In the end only Graceland remains
This is what the children of Lisa Marie Presley († 54) inherit
Lisa Marie Presley has pulverized the legacy of the “King of Rock ‘n’ Roll”. She leaves only Graceland to her children.
Riley Keough, Finley Aaron Love Lockwood, Lisa Marie Presley and Harper Vivienne Ann Lockwood (from left) at an event in Beverly Hills five years ago.
Dominik HugHead of Department People
The death of Lisa Marie Presley († 54) shocked the world. Elvis Presley’s (1935-1977) daughter died suddenly of cardiac arrest on Thursday.
The only child of the “King of Rock ‘n’ Roll” was married four times and leaves daughter Riley Keough (33) and twins Finley Aaron Love and Harper Vivienne Ann Lockwood (14). Lisa Marie Presley had a fourth child: son Benjamin Keough († 27). He committed suicide on July 12, 2020. Now the surviving daughters are to receive the entire Presley legacy. But there isn’t much left of that.
When Elvis died, Lisa Marie was only nine years old
Elvis is one of the most successful artists in music history. However, as he was extraordinarily lavish during his lifetime, he left an estimated fortune of just five million dollars after his death. Lisa Marie was his sole heir. However, she was only allowed to access the assets from the age of 25. Until then, her mother Priscilla Presley (77) managed the estate, which also includes the legendary Graceland estate in the US state of Tennessee.
Priscilla had the lucrative idea of opening Graceland to fans and tourists. She also secured the rights to her former husband’s name and image. So, in a decade and a half, she managed to increase the Presley fortune to over 100 million.
In 1993, Lisa Marie Presley was finally allowed to inherit. In the end, however, this almost completely vanished into thin air due to decades of bad investments. In 2018, she sued her longtime advisor and managing director Barry Siegel (73) for mismanagement and embezzlement. However, it is still not fully clear how the two were able to pulverize such a large fortune.
“Graceland will never be sold”
However, Lisa Marie Presley’s three daughters do not have to go hungry. Graceland is valued at $400 to $500 million and generates around $30 million annually. “Graceland was given to me and will be mine forever,” Lisa Marie once said. “Once I’m no longer here, the property will be transferred to my children.” She also emphasized: “Graceland will never be sold.”
Lisa Marie Presley will also find her final resting place there – alongside her father Elvis and her son Benjamin.