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.
Elvis Didn't Name Graceland
Eager to find a rural refuge away from wild fans and the pressure of fame, 22-year-old Elvis Presley purchased his Graceland estate on March 19, 1959, for $102,500 — or more than $900,000 in today's money. The property came with its famous moniker already in place.
Aside from being beautiful, Graceland was known as Elvis Presley's home after he purchased it from the Moores in spring 1957—when he was just 22 years old—for a bit more than $100,000. With inflation, that price tag is the equivalent of more than $1 million today.
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 ...
Parker and left Sun for RCA. As his popularity soared, Elvis needed a better home. He and his parents purchased the house at 1034 Audubon Drive in March 1956, and they lived there for a year. The young star and his family paid $29,500 for the house - the first they ever owned in Memphis.
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.
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.
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 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.
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.
"Lisa Marie's final resting place will be at Graceland, next to her beloved son Ben," a statement to PEOPLE read. She was honored with a public service at Graceland on Jan. 22. "Riley, Harper, Finley, and Priscilla are grateful for the support, well-wishes, and outpouring of love honoring their beloved Lisa Marie.
Soft hints of jasmine, rose and cedarwood create a sophisticated and elegant scent that is perfect for any space.
Austin Butler, who played Elvis Presley, earned only $700,000 for his role and is currently net worth an estimated $4 million, according to sources. ... Actors have been paid as little as $2,000 (Laguna Beach) and as much as $150,000 per episode by MTV (the heyday of Jersey Shore). Austin Butler's Real Estate Assets.
Out of the ridiculous $10.5million figure, Elvis received $4.5million and the Colonel received $6million.
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.
Elvis was buried at his beloved Graceland estate upon his death in 1977, and his grave sits beside those of his mother Gladys and father Vernon. Lisa Marie Presley, his only child, is also buried at Graceland, beside her son Benjamin Keough, who died in 2020.
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.
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.
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. Presley's three daughters, Riley, Harper and Finley, will inherit the Tennessee estate, according to a representative.
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.
The estate was estimated to be worth between $400 to $500 million in 2020 according to Rolling Stone. The King's daughter vowed never to sell the estate despite rumors to the contrary: “Graceland was given to me and will always be mine. And then passed to my children. It will never be sold.”
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.