Elvis' only daughter was valued at about -$10 million, according to Celebrity Net Worth, and it has a lot to do with her father's $100 million fortune she inherited at the time of his death. According to Lisa, she ran into financial troubles when she trusted her former business manager Barry Siegel with her cash.
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.
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.
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.
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.
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.
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.
Priscilla Presley's net worth is around $50 million according to Celebrity Net Worth.
Of course, of the artist's royalties sold by Colonel Tom to RCA, Lisa Marie gets nothing. However, through The Elvis Presley Trust, Lisa Marie wholly owned EPE, which managed her father's estate.
She died on Thursday at the age of 54 after a cardiac arrest. A representative of Graceland told People that the property will now be passed on to Lisa Marie's three daughters, Riley, Harper and Finley.
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.
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.
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.
Who was Colonel Tom Parker, Elvis Presley's manager who allegedly stole over half of his millions? Inside their controversial connection, depicted in Baz Luhrmann's new biopic.
At the time of his death in 1997, Elvis' Manager, Colonel Parker was worth approximately $1 million, the same as $1.8 million in 2023.
Lisa Marie retained that 15% ownership in EPE at the time of her death, as well as complete ownership of Graceland Mansion and the 13 acres of land her father acquired when he initially purchased the property.
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.
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.
Graceland Holdings LLC, led by managing partner Joel Weinshanker, is the majority owner of EPE.
Despite the fact that Sony BMG owns the rights to Elvis' recordings, they continue to release them under the RCA Records label. The songs are owned by the composers and publishers. The Sun and RCA recordings were never his.
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.
After Elvis died in 1977 at Graceland, Priscilla helped establish Elvis Presley Enterprises (EPE), which launched Graceland into a top international tourist destination.
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.
This left Lisa Marie Presley as the sole heir to the estate. Elvis' will stated that her inheritance was to be held in trust for her until her twenty-fifth birthday, February 1, 1993.