is millions in debt

In the middle of her divorce battle, the “King’s” daughter, Lisa Marie Presley, introduced documents that show that  she has a debt of $16 million.

Two years ago, the singer, who is more famous for being Elvis Presley’s daughter, and for being married to the late Pop King, Michael Jackson, filed for divorce from her current husband, Michael Lockwood.

Recently, her lawyer submitted documents that showed that Lisa is more than $16 million in debt. She explained to the court that she has to pay $10 million in taxes for the last few years, $6 million for her UK home mortgage, around $50 000 for bills on her credit cards,  and tens of thousands of dollars for attorneys.

As the record showed, Lisa’s current monthly salary from her late father's estate is slightly over $4,361, and she receives dividends and interest from investments, which sums up to $100,000.

As further evidence of her hard financial situation, Lisa stated that she lives with her children and her husband, and that her monthly expenses are over $120,000, which includes rent, mortgage payments, rent, utilities, attorney fees, credit card debt, and food.

 

What's Hottest

Hottest After 10 years of union why Ben and Jen split?

Fans and the film fraternity are very morose with the news of their split after 10 years of happy nuptial bond. Yes, we are talking about the hottest Hollywood couple Ben Affleck and Jennifer Garner. The duo started their courtship since the days of the Daredevil shoot almost a decade back and later…

Read More
Bella Thorne & Gregg Sulkin Falling In Love He’s Totally ‘Head Over Heels For Her’
Tyga Wants Kylie Jenner To Continue Flaunting Her Killer Body
Kim Kardashian Scolds Kylie Jenner, Here Is Why
Troubled Mariah Carey

Most Recent

Orlando Bloom and Selena Gomez Go Out For A Late Hangout

When it comes to Justin Bieber and Selena Gomez there are plenty of things that you can actually say about the two. Despite the fact that they are separated they still find ways of getting in touch or the attention of each other. If it’s not Justin Bieber hanging out with Kendall Jenner or…

Glamorous Female Celebrities over 40
Different side of Miley Cyrus
Fans React To Chris Soules & Whitney Bischoff Split
Are Bruce Jenner & Ronda Kamihira A Couple
Tyga Is A Bad Influence On Kylie Jenner: The Kardashian Family
Tyga Hopes New Songs He’s Writing For Kylie Jenner Will Win Her Forgiveness
Bruce Jenner And Details On His Gender Transition
Bobbi Kristina's Gran Talks about Granddaughter's Difficult Condition
Bradley Cooper Splits with Girlfriend of Two Years
Makeup-Free Kim Kardashian

Most Popular

Sites To See Macy’s 4th Of July Fireworks

Many of the new York city tourist attraction are open for 365 days in every year, though it has been observed that some are open for only limited hours in a day. The 4th of July was a great day for any of the tourist who had visited the cities, for they had all the advantages to have the sight of…

What Was In It For The Fans?
Importance of Event Management in the World of Arts And Entertainment
Great Plains Theatre Conference Has Begun
What's in store from the greatest feature amusements demonstrate on Earth
City of Arts and Sciences
Review: Cherry Bomb and a new app from Tyler, the Creator
Maisie Williams is in the new series Doctor Who
Solving Various Issues with Paintcollar den
Producer Was Confident About Film ‘Dum Laga Ke Haisha’, Sharat