Priscilla Presley allegedly received $1.03 million annually from Elvis Presley Enterprises despite having no connection to it. Priscilla Presley allegedly received $900,000 annually from Elvis Presley Enterprises despite having no stock in the business. Lisa Marie Presley, Priscilla’s daughter, claimed Barry Siegel “allowed (and lobbied)” her mother’s nearly seven-figure income in a 2018 lawsuit she filed against Siegel for “negligently” managing her money.
According to Lisa’s attorneys, Priscilla received compensation “even though Lisa’s mother has no equity in EPE (and was not performing any sort of executive-level work to support the salary). “.
“Siegel neglected to disclose these facts to Lisa, and he did not negotiate the equivalent wage benefit for Lisa,” according to the complaint. The legal dispute between Siegel and Lisa dragged on for another two years before being settled out of court. Siegel refuted Lisa’s allegations.
Even so, Priscilla might benefit from the damning report. She is finally listed as a “co-trustee” of Lisa Marie’s fund. As “adult children of the beneficiary,” Riley and Benjamin Keough, the singer of Lights Out, will inherit her estate in the event that she passes away.
This week, Priscilla made headlines once more when she asked a judge to throw out a 2016 amendment to Lisa Marie’s trust that removed her and Siegel as Co-Trustees, claiming it was fraudulent due to a questionable signature and a misspelled name.
Riley is 33 and able to make financial decisions, so it’s unclear why Priscilla would need to manage any of Lisa Marie’s assets. Ben killed himself in 2020. Prior to her death on January 12 at the age of 54, Lisa Marie’s close friend claimed that Priscilla’s fight against the trust was nothing more than a “money grab.” However, Priscilla maintains that her goal is to protect her family. Page Six contacted Priscilla for comment, but they didn’t respond right away.
The estate, which still owns Graceland, Elvis Presley’s Memphis home, is also thought to benefit Lisa’s twin daughters Finley and Harper, who are 14 years old.
“Today would have been Lisa’s 55th birthday. The late King of Rock and Roll’s ex-wife said in a statement on Wednesday, “I aim to protect my three grandchildren and keep our family together. I’ve cared for, cherished, and guided Lisa ever since I first held her in my arms. Our hearts are torn, and I’m learning to live without my child. “.
