Lisa Marie Presley says that her trust fund is down to a lousy $14,000 bucks — and now the daughter of Elvis Presley is suing the ex-manager who says she “has only herself to blame” for her dwindling celebrity net worth. As earlier covered by The National ENQUIRER, Lisa Marie recently had to admit that she’s penniless after blowing through a billion-dollar fortune. Her latest umiliating divorce from Michael Lockwood even had her admitting that she had to spend big bucks just to fake a successful music career over the years. That included paying her estranged husband an allowance as musical director…
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Photo credit: Getty Images
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But now Lisa is blaming her old manager Barry Siegel for
her money woes — with a lawsuit saying that “reckless and negligent mismanagement” cost her millions after he raised $100 million by selling off 85% of her shares in Elvis Presley Enterprises. Siegel then sunk that money into Core Entertainment, which was briefly riding high off the success of "American Idol."
Photo credit: BACKGRID
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Core, however, went broke in 2016 — with Lisa Marie saying that the company also wiped her out. Seigel has hit back in a separate lawsuit, however, saying that the pop princess is “looking to blame others instead of taking responsibility for her actions.” He also blasts Lisa for refusing “to listen
to the warnings of her most trusted advisers and her family. Unfortunately, she now has only herself to blame for her financial and personal misfortunes.”
Photo credit: BACKGRID
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Photo credit: Getty Images
Photo credit: Getty Images
But now Lisa is blaming her old manager Barry Siegel for
her money woes — with a lawsuit saying that “reckless and negligent mismanagement” cost her millions after he raised $100 million by selling off 85% of her shares in Elvis Presley Enterprises. Siegel then sunk that money into Core Entertainment, which was briefly riding high off the success of "American Idol."
Core, however, went broke in 2016 — with Lisa Marie saying that the company also wiped her out. Seigel has hit back in a separate lawsuit, however, saying that the pop princess is “looking to blame others instead of taking responsibility for her actions.” He also blasts Lisa for refusing “to listen
to the warnings of her most trusted advisers and her family. Unfortunately, she now has only herself to blame for her financial and personal misfortunes.”
Photo credit: Getty Images
