Upon his death in 1979, he chose Priscilla to serve as the estate executor for Elvis' only child, Lisa Marie, who was only 11. Graceland itself cost $500,000 a year in upkeep, and expenses had dwindled Elvis' and Priscilla's daughter Lisa Marie's inheritance to only $1 million.
In the spring of 1957, when Elvis Presley was 22, he purchased the home and grounds for just over $100,000. The previous year had been a whirlwind - it was Elvis' first year of super-stardom including historic network television appearances, record-breaking live performances and armloads of gold record awards.
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.
Lisa Marie Presley retains 100% sole personal ownership of Graceland Mansion itself and its over 13-acre original grounds and her father's personal effects - meaning costumes, wardrobe, awards, furniture, cars, etc.. She has made the mansion property and her father's personal effects permanently available for tours of ...
That new trust created Elvis Presley Enterprises, Inc., and in 2005 Lisa Marie sold 85% of her stake in the company. The deal was worth approximately $100 million for a share that would now be worth $850 million. That 85% stake changed hands again in 2013, and is now controlled by Graceland Holdings LLC.
Among those who participated in the public memorial service at Elvis Presley's mansion in Memphis, Tenn., were musicians Billy Corgan, Alanis Morissette and Axl Rose, as well as Priscilla Presley.
The iconic Memphis home of Elvis Presley, which had been willed to his daughter Lisa Marie Presley — who died Jan. 12 at the age of 54 — will now go to Presley's three surviving children: elder daughter Riley Keough, 33, and twins Harper and Finley Lockwood, 14. Lisa Marie Presley's son, Benjamin Keough, died in 2020.
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.
Speaking in an interview over a decade ago, Lisa Marie made clear her intentions to have the mansion passed down to her children. "Graceland was given to me and will always be mine," she told USA Today in 2013. "And then passed to my children. It will never be sold."
Elvis Presley's net worth was estimated at $5 million at his death but has since grown to over $500 million. His legacy continues, and his estate earns significant income from his music and image rights.
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.
Michael Jackson — $400 million. Elvis Presley — $40 million. Arnold Palmer — $35 million.
Graceland continued to be occupied by members of the family until the death of Presley's aunt Delta in 1993, who had moved in at Elvis's invitation after her husband's death. Elvis's daughter, Lisa Marie Presley, inherited the estate in 1993 when she turned 25, until her death 30 years later.
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.
Despite taking 50 per cent of all the profits from Elvis' career, Parker was no less gullible than the 'rubes' whom he delighted in exploiting in his carnival days. The Colonel himself ended up being the greatest sucker of them all, giving back almost his entire fortune to the Hilton croupiers.
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.
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.
Lisa Marie Presley's net worth was negative $10 million at the time of her death, according to Celebrity Net Worth.
Elvis Presley's iconic Graceland mansion will stay in the family after the death of his only child, Lisa Marie Presley. The 54-year-old singer died last week after suffering a cardiac arrest.
The battle for Lisa Marie Presley's estate has finally come to an end. This week, Riley Keough became the sole trustee of her mother's estate, which also means that she's now the sole owner of Graceland, which was once believed to be split between all of Lisa Marie's children.
Did Ginger Alden Attend Elvis' Funeral? Yes. As his fiancée at the time, it is believed that Ginger Alden was present for Elvis' funeral. Following the funeral, however, she was reportedly banned from Graceland by Presley's family and had to receive permission to visit his grave.
Priscilla Presley and granddaughter Riley Keough reach Graceland settlement.
Does Priscilla Presley Live at Graceland? Priscilla does not currently live at Graceland, the mansion purchased by Elvis at the height of his career to live in with his family. Elvis died on August 16, 1977, at age 42 from heart issues. The rock 'n' roll legend's property was first opened to the public in 1982.
Priscilla Presley has failed in a bid to be buried next to former husband Elvis.