It has recently come to light that Priscilla Presley, former wife of the legendary Elvis Presley, has been receiving an astonishing $900,000 per year from Elvis Presley Enterprises (EPE). What makes this revelation even more surprising is that Priscilla has no ownership stake in the company and is not involved in any executive-level work. These shocking allegations were brought to public attention when Priscilla’s daughter, Lisa Marie Presley, filed a lawsuit against her former business manager, Barry Siegel, accusing him of mishandling her mother’s finances.
According to the lawsuit, Siegel not only allowed but also encouraged Priscilla to receive such a hefty annual income. Lisa Marie alleges that her mother was paid without owning any EPE shares or performing any duties justifying such a substantial payment. What’s more concerning is that Siegel intentionally kept Lisa Marie in the dark about this arrangement and failed to secure any equivalent benefit for her. Although Siegel has disputed Lisa Marie’s claims, this damning report could be significant for Priscilla.
As of now, Priscilla has been named as a co-guardian of Lisa Marie’s assets, along with Riley and Benjamin Keough. In the event of Priscilla’s passing, Riley and Benjamin will inherit her wealth. Recently, Priscilla made headlines once again by filing a lawsuit to challenge a change made in Lisa Marie’s trust back in 2016. Priscilla believed it was her responsibility to assist Lisa Marie with her finances, especially after the unexpected death of Ben Siegel in 2020.
Lisa Marie Presley, who tragically passed away on January 12 at the age of 54, has left behind a complex situation involving her mother, Priscilla, and the Presley Trust. Priscilla’s efforts to safeguard her family from what she perceives as a “money grab” have raised questions, but her lawyer has yet to comment on the matter. It is worth noting that Lisa’s 14-year-old twin children, Finley and Harper, are expected to be beneficiaries of the estate that still includes Graceland, Elvis’ iconic Memphis mansion.
Throughout this difficult time, Priscilla has made it her mission to keep the family united and ensure the well-being of her three grandchildren. She has been by Lisa Marie’s side since the day she was born and her heartbreak and grief are immeasurable. Despite carrying this emotional burden, Priscilla remains committed to protecting and loving those left behind in Lisa’s memory.
