At the time of his death in 1977, the American singer, songwriter, and actor Elvis Presley was worth $20 million (or $5 million when adjusted for inflation). He has more records sold than any other solo musician. A cultural icon who heralded in a new age, this musical trailblazer is universally credited with the rise of Rock ‘n’ Roll. Such is his reputation that his last name is largely unneeded — the name “Elvis” or “The King” is typically adequate.
Elvis Presley was not just an accomplished musician, but also a frequent film and television guest star. His sexually suggestive image and fashion were particularly divisive at the time. The “King of Rock ‘n Roll” may appear mild by today’s standards, but he was a major factor in the early labeling of rock as “Devil’s Music.”
|Net Worth:||$20 Million|
|Date of Birth:||Jan 8, 1935 – Aug 16, 1977 (42 years old)|
|Height:||5 ft 11 in (1.82 m)|
|Profession:||Singer, Actor, Musician, Soldier|
|Nationality:||United States of America|
What Was Elvis Presley’s Net Worth at The Time of His Death?
Elvis Presley had amassed quite a fortune by the time of his death after over 30 years in the entertainment industry. When he passed away in August of 1977, the King of Rock and Roll was worth an estimated $5 million, according to Celebrity Net Worth. According to current valuations, Elvis Presley’s estate was worth roughly $20 million at the time of his death (after adjusting for inflation).
While $5 million is certainly not a little sum, it pales in comparison to the fortune he amassed in the 20 years before his passing. To say that Elvis Presley went through a lot of money is an understatement. His divorce from Priscilla Presley, his prescription drug habit, and his large, devoted family and friend group ate up a lot of his fortune.
For the most part, he has spent his money on the acquisition and upkeep of his Graceland estate in Memphis, which brings in millions of dollars yearly as a historic tourist site. It’s also worth mentioning that the Presley estate continues to make hundreds of millions of dollars thanks to license fees following the King’s death. Who, exactly, is receiving all of that cash? Keep on reading ahead for what we know.
Who Inherited Elvis Presley’s Money?
The “Jailhouse Rock” singer left his riches to his father, his grandmother, and his daughter Lisa Marie, whom he had with ex-wife Priscilla Presley in 1968, after his death in August 1977 at the age of 42. Elvis’ mother Gladys passed away in 1958, thus she was not included in his will.
Lisa Marie inherited her father’s fortune, which had reduced to roughly $1 million due to taxes on Graceland and other growing bills, after the deaths of her grandfather and great-grandmother in 1979 and 1980, respectively. Priscilla, Lisa Marie’s mother, became the primary executor of her ex-estate husband’s because Lisa Marie was still a minor at the time of her father’s death and the will.
Priscilla, after a bitter divorce from Elvis, established Elvis Presley Enterprises and turned Graceland into a museum to honor his legacy. Priscilla invested Lisa Marie’s money wisely, and by the time she was old enough to manage her father’s trust, Lisa Marie had inherited an estimated $100 million. E! News reports that Lisa Marie has been receiving a monthly payout of around $100,000 from her father’s inheritance since 2017.
What Is Elvis Worth Today?
Elvis Presley is one of the wealthiest deceased celebrities, according to Forbes. According to the article’s calculations, the Presley estate made over $23 million in 2020. Most of these funds come from Graceland’s annual revenue of about $10 million. According to a Presley estate executive quoted in a report, the total value of the Presley estate in the year 2020 is between $400 million and $500 million.
Elvis Presley was born to a loving, close-knit family in Mississippi in 1935. Since his parents were middle-class working stiffs, he grew up in a two-room house that his dad had built.
His parents, who did all they could to provide a good life for their children, were very involved in his life.
His mom, Gladys, was the glue that held the family together while his dad, Vernon, took odd jobs to make ends meet. Elvis’ father went to prison at a young age, when he was just three years old, for forging a cheque from his job.
Preteen Elvis was exposed to music in church and on the streets, where jazz was performed. Although he didn’t excel academically, Elvis’s singing skills made a positive impression on his professors.
Nevertheless, even after acquiring a guitar for his birthday and playing with it, young Elvis remained anxious about performing in front of an audience.
