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.
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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.
Lisa Marie Presley struggled with her finances throughout much of her life. After her $100 million Elvis Presley estate inheritance was squandered away by bad business dealings and a shady manager, Lisa Marie found herself in debt to the tune of $4 million at the time of her death at the age of 54.
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.
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).
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."
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.
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.
Presley blamed the root cause of her financial woes on a 2005 deal to sell an 85% stake in the Elvis Presley Estate (EPE) to CKX, an entertainment company that also owned the "American Idol" television show.
Sources told TMZ that Priscilla wanted a burial spot next to her ex-husband – who died in 1977 – at his Graceland estate. His final resting place is flanked by the graves of his beloved mother and father. Her request was described as a “non-starter”, so Priscilla backed down without much of a discussion.
Elvis Presley's famous Graceland mansion in Memphis, Tennessee, is staying in the family following the death of his daughter. Lisa Marie Presley inherited the 13.8-acre, 23-room estate from her rock'n'roll legend father after he died in 1977, when she was nine.
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.
Who Will Inherit Graceland? Lisa Marie's three daughters will split the inheritance of Graceland via a trust. That includes Riley Keough, 33, Lisa Marie's daughter from her first marriage to musician Danny Keough, and twins Harper and Finley Lockwood, 14, from the singer's second marriage to Michael Lockwood.
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.
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.
Following her death, Elvis Presley's legendary Tennessee estate will be passed down to her three children, Riley, Harper, and Finley.
Elvis would get $130,000 for a one night performance, he could received $1million for a movie deal and $250,000 to do a recording session. All financial decisions were made by the Colonel.
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.
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%.
Elvis is thought to have had around $5million at the time of his death, which nowadays would be an estimated $20million, according to StyleCaster. Despite having millions in the bank, it's thought that the amount was significantly less than what he earned throughout his career.
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.
The King of Rock and Roll died upstairs at Graceland and to this day it's off-limits to the public. However, Elvis Presley's private area is still perfectly preserved at his daughter Lisa Marie's request. It's the job of Director of Archives Angie Marchese to maintain Elvis' bedroom and other rooms just as he left it.
Elvis Presley's royalties do not go to his estate or his family. Instead, they are paid out to a trust that was set up for Presley's daughter, Lisa Marie Presley. Lisa Marie Presley is the sole beneficiary of her father's estate, which includes his royalties.