According to one lawsuit, Priscilla Presley was earning $900,000 a year from Elvis Presley Enterprises despite having no stake in the company.
When Priscilla’s daughter, Lisa Marie Presley, sued her former business manager, Barry Segal, in 2018 for “negligent” misappropriation of the money, she noted in the lawsuit that Segal had “allowed (and actually lobbying)” about his mother’s seven-figure income
Lisa’s lawyers added that Priscilla was being paid “even though Lisa’s mother has no ownership in EPE (nor was she doing any kind of executive-level work to justify the salary).” .
“Siegel failed to disclose these facts to Lisa and did not negotiate the same salary benefit for Lisa,” the complaint, obtained by Page Six, states.
Segal disputed Lisa’s claims in the lawsuit against him, and it dragged on for two more years before settling out of court.
In Lisa Marie’s 2018 lawsuit against her former business manager, she noted that Priscilla was a co-trustee.
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However, the strict document may yet work in Priscilla’s favor.
At the end of it, it lists her as a “co-trustee” of Lisa Marie’s fund while listing the “Lights Out” singer’s children — Riley and Benjamin Keough — as “adult children of beneficiaries.” has been entered, who will benefit on his death.
Priscilla is back in the news this week after she filed a lawsuit to void a 2016 amendment to Lisa Marie’s trust that named her and Segal as co-trustees, claiming that it A dubious signature and a misspelling of his name constituted fraud.
It is unclear why Priscilla would have to manage any value of Lisa Marie’s estate when daughter Riley is 33 years old and capable of making her own financial decisions. Ben died by suicide in 2020.
Sources close to Lisa Marie, who died on January 12 at the age of 54, previously claimed on Page Six that Priscilla’s fight against the trust was nothing more than a “money grab”, while Priscilla said That she is just trying to protect her family.
A representative for Priscilla did not immediately return Page Six’s request for comment.
Lisa’s 14-year-old twin daughters Finley and Harper are also thought to be beneficiaries of the estate, which still owns Graceland, Elvis’ home in Memphis.
“Today would have been Lisa’s 55th birthday. All I want is to protect my three grandchildren and keep my family together,” the ex-wife of the late King of Rock and Roll said in a statement to Us on 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.
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