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As the ex-wife of the King of Rock and Roll, most Elvis fans want to know what Priscilla Presley’s net worth is.
Elvis Presley married Priscilla on May 1, 1967, after a courtship of several years. The two had a daughter, Lisa Marie, who was born on February 1, 1968. The Presleys split in 1972 after an affair with their karate instructor and had frequent affairs with their co-stars. But after the “All Shook Up” singer’s death, Priscilla presided over her estate through her daughter’s inheritance until she was old enough.
In January 2023, two weeks after Lisa Marie’s death, Priscilla filed legal documents rejecting an amendment to Lisa Marie’s trust, according to TMZ. As mentioned, Priscilla and Elvis’ manager, Barry Siegel, was named trustee of Lisa Marie’s trust after her father’s death in 1977. Between that time and Lisa Marie’s death, the trust was amended and Lisa was appointed, replacing Priscilla and Siegel as trustees. instead Mary’s eldest children, Riley and Benjamin. Priscilla claimed in a 2023 legal filing that the amendment may have been fraudulent because it was never given to her. She also argued that the date looked suspicious, that her name was misspelled in the document, and that Lisa Marie’s signature “appears to be inconsistent with her usual and customary signature.” Priscilla filed to have the amendment declared invalid.
On May 16, 2023, a settlement was reached between the estate of Priscilla Presley and Lisa Marie after months of a legal battle. TMZ reported that the settlement was worth several million dollars. Priscilla’s attorney, Ronson J. “All parties have reached a settlement and the family is happy,” Simon told Entertainment Tonight. “They are very excited for the future.” Riley’s attorney Justin Gold shared the same sentiment, telling the site, “Riley is overjoyed. She is a remarkable woman and she has a bright future.”
So what is Priscilla Presley’s net worth? Read more to find out.
What is Priscilla Presley’s Net Worth?
Image: John Kopaloff/Getty Images
What is Priscilla Presley’s Net Worth? According to Celebrity Net Worth, Priscilla Presley has a net worth of around $50 million. After her divorce from Elvis, she received $725,000 in cash payments, child support, spousal support, 50% of the proceeds from the sale of her home in Beverly Hills, and 5% of royalties from Elvis’ publishing companies, according to Nat. . worthy site. She also opened a boutique called Bis & Beau, which attracted clients such as Diana Ross, Barbra Streisand and Cher.
After Elvis’s death, Vernon was the beneficiary of Elvis’ trust; Lisa Marie; and Elvis’ grandmother, Minnie May Presley. Because Lisa Marie was 9 years old at the time of her father’s death, her inheritance lasted until her 25th birthday. Vernon was the executor of Elvis’s will while Lisa Marie was the trust for her father’s inheritance. Elvis’ famous residence was part of the Graceland Trust, but maintenance efforts undermined Lisa Marie’s trust. Priscilla turned the residence into a very successful international tourist attraction as well as becoming the chairman and president of Elvis Presley Enterprises. The property reportedly earns $10 million in a typical year.
After Lisa Marie’s death in 2023, Graceland and her faith will be inherited by her daughters, Riley Keough and Harper and Finley Lockwood, a representative for Graceland confirmed to PEOPLE. Lisa Marie shares Riley with her ex-husband, Danny Keough, whom she divorced in 1994. She shares twins Harper and Finley with her ex-husband Michael Lockwood, whom she separated from in 2016 and divorced in 2021. Lisa Marie’s son Benjamin Keough, whom she shared with Danny, died by suicide in 2020. He was 27 years old.
Image: Courtesy of The Everett Collection.
According to a source the matter escalated within the family entertainment tonight On February 16, 2023. “It has been a very stressful and heartbreaking few weeks for both Riley and Priscilla. Riley mourns the loss of her mother and is heartbroken as she deals with a trust dispute with a family member. Priscilla is adamant that she has a valid case and will win in court. Riley and Priscilla are not communicating at this time, but are communicating through attorneys,” the source shared. The source added that “they are both gearing up for court, with Riley looking to resolve this dispute privately.” Would like it.”
On how Lisa Marie’s daughter feels about the situation, the source said, “She is heartbroken that this has become a public matter and she knows her mother would never want that. Riley is under a lot of stress at the moment.” and is trying to keep a positive attitude and outlook ahead of the arrival of her new series,” the source says of Riley’s role daisy jones and the six, “Her daughter and husband are keeping her in good spirits.” However, Priscilla feels she is “right in her heart” when it comes to trusting her late daughter. “He is convinced that the old documents were forged,” the source confirmed.
Priscilla released a statement about the situation entertainment tonight In January 2023. “I loved Elvis as much as he loved me. Lisa is the result of our love, ”said Priscilla. “For anyone to think anything differently would be a travesty of the family legacy and an insult to everything Elvis left behind in his life. There is one person who bought his way into the family enterprise who lives on behalf of our family.” Trying to speak. This person is not representative of Elvis or our family. “Please give us time to work together and resolve this. Please ignore the ‘noise’. As I have always been for Elvis’ legacy, our family and fans, I will continue to move forward with respect, honesty, dignity, integrity and love.
Joel Weinshanker, managing partner of Elvis Presley Enterprises, revealed that he was in favor of Riley retaining the role of trustee following her mother’s death. “When Elvis passed away, he left everything to his little girl. He did it because he knew she would carry on his legacy,” she said on SiriusXM. elvis radio, “I can tell you that [Lisa Marie] Whatever is happening in her life, in her career and so on, she has always been without hesitation One to see what was best for Elvis… regardless of what any other family member was trying to do [was trying to] Doing.”
“We just want to think that’s what Lisa wanted and that’s what’s best for Elvis. There was never any doubt in his mind that he was Riley,” Joel continued. “There’s no question on anyone’s mind [because] lisa spoke [about] This, there is a lot of written information, he talked about it with many of his friends. There was no question, and anybody who’s speaking differently isn’t looking for Elvis, isn’t looking for Lisa, certainly isn’t looking for Riley.
After Vernon’s death in 1979, Priscilla was named as one of three trustees in Elvis’s will. Other trustees were the National Bank of Commerce in Memphis and Joseph Hanks, who had been Elvis’ accountant. After Minnie Mae’s death in 1980, Lisa Marie became the sole surviving beneficiary. Lisa Marie inherited Elvis’ entire estate on February 1, 1993, her 25th birthday.