Elvis and Priscilla shared custody of their daughter from 1972. 'He'd send his jet, the Lisa Marie, to take her from LA to Utah, so she could play in the snow,' wrote Burn. 'Lisa Marie was so used to seeing people jump at her father's command, that she took years to overcome this habit,' recalled Priscilla.
REUTERS/Mario Anzuoni. According to new reports, Michael Lockwood, the ex-husband of Lisa Marie Presley and the father of their twin daughters Harper and Finley, both 14, was granted full custody of the children at a custody hearing in Los Angeles on Tuesday.
Elvis and Priscilla were married for four years before their separation in 1972. They finalized their divorce a year later on October 9, 1973, and went on to share custody of Lisa Marie before Elvis' death on August 16, 1977, at the age of 42 years old.
Lisa Marie Presley's ex-husband has won full custody of their two win daughters following her sudden death in January. Lisa Marie Presley's ex-husband has won full custody of their two twin daughters following her sudden death in January.
12 at age 54, Lisa Marie and Priscilla, 77, had seemed close at various events while celebrating Baz Luhrmann's Oscar-nominated Elvis biopic. But multiple sources say the two were barely speaking, and their relationship had been fractured since Lisa Marie's split from Michael, 61, in 2016.
Lisa Marie always felt Priscilla was trying to have control over her." The source also tells ET that it was "no secret" Lisa Marie always wanted her children to inherit her trust. "Lisa Marie's children meant the world to her, and she would do anything for them," the source says.
Priscilla and Elvis' Divorce Settlement
According to Celebrity Net Worth, when Priscilla and Elvis split in 1973, she got a one-time payment of $725,000. On top of that, Priscilla was granted spousal support, child support, 5 percent of Elvis' royalties, and half the money from the sale of their house.
A representative of Graceland told People that the property will now be passed on to Lisa Marie's three daughters, Riley, Harper and Finley.
Somewhat shockingly, Lisa Marie Presley's net worth in 2023 was estimated to be $-16 million. Lisa Marie sold an 85% stake in Elvis Presley Enterprises to CKX, the same company that owned American Idol, in 2005, but the business venture failed.
However, by the time Lisa Marie inherited Elvis' whole estate in 1993, the amount had grown to $100 million, thanks to the stewardship of Priscilla. “I tried to ignore it,” Lisa Marie told People at the time.
That estate is now valued at approximately $1 billion, but the Presley family has little control over the operation. The sudden death of Lisa Marie Presley means that her three daughters will become the new owners of their grandfather's historic estate, Graceland.
Lisa Marie was just 9 years old when she saw the dead body of her father Elvis Presley on the night of August 16, 1977. The memory would have a lasting effect on the girl, who recalls the last time she saw The King alive was when he kissed her goodnight at their Graceland home.
The website TMZ.com reported that the former spouses have amicably settled the issue of custody over their two children, 7-year-old Jude and 10-year-old Mason. The children will live with their mother but have "meaningful" contact with their father, according to the website.
Following an ongoing family legal battle over Lisa Marie Presley's estate, Michael Lockwood, ex husband of the late Presley, has been given full custody of their 14-year-old twins.
Lisa Marie Presley's ex-husband Michael Lockwood has been appointed legal guardian of their twin daughters — amid insider concern that this is the last thing the tragic star wanted.
Brown / Getty Images / AFP. Over the years, the trustees decided to open Graceland up to the public via a variety of tours and overnight stays. Elvis purchased the home in 1957 for $US100,000 ($A143,500). In 2020, Rolling Stone reported its estimated worth to be as much as $US500 million ($A718 million).
Priscilla Presley's net worth is around $50 million according to Celebrity Net Worth.
My husband and I visited and toured the estate in 1983. It was a thrill of a lifetime. It was explained to our group that the reason the upstairs was off limits is that Elvis had an Aunt whom still lived on the upstairs floor.
According to Forbes, Elvis Presley's estate makes him one of the wealthiest dead celebrities today. The publication estimates that the Presley estate earned $23 million in 2020 alone. A majority of this money comes in through Graceland, which earns around $10 million annually during a typical year.
After Elvis died in 1977 at Graceland, Priscilla helped establish Elvis Presley Enterprises (EPE), which launched Graceland into a top international tourist destination.
“When Elvis died, he had one child, which was Lisa Marie — he wanted everything to go to Lisa Marie,” Melcher said. “Priscilla and Elvis were divorced and he made a conscious choice not to leave Priscilla in his will or estate.
Priscilla hasn't had a public relationship since, but her professional success has grown. The 77-year-old is an executor for the Presley estate, and she created the Elvis Presley Enterprises. She notably turned Graceland into a tourist destination, and has built lucrative merchandising, publishing, and licensing deals.
Priscilla served as chairwoman of Elvis Presley Enterprises (EPE), the company that transformed Elvis Presley's mansion Graceland into one of the top tourist attractions in the USA. She has also had an acting career, starring as Jane Spencer in the three Naked Gun movies. She also played Jenna Wade in Dallas.