The Dichotomy Of Elvis' Graceland, America's True House Museum (2024)

FAQs

How much did Elvis Presley pay for Graceland? ›

Elvis bought Graceland from Ruth Brown Moore on 19 March 1957 for a price of $102,500 (about $1.1 million today). Built in a Colonial Revival–style in 1939 by Thomas and Ruth Moore, the residence stood on a 13.8-acre estate. It was Elvis' home right up until his death on 16 August 1977.

Presley paid $102,500 for Graceland in 1957.

Presley moved into Graceland with his parents and lived there for 20 years until his death in 1977. The estate grew to 17,552 square feet after additions and features 23 rooms with eight bedrooms, eight bathrooms and five staircases.

A mostly unnoticed presence, Aunt Delta remained at the mansion until her death on July 29, 1993, at the age of 74. She was the last resident of Graceland, where she had lived since the death of her husband in 1966.

At the time of his death in 1977, Elvis Presley's net worth was around $5 million, according to Celebrity Net Worth. (That's around $24 million today.) This figure was complicated by expenses related to Graceland and the fact that his record label was making money off his music, not Presley's estate or relatives.

Presley are distant cousins.

At the time, Priscilla was given a one-time sum of $725,000, along with spousal support, child support, 5 percent of Elvis' royalties, and half the money from the sale of their house, Biography reports. Priscilla and Elvis prepare to board their private jet following their wedding in Las Vegas.

Priscilla Presley's Net Worth

Celebritynetworth estimates her wealth at around $50 million, a testament to her ability to carve her own path after parting ways with Elvis Presley and establishing herself as an accomplished businesswoman, actress, and savvy real estate investor.

Now that Riley Keough's months-long legal battle over her late mom Lisa Marie Presley's estate with grandmother Priscilla Presley is settled, she is now the sole owner of Graceland.

Video below: Lisa Marie Presley obit

In 2020, a Presley executive told Rolling Stone that the estate was worth between $400 and $500 million. Lisa Marie Presley annually earned seven figures from her interest in the estate, based on a court filing in her 2022 divorce.

“The estate is considered unique under Tennessee law, and in being unique the loss of the real estate will be considered irreparable harm,” Jenkins said. Jenkins also said there was evidence that a company trying to foreclose on Graceland had forged documents that it claimed gave it the right to sell the property.

Why is the 2nd floor of Graceland closed? ›

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.

She hired a CEO, Jack Soden, to turn Graceland into a tourist attraction. Graceland was opened to the public on June 7, 1982. Only four weeks after opening Graceland's doors, the estate made back all the money it had invested.

At the time of Presley's death in 1977, it was suspected that Parker owed the Las Vegas Hilton over $30 million ($150,840,198 in 2023 dollars) in gambling losses. After a lifetime that saw him earn in excess of $100 million, Parker's estate was worth barely $1 million when he died.

When she turned 25 in 1993, Lisa Marie inherited roughly $100 million. Eleven years later, she sold 85 percent of her dad's estate.

As a result, Lisa Marie does not own the artist's royalties on sales of recordings made before March 1973, however the Elvis Presley Enterprises (EPE) does own his artist's royalties on sales of recordings made after that date, which still earns them a hefty sum.

Elvis' home base is now a major tourist draw

Graceland started as part of a cattle farm. Elvis bought the grounds and existing mansion for $102,500 in March 1957. Its worth was estimated between $400 million and $500 million as of 2020.

At the time, the value of Elvis' estate had fluctuated, but was worth close to or more than $120 million, as Priscilla resurrected the business by making Graceland a tourist attraction that has raked in about $15 million annually since it opened in 1982.

Summary. Austin Butler earned $700,000 for his role in the biographical film "Elvis." Butler's earnings were the second-highest in the cast of "Elvis." Butler's performance as Elvis Presley earned him critical acclaim and various award nominations.

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.