Elvis Presley’s Net Worth: Let’s Dig Into This Person’s Lavish Life!

elvis presley net worth

Elvis Aaron Presley was an American musician and actor who lived from January 8, 1935, to August 16, 1977. He is regarded as one of the most important cultural symbols of the 20th century and is known as the “King of Rock and Roll.”

During a time of profound change in racial relations, his sexually provocative performance style and energizing song interpretations, along with a particularly potent confluence of influences from all backgrounds, brought him both immense popularity and initial controversy.

When Presley was 13 years old, his family moved from Tupelo, Mississippi, to Memphis, Tennessee. Presley was born there. There, in 1954, he began his musical career by recording for Sun Records with the producer Sam Phillips, who aimed to popularise the sound of African-American music.

Rockabilly is an upbeat, backbeat-driven mix of country music and rhythm and blues that was invented by Presley, who played rhythm acoustic guitar and was joined by lead guitarist Scotty Moore and bassist Bill Black. Colonel Tom Parker, who would manage Presley for more than two decades, negotiated for RCA Victor to purchase his contract when drummer D. J. Fontana joined the classic Presley quartet in 1955. Parker would manage Presley for more than two decades.

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Early Years of Elvis Presley

elvis presley net worth

Elvis was born in Mississippi in 1935 to a very close-knit family. His initial residence was a two-room house that his father had constructed because his parents were not well off. He had a close relationship with both of his parents, who did their utmost to give their kids a happy life.

While his father, Vernon, worked odd jobs to make ends meet, Gladys, his mother, kept the family together. When Elvis was three years old, his father was sentenced to prison for forging a check from his employer.

The first places that a young Elvis heard music were churches and public places where jazz music was played. Elvis was merely an average student, but his musical talent caught the notice of his teachers. However, even after obtaining a guitar for his birthday and practicing with it, young Elvis still felt uncomfortable performing in front of an audience.

Despite failing music class in school, the 13-year-old Presley maintained his musical study after moving to Tennessee in 1948. Elvis could not read music and play solely by ear, despite training with several talented guitarists, many of whom would go on to become Rockabilly genre pioneers.

How Much Money Did Elvis Make?

When Elvis passed away in 1977, his Net Worth Was $20 Million (actually, it was $5 million because inflation had not yet been factored in). Elvis was an American singer, musician, and actor. The most successful solo artist in history is him.

This musical pioneer, who is credited with popularising Rock ‘n Roll, transcended genre barriers to become a cultural icon and usher in a new era. Due to his renown, people typically refer to him as “Elvis” or “The King” instead of his last name.

Elvis had a successful musical career in addition to appearing in many films and TV series. Because of its sexual overtones, his daring appearance and fashion were very divisive at the time. Although the “King of Rock ‘n Roll” may appear mild-mannered by today’s standards, he contributed to the early labeling of rock as “Devil’s Music.”

Who Received Elvis Presley’s Estate Following His Passing?

elvis presley net worth

Elvis Presley bequeathed his inheritance to his father, his grandmother, and Lisa Marie, the daughter he had with his first wife, Priscilla Presley, in 1968, after passing away in August 1977 at the age of 42. Gladys, Elvis’ mother, was not mentioned in his will because she passed away in 1958, many years prior.

After the passing of her great-grandmother and grandfather in 1979 and 1980, respectively, Lisa Marie was left as the sole heir to her father’s fortune, which by that point had been reduced to just $1 million due to Graceland taxes and other increasing expenses.

According to her previous father-in-will, the law Lisa Marie’s mother, Priscilla, was named as the primary executor of her ex-estate husband’s because she was still a minor.

Priscilla made it her goal to honor the King’s legacy by starting Elvis Presley Enterprises and turning Graceland into a museum despite their contentious divorce.

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Priscilla had increased her daughter’s inheritance to an estimated $100 million by the time Lisa Marie was old enough to take over her father’s trust. And as recently as 2017, according to E! News, Lisa Marie got an estimated $100,000 monthly payment from her father’s estate.

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I'm a researcher and behavioural therapist with a PhD in Social Media. I also love to travel and drink coffee. Follow my adventures around the world, or just know that I really need to be back at the library.