We’d heard Lisa Marie Presley had lost quite a bit of her inheritance — but this is so much worse than we thought!
After selling 85% of her interest in the Elvis Presley estate, she was flush — until, as she says, her former business manager, Barry Siegel, blew $100 million on bad investments. (He says she spent it all.)
But according to the latest documents in her divorce from Michael Lockwood, obtained by TMZ, Lisa Marie is actually $16 million in debt!
Apparently the bulk of that is $10 million in unpaid taxes — hope that doesn’t get her into more trouble down the line — and a $6 million mortgage she defaulted on. The rest is credit card debt and attorney fees.
The revelation is in response to Lockwood’s demand for her to pay his legal fees. Something tells us that isn’t happening.
[Image via FayesVision/WENN.]