Broke Lisa Marie Wants $100M From Ex-Manager

February 2 celebrating her 50th birthday alongside rocker Billy Corgan as well as her twins Harper and Finley 9

News broke Friday that Lisa Marie Presley is suing her former manager, Barry Siegel, for "reckless and negligent mismanagement" of her inherited estate, but her estranged husband was quick to call her mountain of debt a lie.

According to Us Weekly, when Elvis died in 1977, he left his daughter a trust fund that has since been managed by Siegel. After selling 85% of Presley's shares in Elvis Presley Enterprises for $100 million in 2005, Siegel invested in Core Entertainment, the parent company of American Idol, according to Presley.

The court documents read that Presley has "been damaged in an amount that has not yet been fully ascertained, but is believed to be in excess of $100 million".

Lisa Marie has released three albums of her songs and her 2003 single "Lights Out" to number 18 on the U.S. Adult Pop chart.

Part of the nepotistically-privileged singer's financial troubles also stem from the fact that she hasn't worked since concluding her Storm & Grace Tour back in 2014.

The Blast reports that Siegel says Presley has "uncontrollable spending habits" and he has filed his own lawsuit against her.

Lockwood stated in the court documents that those figures would mean she owes more than she made in income that year.

According to TMZ, Presley is also attempting to offload a home in the United Kingdom because she has reportedly defaulted on the mortgage and owes $6 million.

Lisa Marie Presley attends ELLE's 24th Annual Women in Hollywood Celebration at Four Seasons Hotel Los Angeles at Beverly Hills on October 16, 2017 in Los Angeles, California. "Siegel reportedly led Lisa to believe she was in "good shape" with her finances".

All in all, she says her Trust was left with $14,000 cash and over $500,000 in credit card debt.

Earlier this month, the daughter of Elvis Presley revealed she owes unpaid taxes from 2012 to 2015, totalling more than $10 million.

She inherited his estate along with her grandfather, Vernon, and great-grandmother, Minnie. Lisa Marie's mother, Priscilla, handled the estate until Lisa Marie turned 25 in 1993.

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