Who is the new owner of Graceland?

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.

Does Lisa Marie Presley still own Graceland?

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.

Who lives in Graceland now?

Elvis Presley's iconic Memphis, Tenn. mansion, Graceland, will stay in the Presley family. Following the death of Lisa Marie Presley on Thursday, the property, which is in a trust, will benefit Lisa Marie's three daughters, Riley, Harper and Finley, a representative for Graceland confirms to PEOPLE.

Who bought Graceland Elvis or his parents?

Many fans may think of Graceland as the home of a rock star, but it's also the home of a Southern man and his family. Elvis purchased Graceland so his parents could have a home they deserved. The home is full of Presley family artifacts and photos.

Who is the heir of Graceland?

Elvis Presley's iconic Graceland mansion will stay in the family after the death of his only child, Lisa Marie Presley. The 54-year-old singer died last week after suffering a cardiac arrest. Presley's three daughters, Riley, Harper and Finley, will inherit the Tennessee estate, according to a representative.

THE 3 HUGE CHANGES MADE TO GRACELAND WHEN LISA MARIE VISITS | Bonus: Rare Film of Elvis' Cousin!

Will Graceland ever be sold?

It will never be sold." A representative for Keough confirmed to People that Lisa Marie will be buried in Graceland's Meditation Garden "next to her beloved son" Benjamin Keough, who died by suicide at the age of 27 in July 2020.

How much is Graceland worth now?

The mansion and property were acquired by Elvis Presley for $100,000 in 1957. The estate was estimated to be worth between $400 to $500 million in 2020 according to Rolling Stone.

Who gets royalties from Graceland?

According to the terms of her father's will, Lisa Marie became the sole inheritor of Graceland and the rest of the “Hound Dog” singer's estate, but her inheritance was held in a trust until she turned 25.

Why can't you go upstairs at Graceland?

The Upstairs Remains 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.

Who owns the majority of Graceland?

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 ...

Who is laid to rest at Graceland?

(WMC) - Lisa Marie Presley was laid to rest Sunday morning at Graceland. Presley died earlier this month at the age of 54. She will be buried next to her son, Benjamin Keough, who died in 2020 at just 27. Elvis and other family members are also buried there.

Who bought Graceland after Elvis died?

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.

Does Graceland still make money?

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.

How much is Elvis Presley estate worth?

At the time of Elvis' death in 1977, his estate was worth about $5 million (roughly $25.4 million in today's dollars). Lisa Marie Presley inherited her father's estate when she turned 25 years old in 1993.

How many bedrooms is in Graceland?

Graceland is 17,552 square feet (1,630.6 m²) and has a total of 23 rooms, including eight bedrooms and bathrooms.

Who cleans the upstairs of Graceland?

Visitors to Graceland have been able to tour the downstairs rooms and grounds of the estate since 1982, but upstairs remains private. Lisa Marie has kept everything exactly as it was on the tragic morning in 1977 when her father died.

What parts of Graceland are off limits?

There's part of Presley's estate that's closed off to visitors. Tourists can't visit Presley's master suite located on the second floor of the mansion. Much like it was in Presley's life, the suite remains a private refuge for the family. Presley only ever invited his closest friends and family to the room.

Who will inherit Graceland after Lisa Marie?

After Lisa Marie's trust was established in 1993, the musician amended the will in 2016, replacing mother Priscilla Presley and business manager Barry Siegel with Riley and son Benjamin Keough as cotrustees. Benjamin died in 2020 at just 27 years old, leaving Riley as the soul trustee.

Does Lisa Marie Presley have a negative net worth?

Presley, a singer-songwriter like her father, wasn't rich enough to make the Forbes list of highest-paid entertainers, while some celebrity websites even estimated that she may have had a negative net worth at her death.

How much do you get paid to work at Graceland?

Average Graceland Portable Buildings hourly pay ranges from approximately $8.00 per hour for Sales Associate to $26.00 per hour for Lead Carpenter. The average Graceland Portable Buildings salary ranges from approximately $40,000 per year for Sales Associate to $89,443 per year for Owner/Manager.

Who owns Elvis Presley's royalties?

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. They also have a special Elvis collectors label, Follow That Dream Records.

What did Elvis pay for Graceland when he bought it?

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.

Who gets Elvis Presley's money now?

Who inherited Elvis Presley's money? Elvis Presley left his money to his daughter Lisa Marie Presley, who was 9 years old at the time of his death, while his dad Vernon was the estate's executor.

Will Lisa Marie be buried at Graceland?

Graceland prepares for Lisa Marie Presley's memorial

Lisa Marie Presley's final resting place will be at Graceland, the former home of her late father, rock 'n' roll legend Elvis Presley, and the burial site of several members of the Presley family.