Elvis Presley’s only child, Lisa Marie Presley has lost millions of dollars, adding to a list of other celebrities who have lost almost everything. Veuer’s Sam Berman has the full story.
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Lisa Marie Presley claims her $100 million fortune is down to $14,000.(Photo: Robert Hanashiro, USAT)
Lisa Marie Presley is joining the ranks of celebrities who’ve lost millions.
Elvis Presley’s only child claims her $100 million fortune is down to $14,000 because her former business manager acted in his own best interests. A lawsuit recently filed against Lisa Marie Presley says she was informed about how her money was being spent.
Either way, poor money management has left Presley without her celebrity fortune.
Here are a few other famous faces who’ve lost nearly everything:
50 Cent
Rapper Curtis Jackson, known as 50 Cent, filed for Chapter 11 reorganization in 2015 with debts of $36 million and assets of nearly $20 million. A federal judge discharged the bankruptcy case after Jackson paid about $23 million. He was once one of the world’s wealthiest rappers with a net worth at nearly a half billion dollars.
Nicolas Cage
Nicolas Cage sued his former business manager seeking $20 million for alleged mismanagement in 2009. The manager in a countersuit cited the actor’s spending for his financial troubles. The case was resolved before trial.
Johnny Depp
Johnny Depp paid more than $75 million to buy and maintain 14 homes and also dumped money into a 150-foot yacht, private jet trips and memorabilia stored in 12 different facilities, according to his former business manager. A 2017 lawsuit alleged his spending spiraled the actor into the brink of financial ruin.
MC Hammer
MC Hammer filed for bankruptcy in 1996 and was sued by the U.S. government for owed taxes. The hip hop artist was over $13 million in debt, Thrillist reports. In 1991, Forbes Magazine estimated the U Can’t Touch This singer was worth more than $33 million.
Curt Shilling
Former Boston Red Sox pitcher Curt Schilling lost at least $50 million and his video game company after declaring bankruptcy in 2012. In an interview with ESPN, the baseball star said “I brought this on myself.”
Willie Nelson
In 1990, the government seized Willie Nelson’s properties and assets in six states. The star owed $32 million to the IRS after hiding money and tax shelters, Rolling Stonereports. Nelson since has bounced back and his current net worth is $25 million.
Prince
Prince’s estate remained somewhat of a mystery at his death, as many, like TMZ, speculated the $200- to $300- million estate was likely half that amount because of this singer’s frivolous spending habits.
Mike Tyson
It’s believed heavyweight champion Mike Tyson made more than $300 million before declaring bankruptcy in 2003. He had $23 million in debts. His current net worth is now $3 million.
More: Lisa Marie Presley legal battle tells of wild spending, broken promises
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