Lisa Marie Presley's net worth was negative $10 million at the time of her death, according to Celebrity Net Worth.
Upon the death of her grandparents a few years later, Priscilla and the National Bank of Commerce were appointed as trustees, and Lisa Marie became Elvis' sole heir. In 1983, during her 25th birthday, Lisa Marie finally inherited her father's entire estate, which had grown to about $100 million.
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.
After Lisa Marie's death in 2023, Graceland and her trust were inherited by her daughters, Keough and Harper and Finley Lockwood, a representative for Graceland confirmed to People. Lisa Marie shared Riley with her ex-husband, Danny Keough, whom she divorced in 1994.
Lisa-Marie Presley's three daughters to inherit Graceland estate worth $718 million. Lisa Marie Presley's three daughters will inherit the $718 million estate once owned by Elvis after her sudden death last week.
Sadly for Lisa Marie, her inheritance never included the royalties to the many songs of Elvis Presley's which were recorded. This was due to a poor deal negotiated by Elvis' manager, Colonel Tom Parker, which meant all future royalties were signed away.
At the moment of their divorce Priscilla received a cash payment of $725,000, child support payments, spousal support payments, 50% of the sale of the couple's Beverly Hills house and 5% royalties from Elvis Presley's publishing companies.
The only daughter of Elvis and Priscilla Presley, Lisa Marie was the sole inheritor of her father's famed mansion.
Graceland Holdings LLC, led by managing partner Joel Weinshanker, is the majority owner of EPE. Lisa Marie Presley retains a 15% ownership in the company.
A majority of this money comes in through Graceland, which earns around $10 million annually during a typical year. All in all, the Presley estate is worth anywhere between $400 to $500 million as of 2020, according to a Presley estate executive cited in a report by Rolling Stone.
The fate of Elvis Presley's Graceland mansion has been revealed. The Memphis, Tenn. estate will be inherited by Lisa Marie Presley's three daughters—Riley Keough and Harper and Finley Lockwood—following her death at age 54, a representative for Graceland confirmed to E! News on Jan. 17.
According to People, Lisa Marie's three daughters – actor Riley Keough, 33, and twins Harper and Finley Lockwood, 14 – will inherit Graceland in Memphis, Tennessee. She was the sole heir to her father's estate, which she assumed in 1980 after the Presley's death in 1977.
As the sole owner, Lisa Marie has made the mansion and Elvis' belongings permanently available for tours of Graceland and for use in all of EPE's operations.
The Upstairs Remains Off Limits
It was there, in his bathroom, that Presley's body was found on Aug. 16, 1977. After the home was opened to the public in 1982, the second floor was sealed shut out of respect to the family — and also to avoid any macabre attention at the scene of his death.
According to the terms of her father's will, Lisa Marie became the sole inheritor of Graceland and the rest of the “Hound Dog” singer's estate, but her inheritance was held in a trust until she turned 25.
Different revenue streams from Graceland, tied to a slew of new taxes — sales, tourist and property — were each pledged to different series of the bonds. Of those, around $20million worth of them were in default last year after the pandemic, and it is not clear if the estate or state has recouped any of the money.
Following Elvis's death, he left Lisa Marie ownership of the Graceland estate through a trust fund set up in her benefit. That trust dissolved when she turned 25 in 1993, giving her full ownership of the property, which now hosts popular public tours and sits next to museums honoring Elvis's life and career.
The documents outline how the estate will be split between Lisa Marie's family members and specify that Priscilla will be buried at Graceland as near as possible to Elvis, her ex-husband.
Lisa Marie Presley's net worth was negative $10 million at the time of her death, according to Celebrity Net Worth.
But Priscilla told Closer Weekly that, at 17-years-old, after she graduated high school, Elvis gifted her a beautiful 1964 Chevrolet Corvair car, and it has become something she has never forgotten. She said: "Elvis gifted it to me as a graduation present in 1963. I loved it!
Lisa Marie Presley isn't Priscilla Presley's only child. More than a decade after her 1973 divorce from Elvis Presley, Priscilla welcomed her second child, a son named Navarone Garibaldi Garcia, with her then-partner, producer Marco Garibaldi.
The disagreement arose after the elder Presley disputed a 2016 amendment to her daughter's will, which said the late Lisa Marie had removed her mother and former business manager, Barry Siegel, as co-trustees and replaced them with her children Riley and Benjamin Keough, the latter of whom later died in 2020.
Elvis Presley was always reputed to be a free-spender. Estimates place his lifetime earnings anywhere from $100 million up to one billion dollars.
Lisa Marie Presley was an American actress and singer who had a net worth of -$10 million at the time of her death. Tragically, Lisa Marie Presley died on January 12, 2023 after suffering from a cardiac arrest.