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.
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.
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.
Priscilla Presley's net worth is around $50 million according to Celebrity Net Worth.
What Was Lisa Marie Presley's Net Worth? 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.
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.
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.
The Upstairs Remains Off Limits
Presley's primary suite on the second floor of Graceland was his most private refuge, where only his closest confidants were allowed. It was there, in his bathroom, that Presley's body was found on Aug. 16, 1977.
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 later was remarried to Michael Lockwood in 2006 and had 14-year-old twin girls, Harper and Finley, with Lockwood. Elvis Presley's 120-acre Graceland home was left to Lisa Marie following his death in 1977 along with a reported $100MM in a trust.
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.
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.
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.
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.
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.
As a result, Lisa Marie does not own the artist's royalties on sales of recordings made before March 1973, however the Elvis Presley Enterprises (EPE) does own his artist's royalties on sales of recordings made after that date, which still earns them a hefty sum.
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.”
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.
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.