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
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.
Riley Keough will be owner of Graceland; Priscilla Presley to be buried there. Riley Keough, the daughter of Lisa Marie Presley, will be the sole trustee for her late mother's estate, according to court documents obtained by USA TODAY.
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."
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.
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.
Upon the deaths of her grandfather in 1979 and her great-grandmother in 1980, she became Elvis' sole heir; on her 25th birthday in 1993, she inherited the estate, which had grown to an estimated $100 million. Presley sold 85 percent of her father's estate in 2004.
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.
The sudden death of Lisa Marie Presley means that her three daughters will become the new owners of their grandfather's historic estate, Graceland. It is one of the few things their mother controlled at the time of her death, despite becoming the sole owner of Elvis Presley's estate at the age of 25.
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.
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.
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 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.
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.
When Elvis died on Aug. 16, 1977, he was only 42. He had lived at Graceland for 20 years. So, the house, in a way, has been home to Elvis' legacy for twice as long as it was home to Elvis.
Lisa Marie Presley did not live in Graceland, as while part of the house is kept closed to the public, it is mainly a tourist attraction these days. However, she would see the house as home and sometimes have family meals like Thansgiving in the dining room there.
Sadly for Lisa Marie, her inheritance never included the royalties to the many songs of Elvis Presley's which were recorded.
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.
Elvis Presley's home has been open to the public as a museum for 40 years, but nobody is allowed upstairs. That is unless you are Priscilla Presley, Lisa Marie Presley or someone with special permission like Graceland's Vice President of Archives and Exhibits Angie Marchese.
Long a tourism magnet for Memphis, Tennessee, Graceland has failed to see visitors return to pre-pandemic levels, and borrowers of bonds issued in 2017 to finance its redevelopment missed another scheduled debt payment, the latest in a string of missed obligations marking worsening financial straights for the ...
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.
Elvis Presley's iconic Graceland estate will stay in the family following the death of his daughter, Lisa Marie. The mansion, located in Memphis, Tennessee, has become a popular tourist destination following the death of The King of Rock and Roll in 1977.
Graceland's new, world-class, 450-room resort, The Guest House at Graceland, welcomed its first guests today when Priscilla Presley joined Graceland executives to cut the “blue suede ribbon” to signify the official opening for the $92 million luxury property.