Adjusting for inflation, Elvis Presley's net worth when he died would round out to around $20 million by today's standards. Image: Everett Collection.
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).
But in 2004, she agreed to sell off 85% of Elvis Presley Enterprises' assets, including Elvis' likeness rights, for around $100 million to music entrepreneur Robert F.X. Sillerman and his company CKX Inc. Lisa Marie Presley retained 15% ownership in Elvis Presley Enterprises.
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.
Priscilla Presley's net worth is around $50 million according to Celebrity Net Worth.
Prior to her death, she was worth $16 million.
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.
Towards the end of his career, the Colonel was taking a 50% commission, which was considered completely exploitative. Elvis Presley's performance in Hawaii in 1973 was the first performance telecast via satellite to the world.
After Lisa Marie's death in 2023, Graceland and her trust were inherited by her daughters, Riley 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 decided to allow Barry Seigel to handle all the funds, which were mostly sold in 2005 as Elvis Presley Enterprises. Exactly 85% of Elvis' image rights were sold and this left Lisa Marie with about $40 million after taxes. Unfortunately, she lost all that inheritance between 2005 and 2015.
Soon after becoming a trustee, Priscilla suggested opening Graceland to the public. Lisa Marie assumed control of the estate in 1993 and formed a new trust with her mother and the National Bank. That new trust created Elvis Presley Enterprises, Inc., and in 2005 Lisa Marie sold 85% of her stake in the company.
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.
At just nine years old, Priscilla Presley became one of three heirs to her father's estate when Elvis Presley passed away in 1977. Three years later, after the passing of her grandfather, Vernon, and great-grandmother, Minnie, she became the sole heir.
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.
But Presley, who was nine when her father died, remained the sole owner of Graceland, the Memphis Commercial Appeal said. And her 15% stake in EPE likely continues to generate a steady income, given that Elvis Presley is ranked as the No. 4 top-earning dead celebrity in 2022, according to Forbes.
After Elvis died in 1977 at Graceland, Priscilla helped establish Elvis Presley Enterprises (EPE), which launched Graceland into a top international tourist destination.
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.
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.
It was the beginning of a staggering run of chart-toppers that would last into the early '60s. Presley's fame came at a price, though, with Parker taking up to 50% of the singer's earnings, whereas most managers took 10 to 15%.
While Presley's star rose, his band remained on a fixed salary, causing increasing dissension. In a joint interview with The Memphis Press-Scimitar in late 1956, his three sidemen said they were being paid $200 a week when on tour (the article called that “good money for sidemen”) and $100 a week the rest of the time.
The Colonel travelled to Memphis for the funeral, where he turned up dressed in a Hawaiian shirt and baseball cap, and smoked his trademark cigar. It was reported that at the funeral, he persuaded Presley's father to sign over control of Presley's career in death to him.
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.
But the upstairs rooms at Graceland remain private. What many visitors don't know is that after visiting hours are over, the Presley abode is still a home. "It shuts down quite nice at night," explains Lisa Marie, who visits her hometown often. "I have family that I love very much who live there in Memphis," she says.
Following Lisa Marie's death on Jan. 12, 2023, her daughter Riley Keough's rep confirmed to PEOPLE that the daughter of Elvis will be laid to rest at Graceland. "Lisa Marie's final resting place will be at Graceland, next to her beloved son Ben," a statement to PEOPLE read.