Who owns Elvis Presley's estate now?

Lisa Marie Presley retains a 15% ownership in the company and continues to be involved, as does her mother Priscilla Presley. Lisa Marie retained sole ownership of the mansion itself, as well as her father's personal effects.

Who gets money from Elvis estate?

He left his estate to his father, grandmother, and daughter, Lisa Marie Presley — and when the former two passed away within years of Presley's passing, she became the sole personal owner of the property, and remains such today. Fittingly, Graceland even hosted the U.S. premiere of Elvis.

What is Elvis Presley's estate worth today?

In 2020, the estate's value was $400 to 600 million, a source told Rolling Stone. Now — thanks to Presley's prevailing cultural relevance, with a new film out Friday and publishing valuations soaring on potential future earnings — a new source tells Billboard the Presley estate is worth more like $1 billion.

Does Elvis family still own 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 ...

What happened to Elvis's estate?

Maybe the record royalties would rise again. Maybe . . . . But in the end, there was only Graceland. The final blow came in 1981: The federal government, taking into account the money made since Elvis' death, reappraised the estate at $22.5 million, up from $4.9 million, and slapped on a $10-million inheritance tax.

How Elvis Presley Spent His Millions

Does Graceland still make money?

Elvis has been dead for 43 years and he is STILL making a TON of money. Sure, the coronavirus pandemic has slowed down the tourist traffic to Graceland, his former home turned museum devoted to all things Elvis. In a typical year, Graceland brings in more than $10 million of Elvis' estate's earnings.

Does Elvis Presley still get royalties?

That meant Elvis no longer got (EPE today does not get) his artist's royalties for the ongoing sales of any recordings created before the March 1973 deal. However, Elvis did continue (EPE today continues) to get his artist's royalties on sales of recordings created after the March 1973 deal.

Does anyone live at Graceland?

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.

Will Graceland ever be sold?

Lisa Marie Presley is keeping Graceland but selling the bulk of the Elvis estate, including rights to her father's name and image, in a deal worth approximately $100 million. Elvis Presley Enterprises Inc. announced an agreement Thursday to sell 85 percent of its assets to businessman Robert F.X.

How much money did Elvis make in his life?

An estimate by Daily Mail puts Elvis' earnings during his lifetime at around $100 million, which would be around $400 million today. When he died at the age of 42, he had about $5 million in the bank (about $20.5 million today), according to Forbes.

How much is Gracelands worth?

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.

Who did Priscilla leave Elvis for?

She began a relationship with her karate instructor, Mike Stone, in the early '70s, but she later said that their marriage was troubled from the start. “With Elvis, my life was his life,” she told People in 1978.

Where will Priscilla be buried?

The “Love Me Tender” singer is interred in the Meditation Garden behind his mansion's pool in Memphis, Tenn.

Why is upstairs at Graceland off limits?

THE UPSTAIRS IS OFF LIMITS

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.

Is there a tunnel under Graceland?

Elvis' cousin added: “No he didn't really have a tunnel.” Nevertheless, what's really fascinating is that Graceland's upstairs is preserved just as The King left it. On August 16, 1977, Elvis died of a heart attack on the toilet up there, before being discovered by his girlfriend of the time, Ginger Alden.

Who owns the guest house at Graceland?

Priscilla Presley and Joel Weinshanker — who, along with the Presley family and Authentic Brands Group, owns the rights to Graceland's operations — attended the Oct. 27 ribbon-cutting ceremony for the new $92 million hotel. Weinshanker said the entire project was influenced by Elvis on multiple levels.

Who owns Elvis Presley Marilyn Monroe rights?

Authentic Brands Group is an industry leader and owns the licensing rights to such iconic brands as Marilyn Monroe, Elvis Presley, Muhammad Ali, Shaquille O'Neal, among others.

How much did Lisa Marie sell Graceland for?

Lisa Marie Presley is keeping Graceland but selling the bulk of the Elvis estate, including rights to her father's name and image, in a deal worth approximately $100 million. Elvis Presley Enterprises Inc. announced an agreement this week to sell 85% of its assets to businessman Robert F.X.

Does Shaquille O'Neal owns Elvis Presley?

Shaquille O'Neal just revealed he owns Forever 21, Elvis Presley, and much more. "I make investments, not for the monetary reasons, but... if it's going to change people's lives — and if I see people enjoy doing it."

Who owns the rights to Elvis music Shaq?

Due to his extensive investment in ABG, Shaq owns a percentage of Elvis' royalties. He also owns a percentage of Marilyn Monroe, Muhammad Ali, Forever 21, David Beckham, and Barney's New York.

Who owns and manages Graceland?

Graceland Holdings LLC, led by managing partner Joel Weinshanker, is the majority owner of EPE. Lisa Marie Presley retains a 15% ownership in the company.

What was Elvis Presley's last words?

The star famously suffered from extreme constipation and would spend long periods in the bathroom. Ginger later revealed she warned him not to fall asleep in the toilet and Elvis' last ever words were, "I won't."