Michael Lockwood is a guitarist and music producer who has been a part of various bands and worked with major recording artists over the years. He is also known as having been married to Lisa Marie Presley, the daughter of the late Elvis Presley. The couple divorced in 2021 after a bitter custody battle and allegations of child abuse. What is Michael Lockwood’s net worth in 2023? How did he earn his fortune? Let’s find out.
Early Life and Career
Michael Lockwood was born on May 22, 1961, in Hawthorne, California. He graduated from Highland High School in Bakersfield, California, in 1979. He became involved with music from a young age and formed his first band, Lions and Ghosts, in the 1980s. The band signed with EMI America and released two albums: Velvet Kiss, Lick of the Lime (1987) and Wild Garden (1989). However, the band broke up after their second album.
Lockwood then pursued a career as a guitarist and producer, working with various artists such as Carly Simon, Aimee Mann, Fiona Apple, Ben Taylor, Susanna Hoffs, and Alana Davis. He also released two solo albums: Lemon Yellow Sun (1999) and Common Thread (2003). He met Lisa Marie Presley in 2003 when he was hired as her musical director for her tour. They started dating soon after and got married in 2006 in Kyoto, Japan.
Marriage and Divorce with Lisa Marie Presley
Michael Lockwood and Lisa Marie Presley had twin daughters together: Harper and Finley, born in 2008. They are Lockwood’s first and second children and Presley’s third and fourth. The couple seemed happy until Presley filed for divorce in 2016, citing irreconcilable differences. She also requested full custody of their daughters and asked the court to deny spousal support to Lockwood.
The divorce turned ugly when Presley accused Lockwood of having inappropriate photos and videos of children on his computer. She also claimed that he had spent millions of dollars of her money without her consent. Lockwood denied the allegations and counter-sued Presley for defamation. He also demanded $40,000 per month in spousal support, claiming that he had given up his career to support Presley’s.
The custody battle lasted for five years until it was finally settled in May 2021. The court granted joint custody of their daughters to both parents and ordered Presley to pay $100,000 to Lockwood’s legal fees. However, the court did not rule on the spousal support issue, leaving it for a future trial. Presley died on January 12, 2023, at the age of 54.
Michael Lockwood Net Worth
According to various online sources, Michael Lockwood has an estimated net worth of $5 million as of June 2023. He earned most of his income from his career as a musician and producer. He also received some money from his divorce settlement with Presley. However, his net worth may change depending on the outcome of the spousal support trial.
Michael Lockwood is one of the world’s richest guitarists who has worked with some of the biggest names in the music industry. He is also famous for being the ex-husband of Lisa Marie Presley, who inherited a fortune from her father Elvis Presley. Despite their divorce, they shared two beautiful daughters who are now in their teens.
