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Did Priscilla Presley Take Advantage Of Her Daughter And Ex-Husband's Estate?

Highlights

  • Priscilla Presley has performed a major function in growing and conserving Elvis Presley's estate.
  • She has benefited financially from her courting to Elvis and Lisa Marie.
  • There is debate among enthusiasts about whether Priscilla has taken advantage of her ex-husband's estate.

In May 1967, music legend Elvis Presley married the then-21-year-old, Priscilla Presley, after first meeting in Germany all over Elvis's U.S. Army occupation. Controversially, they met when she was only 14 years old. While Presley used to be handiest married to her husband for six years, she has turn out to be eternally known as Mrs. Elvis Presley. She was the only lady Elvis ever married and used to be the mummy of his best child, Lisa Marie Presley.

Rightfully so, all of Elvis's property have been inherited through his daughter upon her twenty fifth birthday in 1993. Since Elvis's premature passing, Priscilla Presley has taken a specific interest in his estate and has overseen posthumous initiatives. This begs the query on whether Presley has tried to take advantage of her ex-husband's estate and even her personal daughter.

Has Priscilla Presley Taken Advantage Of Elvis Presley's Estate?

Priscilla Presley has for sure benefited from her ex-husband's huge good fortune after his passing. Presley, who helped open Elvis's cherished house, Graceland, for public tours in 1982, had a right away role in growing Elvis Presley's estate. She labored onerous, however, to help keep Elvis relevant for new generations. Some of her tasks were praised, and some had been criticized by means of Elvis lovers.

Priscilla Presley Net Worth (Celebrity Net Worth Statistic)

$50 million

While Presley has amassed a part of her fortune due to her relationships to Elvis and Lisa Marie Presley, she has also earned money on her own from performing and more than a few business ventures. She opened a boutique named "Bis & Beau", quickly after Elvis passed away. Presley in the end starred within the soap opera, Dallas, and the second one and third Naked Gun movies. She additionally made a visitor look in a Touched through an Angel episode.

Lisa Marie Presley unexpectedly passed on to the great beyond in January 2023, in an oddly similar style to her father. According to CBS News, Presley died 16 million greenbacks in debt, even if she earned cash from Elvis Presley Enterprises annually.

Upon Lisa Marie Presley's passing, Priscilla Presley and her granddaughter, Riley Keough, fought over regulate of The Elvis Presley Estate.

  • Priscilla Presley's main requests in settling the dispute did no longer most effective contain significant cash.
  • According to Parade, she additionally asked the best to be buried near her ex-husband at Graceland, which used to be eventually granted via Riley Keough once she used to be named as sole trustee of The Elvis Presley Estate. This request has been wondered via a lot of Elvis lovers.

Whether Priscilla Presley has taken advantage of her ex-husband and daughters' respective estates does no longer have a clear answer. Some lovers may consider that she has been a positive force towards preserving Elvis's legacy, while others might assume she has taken an excessive amount of of a job in the entertainer's estate.

What is understood is that Priscilla liked her daughter and her husband. Both of their passings deeply affected Presley, and she has experienced a lot of loss in her lifestyles.

How Has Priscilla Presley Been Involved With Elvis's Estate?

Elvis Aaron Presley kicked the bucket on August 16, 1977. For many individuals around the world, the arena stood still as they heard the sudden and tragic news. Presley, who turned into a legend in his own lifetime, had a legion of fanatics of all ages and was once one of probably the most recognizable entertainers of his era.

As challenging of an experience Elvis's passing was once for his lovers, it was much more stressful for his circle of relatives, specifically his daughter, Lisa Marie, and his father, Vernon.

  • Lisa Marie Presley used to be most effective nine when her father succumbed to a heart attack at 42 years of age.

Related: What Happened To Priscilla Presley's Face?

According to detailed instructions left in Elvis's will, his father, Vernon Presley, used to be named a trustee in The Elvis Presley Estate. Vernon Presley knew the closest of kin to his granddaughter, Lisa Marie, was her mom, so he made up our minds to name Priscilla Presley as a trustee of the Estate upon his dying.

Priscilla Presley assumed the role in June 1979, after Vernon Presley passed away. Presley now had control and a say in The Elvis Presley Estate, at least until her daughter became 25. Perhaps Presley's most vital contribution to Elvis's estate was once overseeing the outlet of Graceland, which has turn out to be one of probably the most cherished tourist sights in America.

There are more than one explanation why Presley strategically made up our minds to open the mythical family house. Foremost, the costs with upkeeping the mansion and grounds every year have been fairly pricey. In truth, upkeeping Graceland was having a profound unfavorable affect on Lisa Marie Presley's inheritance. Graceland value:

  • $500,000 in line with year
  • This incorporated maintenance, expenses, and taxes

While Elvis Presley made lots of cash throughout his profession, he also freely spent it and shared his fortune with family, pals, and even strangers. Presley rarely thought about monetary saving and believed he may make more money if he wanted too.

Elvis Presley Net Worth At The Time Of His Passing (Grunge Statistic)

$Five million or roughly $20+ million adjusted for inflation

Presley, figuring out how a lot Graceland intended to her daughter, did now not want to must sell the valuables. She also known that opening the home for excursions may just generate important profits for the Estate.

  • More significantly, opening up Graceland would imply the arena to Elvis's lovers and may develop into a place of pilgrimage.

Presley then made up our minds to rent stockbroker Jack Soden to make her vision a fact. Soden become Elvis Presley Enterprises' CEO and in June 1982, Graceland opened its doorways to enthusiasts from around the globe. According to Market Realist, underneath Priscilla Presley's leadership and guidance, The Elvis Presley Estate changed into value $One hundred million within ten years after Graceland opened.

Once Lisa Marie Presley turned 25, Priscilla Presley was still concerned with The Elvis Presley Estate, even though Lisa Marie was the sole owner of Graceland. Priscilla Presley served as a council for the younger Lisa Marie Presley. Lisa Marie in the end began a brand new believe to control her father's property and estate.

Related: What Really Happened Between Elvis And Priscilla Presley?

While Lisa Marie Presley assumed keep an eye on of her father's estate, Priscilla Presley oversaw posthumous tasks such as the extremely acclaimed Royal Philharmonic Orchestra collaboration albums, "If I Can Dream", "The Wonder of You", and "Christmas with Elvis and the Royal Philharmonic Orchestra." The albums received important and business praise.

Presley additionally oversaw and produced the debatable Netflix display, Agent Elvis, which has angered some Elvis lovers due to its vulgarity and premise.

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Christie Applegate

Update: 2024-05-08