Lisa-Marie Presley's three daughters to inherit
Lisa Marie Presley made news again after her death when it was announced that her daughters, Riley Keough and twins Finley and Harper Lockwood, would inherit the mansion Graceland, located in Memphis, Tennessee formerly belonging to their grandfather, Elvis Presley.
However, by the time Lisa Marie inherited Elvis' whole estate in 1993, the amount had grown to $100 million, thanks to the stewardship of Priscilla. “I tried to ignore it,” Lisa Marie told People at the time.
Unfortunately, Benjamin died in 2020 at the age of 27, so her three daughters will now inherit Graceland. Riley also welcomed a daughter of her own with husband Ben Smith-Peterson, it was confirmed at Lisa's memorial, making Lisa Marie a first time grandmother.
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.
Lisa Marie Presley's ex-husband has won full custody of their two twin daughters following her sudden death in January.
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.
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.
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.
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 ...
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.
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).
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.
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.
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.
Lisa Marie Presley was the sole heir to the sprawling 13-acre estate following Elvis' death in 1977. Per People, the Memphis mansion will now go to her three daughters, including actor Riley Keough. "Graceland was given to me and will always be mine," she told USA Today. "It will never be sold."
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%.
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.
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 girls have been staying with their father Michael Lockwood since their mother died and he is now said to have been granted full custody of the twins. Danny has been living with Lisa Marie for quite some time after their son Benjamin Keough tragically ended his own life over two years ago in 2020.
They also had a son Benjamin, who took his life aged 27 in 2020. Michael is married to Beauty Beach Lounge hairstylist Stephanie Hobgood and they live in an estate estimated to be worth $800,000 in Thousand Oaks, California.
Elvis Presley's famous Graceland mansion in Memphis, Tennessee, is staying in the family following the death of his daughter.