What is Elvis Presley Net Worth At The Time of His Death? Who Tookover His All Money After Him?

By Michael Head Last updated Jun 14, 2022 0

Even after all these years, the King of Rock ‘n’ Roll is still generating money. In 1977, Elvis Presley passed away. His estate has continued to benefit from the late star’s music sales and visitors to the Graceland mansion-turned-museum in the years following his death.

Elvis Presley’s inheritance is still so lucrative four decades later that he is the seventh highest-paid deceased celebrity in 2020. In fact, his estate earned more money this year than the singer did the year he died.

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Elvis Presley’s Net Worth

Elvis Presley was an American singer, musician, and actor who died in 1977 with a net worth of $20 million USD (actually, his net worth was $5 million before inflation). He is the all-time best-selling solo artist. This musical pioneer surpassed borders, becoming a cultural icon who ushered in a new age. He is credited with popularising Rock ‘n Roll music. Because of his celebrity, his last name is seldom used; “Elvis” or “The King” suffices most of the time.

Elvis Presley’s Net Worth At the Time of His Death

Elvis Presley sold 600 million albums and singles worldwide throughout his lifetime. He could charge up to $1 million for each performance at his peak. Twenty-one of his albums charted at number one, while 35 of his singles charted at number one. For over two decades, he was RCA’s cash cow.

Elvis Presley’s net worth was $5 million at the time of his death. While $5 million isn’t exactly pocket change, it’s a lot less than he made in the prior three decades.

Elvis spent tens of millions of dollars on Graceland’s acquisition and upkeep. He spent even more money on parties and his crew. Please read this article for a thorough analysis of Elvis Presley’s wealth and fortune. It’s also worth noting that when Elvis died, his estate would go on to make hundreds of millions of dollars in licensing fees.

What Happened to All the Money? It Got to Four Sites in Presley’s Case:

On Divorce
Real Estate
Drugs
Hangers

Death

His addiction took a toll on his health after years of consuming numerous prescription medicines. Elvis Presley was discovered lifeless on a bathtub floor in 1977, after a series of overdoses and scares, marking the death of a global icon.

Lisa Marie Received the Entire Property from Her Father

Lisa Marie Presley was just 9 years old when her father died, and although she inherited his riches, it was originally placed in a trust managed by Presley’s own father, Vernon Presley. When Vernon died two years later, Lisa Marie’s mother – Elvis Presley’s ex-wife, Priscilla Presley — inherited the estate, as stipulated in Vernon’s will (via the Los Angeles Times). When Lisa Marie reached 25, she would take over the trust.

According to E! News, Priscilla had expanded her daughter’s inheritance to an estimated $100 million at that time, and Lisa Marie was receiving roughly $100,000 per month from her father’s estate as recently as 2017.

However, by the time Lisa Marie was aged 50, the bulk of her father’s riches had been squandered due to years of financial mismanagement. Lisa Marie Presley, who was married to Michael Jackson at the time, blamed her business manager, Barry Siegel, for a spate of disastrous business decisions.

According to Forbes, Lisa Marie sued Siegel in 2018, alleging that he paid himself $701,000 a year while leaving her with just $14,000 and $500,000 in debt. According to Yahoo! Entertainment, Siegel counter-sued for $800,000 in damages in 2019. Aside from legal challenges, the Elvis Presley estate continues to produce money, generating almost $39 million each year, making Elvis one of the highest-paid music artists living or dead (via Express). On YouTube, you can see the trailer for Baz Luhrmann’s biography “Elvis,” starring Austin Butler.