How much of Graceland does Lisa Marie own?
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 ...
As reported by RadarOnline, Lockwood claimed that Lisa Marie has now come into cash, both after Graceland reopened after the pandemic and factoring in her cut from the Elvis biopic.
4. Lisa Marie Presley is the sole owner of the Graceland mansion and its original grounds. Under the terms of Elvis' will, she inherited the property in 1993, when she turned 25.
According to Graceland history, in 1939, Grace's niece, Ruth Brown Moore and her husband, Dr. Thomas Moore, built the mansion, which became well-known to the locals of Memphis.
THE UPSTAIRS IS OFF LIMITS
It was there, in his bathroom, that Presley's body was found on Aug. 16, 1977. After the home was opened to the public in 1982, the second floor was sealed shut out of respect to the family — and also to avoid any macabre attention at the scene of his death.
RCA Records owned all of Elvis' music recordings. The RCA Records Label was bought by BMG in the 1980s and in 2004 BMG merged with Sony Music Entertainment to become Sony BMG. Sony BMG owns Elvis' recordings and they continue to use the RCA Records label for issuing Elvis releases.
Elvis Presley died in 1977 when Lisa Marie was only nine years old. On her 25th birthday, she inherited the estate, which had grown to an estimated $100 million.
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 couple divorced on October 9, 1973 and agreed to shared custody of Lisa Marie; Priscilla also received a $725,000 cash payment, child support, spousal support, 50% of the proceeds from the sale of their home in Beverly Hills, and 5% of the royalties from Elvis' publishing companies.
Priscilla noted that Elvis' funeral procession reminded her of how iconic the singer was. "Going out the gates in the limo and seeing the streets lined up on both sides all the way to the cemetery. You'd see glimpses, you'd see people crying, hysterical, fainting, and that's how impactful it was," she said on TODAY.
Who was the last person to leave Graceland?
By the end of the 90s, Lisa Marie's estate was worth $200 million. Aunt Delta, who was the last person to live in the house (if you believe that Elvis has actually left the building permanently and isn't simply hiding upstairs), died in 1993.
Out of the ridiculous $10.5million figure, Elvis received $4.5million and the Colonel received $6million. Toward the end of his career, his body was ravaged by years of abuse.
After Elvis Presley's death from polypharmacy on August 16, 1977 at Graceland, his will appointed his father, Vernon Presley, as executor and trustee. The beneficiaries of the trust were Vernon, Elvis' grandmother Minnie Mae Presley, and his nine-year-old daughter Lisa Marie Presley.
Who got the idea for Elvis to buy Graceland? His parents, Vernon and Gladys saw it first and placed a $1,000 down payment on March 16, 1957.
Lisa Marie Presley Earns Over $100,000 A Month From Elvis Business. Lisa Marie Presley is still battling her ex-husband over financial support but turns out she is making bank from her father's music and other Elvis business.
Lisa Marie Presley, 54 – estimated net worth: -US$16 million.