Lisa Marie had been given CPR by her first husband Danny Keough, after collapsing at her home in Los Angeles on Thursday night.
However, she had been rapidly declining amid a lengthy fight with opioids, died later in hospital.
Her death was announced yesterday morning by her 77-year-old mother Priscilla, who had appeared with her at the awards do in Beverly Hills on Tuesday night. Priscilla confirmed her daughter’s passing, after Lisa Marie was rushed to the hospital from her home in Calabasas on 12 January.
She said: “It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us.
The friend added: “The thinking is that she will be buried at Graceland, alongside her father, and also her son Ben.
Lisa Marie had previously undergone rehab treatment for multiple addictions, including alcohol and drugs. Those close to her say she was again heavily reliant on substances, primarily prescription pills including gabapentin, a powerful painkiller, and Seroquel, given to patients with mood disorders.
She is also believed to have become increasingly interested in inhaling surgical gas — administered at cosmetic surgery clinics or by dentists for pain relief.
However early reports suggest no drugs were found at the scene of her suspected cardiac arrest.
The only child of Elvis and Priscilla, Lisa Marie was four when they divorced and just nine years old when her dad died.
She would go on to marry four times, including to pop icon Michael Jackson from 1994 to 1996 and actor Nicolas Cage, from 2002 to 2004.
Lisa Marie was found unconscious by her housekeeper. Keough then returned from taking the kids to school and tried to revive her. She was then raced to hospital. Attempts to restart her heart after she went into “full cardiac arrest” proved unsuccessful.
A source added: “She never really managed to find peace. There always seemed to be something going on, to cause her stress and pain, although losing Ben was the very worst of all.
“It sent her spiralling again, and although she’d been in and out of treatment there is no getting past the simple fact that she never quite managed to stay on track.
“There had been a few health scares, but her body appears to have just given up. She couldn’t take any more.”
Lisa Marie was 35 when she followed in her father’s footsteps and forged a career in music.
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