After moving to Tennessee in 1948, Presley, then 13 years old and have struggled in music classes, persisted with his musical education.
Elvis couldn’t read music, so he played completely by ear despite having lessons from a number of skilled guitarists, many of whom would go on to become Rockabilly’s earliest ancestors.
Elvis Presley began his working career in 1953 as a truck driver after applying for and being rejected from numerous other jobs. Presley created a double-sided album at Sun Records for his mom. It repeated itself the following year for him. Two of his songs were recorded in July of 1954 and immediately became hits. This resulted in his performing live at a variety of venues. His one-of-a-kind approach had everyone going wild.
“Rockabilly” was a term coined to describe the sound of several of his songs that were released by Sun Records in 1955. The Memphis Flash and the Hillbilly Cat were just two of the many nicknames that he picked up as a result of this. He began bringing his quartet on tours across the United States. Elvis Presley Music and Gladys Music were the first of the two firms he founded after signing with RCA Victor.
His debut album for the label was titled Heartbreak Hotel. The year 1956 saw its release into the public domain. In addition, he appeared on a stage production produced by CBS that was seen on television. Then, he teamed with RCA to record eight songs that climbed to the top of the Billboard charts and stayed there for weeks.
Elvis Presley appeared on April 3, 1956, episode of “The Milton Berle Show” on NBC. He sang on the deck of the aircraft carrier USS Hancock in San Diego. He also signed on with the film studio Paramount Pictures to play a role. Elvis Presley made multiple television appearances, including on the Ted Allen and Ed Sullivan shows. To follow up his debut album, Presley released Elvis. After its initial release in October 1956, it immediately climbed to the top spot. He set a number of new benchmarks for music industry sales.
On March 24, 1958, Elvis Presley was inducted into the United States Army. During this period, Presley lost his mother, to whom he was extremely close. Elvis was deployed to Friedberg, Germany after completing his training. Priscilla Beaulieu, the lady he would eventually marry, was a person he met there. Meanwhile, RCA maintained releasing his music and eventually scored eleven number ones with tracks featuring him.
When Elvis Presley was discharged from the Army on March 2, 1960, he returned home to Memphis, Tennessee. The subsequent albums he released also became instant hits. Presley was paid a whopping $125,000 for only eight minutes of singing on the TV show Welcome Home Elvis.
Besides music, Presley also appeared in a few films. Love Me Tender, his first, appeared in 1956. There were soundtrack albums for these movies. His first Grammy, for Best Sacred Performance, came in 1967, for one of his gospel albums. Between 1967 and 1968, just two of Elvis’s eight albums performed well. He hadn’t performed live since 1961 when he saw Elvis. In December of 1968, it made its television debut. The Grammys recognized his work by nominating him 14 times; he took home three awards.
Presley’s Personal Life
Elvis’ mother and father were devoted to him, and Elvis could always count on his father’s support. Elvis and Priscilla Beaulieu tied the knot on May 1, 1967, after seven and a half years of dating. A quick ceremony was held in their Las Vegas hotel room at the Aladdin. Lisa Marie was born on February 1, 1968, and she was their only child. Elvis never used drugs or alcohol.
Elvis and Priscilla Presley separated on February 23, 1972, and filed for divorce on August 18, citing infidelity on both sides. Elvis never really recovered from the blow. On October 9, 1973, the divorce was finalized.
His long-term abuse of prescription medications had a devastating effect on his health. The death of Elvis, a cultural icon, came in 1977 after a series of overdoses and near-misses. He was discovered dead on a toilet floor.
What Were Elvis Presley’s Last Words?
The famous person spent inordinate amounts of time in the restroom due to their frequent potty problems. According to Ginger, Elvis’s last words were “I won’t” before he passed out on the toilet.
Who Was Elvis With When He Died?
There was a tragic end to the King’s life on August 16, 1977. His girlfriend, Ginger Alden, discovered him comatose on the toilet floor of his Graceland home. They rushed him to the hospital, but at 3:30 p.m., after numerous futile attempts to revive him, he was officially pronounced dead. His new age was 42.
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