LISA MARIE INHERITED A REPORTED $100 MILLION FORTUNE FROM HER FATHER

We are delighted to share the video of Andy’s recent appearance on EXTRA TV, where he spoke with host Billy Bush on the estate of Lisa Marie Presley.

From the video:

Extra TV: Lisa Marie not only left behind a rock and roll legacy of her own, she also inherited a reported $100 million fortune from her father. But reports say she had gone through that massive amount of money. And she has said to have owed the IRS a million dollars. Author and estate attorney Andy Mayoras is here with me right now. I’m hearing Lisa Marie was spending $92,000 a month. Is that possible? Did she have that?

Andy: Well, it sounds like she did because even though Lisa Marie lost a lot of the great fortune she inherited from Elvis—she was still reportedly earning over a hundred thousand dollars a month from her retained interest in Elvis Presley Estate Enterprises. And reportedly, Lisa Marie was spending over $92,000 a month—while deeply in debt.

Extra TV: What do you think the reason is?

Andy: Unfortunately, it appears that Lisa Marie never got over the lifestyle she was raised in as Elvis’s daughter. She was still leasing a Maserati, spending $23,000 a month and rent alone. So clearly, she was living like Elvis’s daughter, even though her income stream didn’t necessarily support that lifestyle.

Extra TV: Thank you, Andy.

To learn more about Elvis Presley’s Estate and Lisa Marie Presley’s finances, visit » The Fleecing of the Elvis Presley Estate.

[photo credits: Wikipedia, Flickr]