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Lisa Marie Presley sues business manager after her $100m Elvis inheritance reduced to $14,000

Added: 24.02.2018 14:50 | 0 views | 0 comments


Lisa Marie Presley is suing her former business manager for the loss of almost all her $100 million inheritance – accusing him of “reckless and negligent mismanagement” and claiming she has only $14,000 left. The only child of Elvis and Priscilla Presley, she inherited his entire estate on her 25th birthday, in 1993. Elvis’s fortune had dwindled to only a few million dollars at the time of his death in 1977, but the power of the Presley brand – including the tourist attraction Graceland – meant assets were built back up into the $100m trust. Yet 25 years later Presley, now 50 and a singer in her own right, claims she has been left with almost nothing thanks to the actions of Barry Siegel. She accused him, in a law suit filed in Los Angeles this week, of dissipating her wealth “through his reckless and negligent mismanagement and self serving-ambition”. She also claimed Mr Siegel’s “hopes of attaining his own celebrity in the entertainment industry” led him to place her assets in “risky ventures.” Elvis, outside his Memphis home, Graceland In the documents, Presley claimed Mr Siegel sold 85 per cent of her interest in Elvis Presley Enterprises. He then allegedly began liquidating Presley’s assets in order to supplement her trust’s income. Presley also claimed Mr Siegel’s business decisions left her with $500,000 in credit card debt. However, Mr Siegel and his company, Providence Financial Management, filed their own lawsuit in response to Presley’s claims, alleging her out-of-control spending led to her financial predicament, and counter-suing for $800,000 in damages. Leon Gladstone, a lawyer for Mr Siegel, said he had sued Presley first for non-payment. “It’s clear Lisa Marie is going through a difficult time in her life and looking to blame others instead of taking responsibility for her actions,” Mr Gladstone said. And the chapter is just the latest legal wrangling for Presley, who still lives in Memphis. She is currently battling her fourth ex-husband, father of her nine-year-old twins Michael Lockwood, in the divorce courts and claiming she is $16 million in debt – although Lockwood disputes that, saying “she has not disclosed her assets or their values”. She was previously married briefly to Michael Jackson and Nicholas Cage, and for nine years to musician Danny Keough, with who she has two children – a son, Benjamin, and a model daughter, Riley.

Britney Spears' Ex-Husband Kevin Federline Requesting Increase in Child Support

Added: 24.02.2018 11:35 | 0 views | 0 comments

Britney Spears may be finding herself in a legal situation. E! News has learned Kevin Federline is being represented by celebrity divorce lawyer Mark Vincent Kaplan. Together, they are...

From: uk.eonline.com

Lisa Marie Presley sues business manager after her $100m Elvis inheritance reduced to $14,000

Added: 23.02.2018 23:34 | 0 views | 0 comments


Lisa Marie Presley is suing her former business manager for the loss of almost all her $100 million inheritance – accusing him of “reckless and negligent mismanagement” and claiming she has only $14,000 left. The only child of Elvis and Priscilla Presley, she inherited his entire estate on her 25th birthday, in 1993. Elvis’s fortune had dwindled to only a few million dollars at the time of his death in 1977, but the power of the Presley brand – including the tourist attraction Graceland – meant assets were built back up into the $100m trust. Yet 25 years later Presley, now 50 and a singer in her own right, claims she has been left with almost nothing thanks to the actions of Barry Siegel. She accused him, in a law suit filed in Los Angeles this week, of dissipating her wealth “through his reckless and negligent mismanagement and self serving-ambition”. She also claimed Mr Siegel’s “hopes of attaining his own celebrity in the entertainment industry” led him to place her assets in “risky ventures.” Elvis, outside his Memphis home, Graceland In the documents, Presley claimed Mr Siegel sold 85 per cent of her interest in Elvis Presley Enterprises. He then allegedly began liquidating Presley’s assets in order to supplement her trust’s income. Presley also claimed Mr Siegel’s business decisions left her with $500,000 in credit card debt. However, Mr Siegel and his company, Providence Financial Management, filed their own lawsuit in response to Presley’s claims, alleging her out-of-control spending led to her financial predicament, and counter-suing for $800,000 in damages. Leon Gladstone, a lawyer for Mr Siegel, said he had sued Presley first for non-payment. “It’s clear Lisa Marie is going through a difficult time in her life and looking to blame others instead of taking responsibility for her actions,” Mr Gladstone said. And the chapter is just the latest legal wrangling for Presley, who still lives in Memphis. She is currently battling her fourth ex-husband, father of her nine-year-old twins Michael Lockwood, in the divorce courts and claiming she is $16 million in debt – although Lockwood disputes that, saying “she has not disclosed her assets or their values”. She was previously married briefly to Michael Jackson and Nicholas Cage, and for nine years to musician Danny Keough, with who she has two children – a son, Benjamin, and a model daughter, Riley.

Can Liberia's celebrity president tackle the economy?

Added: 23.02.2018 6:00 | 0 views | 0 comments

Former international footballer and now Liberian president, George Weah says fixing the economy is his main goal.

From: www.bbc.co.uk

Meet the man behind Keith Lemon: Leigh Francis

Added: 23.02.2018 3:34 | 0 views | 0 comments

We all love Keith Lemon's cheeky antics on Celebrity Juice and more recently, Through...

Tags: Celebrity
From: www.hellomagazine.com

Kelly Rowland's Skin-Care Expert Reveals the Solution to Dry Skin

Added: 22.02.2018 12:47 | 0 views | 0 comments

Kelly Rowland, Jessica Alba and Rosie Huntington-Whiteley have one thing in common: beautiful skin. It's not a coincidence, however. All three women are clients to celebrity...

Billy Graham 'would want to be remembered as a preacher,' son says

Added: 22.02.2018 8:00 | 0 views | 0 comments

Franklin Graham, the son of "America's pastor" Bill Graham, said on NBC's "Today" that his father never saw himself as a celebrity and would want to be remembered as a preacher.

From: www.nbcnews.com

Celebrity Big Brother Is a Political Show, But Not Because of Omarosa

Added: 21.02.2018 17:13 | 0 views | 0 comments

When CBS announced that reality-TV veteran Omarosa Manigault would compete in the network’s first edition of Celebrity Big Brother, it seemed natural to assume that the show’s tension would revolve around politics. Having abruptly exited the White House just a few weeks earlier, surely Omarosa would spill all kinds of ...

From: feedproxy.google.com

Metta World Peace: I Really Love Omarosa, My Big Sis on 'Big Brother!'

Added: 21.02.2018 11:18 | 0 views | 0 comments

Metta World Peace says he's got 10 new brothers and sisters after "Celebrity Big Brother" -- including Omarosa, who ain't a villain like she's portrayed on TV. "To me, Omarosa, she's just a nice lady, a big sister that I really love," World Peace...

Tags: Celebrity
From: www.tmz.com

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