Priscilla Presley was making $900,000 a year from Elvis Presley Enterprises despite not having a stake in the company, according to a lawsuit.
When Priscilla’s daughter, Lisa Marie Presley, sued her former business manager, Barry Siegel, in 2018 for “negligently” mishandling of her money, she noted in the lawsuit that Siegel “allowed (and in fact pressured)” her mother of seven nearly Income form.
Lisa’s attorneys added that Priscilla was on wages “even though Lisa’s mother had no ownership in EPE (nor was she performing any type of work at the executive level to justify the salary).”
“Siegel failed to disclose these facts to Lisa and did not negotiate the same salary as Lisa,” read the complaint, which was obtained by Page Six.
Siegel disputed Lisa’s allegations in the lawsuit against him, and it dragged on for another two years before it was settled out of court.
In Lisa Marie’s 2018 lawsuit against her former business manager, she indicated that Priscilla was a co-trustee.
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However, the scathing document could work in Priscilla’s favour.
In its conclusion, it listed her as the “co-trustee” of the Lisa Marie Trust while the “Lights Out” singer’s two children—Riley and Benjamin Keough—were listed as “adult children of the beneficiary,” who would be the beneficiaries upon her death.
Priscilla is back in the news this week after that Filed in court for annulment A 2016 amendment to Lisa Marie’s trust who bumped her and Siegel’s name as co-guardians, claiming it was fraud due to a suspicious signature and misspelling of her name.
It is not clear why Priscilla would need to manage any of the value of Lisa Marie’s estate when her daughter Riley turns 33 and is able to make financial decisions on her own. Ben died of suicide in 2020.
A source close to Lisa Marie who He died at the age of 54 On Jan. 12, he previously claimed to Page Six that Priscilla’s confidence fight was nothing more than “grab money” While Priscilla confirmed that she is simply trying protect her family.
Priscilla’s representative did not immediately respond to Page Six’s request for comment.
Lisa’s twin daughters, Finley and Harper, both 14, are also believed to be beneficiaries of the estate that still owns Graceland, Elvis’ home in Memphis.
“Today will be Lisa’s 55th birthday. I hope to protect my three grandchildren and keep our family together,” the ex-wife of the late King of Rock and Roll said in a statement Wednesday.
“From the first moment I held Lisa in my arms, I protected, loved, and guided her…. Our hearts are broken, and I have to learn to live without my only daughter.”