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.
In 2004, Lisa Marie sold 85% of Elvis Presley Enterprises' assets in a deal reportedly worth more than $100 million. She retained 15% ownership of Elvis Presley Enterprises, which manages operations for Graceland, its related properties and the Graceland Archives.
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.
Sillerman and his company CKX Inc. Lisa Marie Presley retained 15% ownership in Elvis Presley Enterprises. Fortune reported at the time that the deal garnered CKX a 90-year lease on the mansion as well as the publishing rights to 650 Elvis songs, although the royalty rights to far fewer.
THE ESTATE OF ELVIS PRESLEY/THE ELVIS PRESLEY TRUST
The beneficiaries were Elvis' grandmother, Minnie Mae Presley; his father, Vernon Presley; and his only child, Lisa Marie Presley. The will provided that Vernon Presley could, at his discretion, provide funds to other family members as needed.
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.
The only daughter of Elvis and Priscilla Presley, Lisa Marie was the sole inheritor of her father's famed mansion.
Sony Entertainment owns the rights to all pre-1970 recordings of Elvis Presley, whereas RCA Records (owned by RCA) owns the rights to all prior recordings. The majority of Elvis Presley's estate is owned by his daughter, Lisa Marie, but a deal was made before he died that diverted all royalties from his music.
Following her death, Elvis Presley's legendary Tennessee estate will be passed down to her three children, Riley, Harper, and Finley.
Does Lisa Marie make money from Graceland? At the time of her passing, Lisa Marie still profited from tourism of Graceland, though the business suffered due to the COVID-19 pandemic. In court documents obtained by The Blast in November 2022, Lisa Marie reported earning $4,361 per month as an employee of Graceland.
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.
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 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.
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 Elvis Presley's death in 1977.
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.
After the death of Elvis Presley's daughter Lisa Marie on January 12, 2023, it was reported that her three daughters, Riley, Harper and Finley will inherit the Tennesse estate.
Lisa Marie Presley's net worth was negative $10 million at the time of her death, according to Celebrity Net Worth.
Priscilla appears to not understand the depths of what Walter was implying — that she was groomed. She said that she was rebellious and Elvis was “charming” and really won over the likes of her parents, even if it meant missing days of school to travel and see him.
The sum varies from $2 million to $10 million, she says, and as the movie shows, Elvis ultimately decided he couldn't afford to pay and went back to work for the colonel.
Yes, Colonel Tom Parker did go to Elvis' funeral.
Much of the money went to Col. Tom Parker, the King's enigmatic, cigar- chomping manager and Svengali. Court records show that Parker represented Elvis in return for an unheard-of 50 percent of the singer's income.
Presley. “Elvis lived in many places, but Graceland was always his home, and Lisa felt the same way,” he said. “At times of difficulty, she slept in his bedroom. Twenty-five million people have visited Graceland, but it was always only home to one person, and that was Lisa.”
Graceland failed to pay off $20million of $104million issued by the economic development agency (EDGE) for a mass expansion project in 2017. It comes as the owner Lisa Marie Presley died after suffering a cardiac arrest yesterday aged 54, sparking questions over who will get the mansion.
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.