Elvis Presley, the iconic King of Rock and Roll, continues to captivate fans around the world even decades after his untimely death. Beyond his legendary music and larger-than-life persona, Elvis left behind an extraordinary legacy in the form of his estate. Today, we delve into the current value of the Elvis estate and the impact it has had on his net worth.
At the time of his passing in 1977, Elvis Presley’s net worth stood at approximately US$5 million, which, adjusted for inflation, amounts to around US$20 million in today’s currency. However, the management of his estate took a remarkable turn under the guidance of his ex-wife, Priscilla Presley.
Under Priscilla’s astute leadership, Elvis’ estate, famously known as Graceland, was opened to the public. This decision not only gave fans an opportunity to immerse themselves in the life and legacy of Elvis but also paved the way for a significant increase in revenue and the preservation of his memory. As a result, the net worth of Elvis’ estate has grown exponentially over the years.
Rolling Stone estimated the worth of the Elvis estate to be between US$400-500 million in 2020, a testament to the ongoing merchandise and branding sales that continue to contribute to its value. This impressive figure showcases the enduring impact and resonance of Elvis Presley’s unparalleled talent and cultural significance.
The Riches of the Presley Family
Lisa Marie Presley, Elvis’ daughter, is estimated to have a net worth of -US$16 million. This is mainly due to financial problems related to the Elvis Presley estate, which she inherited but invested in a revocable living trust that was mismanaged.
Priscilla Presley, Elvis’ ex-wife, has an estimated net worth of US$50 million. She founded Elvis Presley Enterprises and played a key role in the success and profitability of Graceland.
Linda Thompson, Elvis’ former girlfriend, has an estimated net worth of US$25 million. She had a significant relationship with Elvis and later became known as a songwriter.
Riley Keough, Lisa Marie’s daughter, has an estimated net worth of US$5 million. She began her career as a model and then transitioned into acting.
Ginger Alden, Elvis’ fiancée at the time of his death, has an unknown net worth, but it is speculated to be between US$500,000 and US$5 million.
The Future of Elvis’ Estate
Following the unfortunate demise of Lisa Marie Presley, her three daughters – Riley Keough, Harper, and Finley Lockwood – are set to inherit a significant part of Elvis Presley’s historic estate, Graceland. Along with a small portion of the property, they will also obtain a 15% stake in the estate, ensuring their continued connection to their legendary grandfather’s legacy.
The ownership details of Elvis’ estate are not fully disclosed, but it is currently managed by Graceland Holdings LLC, which maintains an 85% controlling interest. This arrangement implies that Priscilla Presley, Elvis’ ex-wife and Lisa Marie’s mother, is expected to continue overseeing the day-to-day operations and management of Graceland, guaranteeing the preservation and continued prominence of Elvis’ extraordinary contributions to the world of music and entertainment.
As passion and dedication run through the Presley family, Lisa Marie’s daughters are poised to carry forward their grandfather’s remarkable legacy, ensuring that future generations can experience and appreciate the enduring impact of Elvis Presley. With Graceland as a treasured landmark honoring Elvis’ life and achievements, fans and admirers can rest assured that his estate will remain a cherished testament to his iconic status for years to come.