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Elvis's daughter, Lisa Marie Presley, inherited the estate in 1993 when she turned 25. [24] Presley's grave, along with those of his parents Gladys and Vernon Presley, his grandmother Minnie Mae Presley, Elvis's daughter, Lisa Marie Presley, and his grandson Benjamin Keough are located in the Meditation Garden next to the mansion.
Under the terms of Elvis Presley's will, Lisa Marie Presley inherited Graceland in 1993, when she turned 25, and was the sole owner until her death.
Her mother Priscilla Presley is also actively involved in the company. Lisa Marie's estate retains sole ownership of the mansion itself, as well as her father's personal effects. Her assets are to be inherited by her three daughters. The company endeavors to turn Elvis Presley's former estate into an international tourist destination.
Elvis Presley’s Memphis, Tennessee, estate, which was initially passed down to his only child, Lisa Marie, will remain in the family, a representative for Graceland confirmed to People in a ...
With Minnie Mae Presley's death in 1980, Lisa Marie became the only surviving beneficiary. [116] In 1993, Presley inherited her father's estate on her 25th birthday, which, thanks largely to the stewardship of her mother, had grown to an estimated $100 million. [117] Elvis named his private Convair 880 jetliner after his daughter.
The news comes as Yahoo Entertainment can confirm Elvis Presley's iconic estate in Tennessee will go to her three surviving daughters: Riley Keough, 33, and 14-year-old twins, Harper and Finley ...
Elvis Presley purchased the property for £102,500 in 1957 – the same year he released hits such as “All Shook Up” and “Blue Christmas” – and lived there until his death in 1977.
Lisa Marie Presley’s three surviving children will inherit Graceland, a spokesman for the Memphis, Tennessee, estate has confirmed to TODAY.