As the ex-wife of the King of Rock and Roll, Priscilla Presley is often the subject of curiosity from Elvis fans about her current net worth. After a period of courtship that lasted several years, Elvis and Priscilla were married on May 1, 1967 and from their union a daughter, Lisa Marie, was born the following year. Despite their divorce in 1972, caused by a series of infidelities on both sides, Priscilla took care of the management of Elvis’s estate through their daughter, until she was old enough.
In any case, the information regarding Priscilla’s current net worth, being of a private nature, is not available to the public
In January 2023, it was reported by the source TMZ that Priscilla filed legal documents to reject an amendment to Lisa Marie’s trust, two weeks after her death. Priscilla and Elvis’ manager, Barry Siegel, have been named trustees of Lisa Marie’s trust. However, an amendment replaced Priscilla and Siegel as trustees and instead named Lisa Marie’s oldest children, Riley and Benjamin. Priscilla recently stated that the legal documents in question could be fraudulent because they were never delivered to her, and cited the date as suspicious and Lisa Marie’s signature as abnormal compared to her usual signature. Therefore, it requested that the amendment be declared void
On May 16, 2023, an agreement was reached between Priscilla Presley and Lisa Marie’s estate after a long and complex legal battle. According to TMZ, the value of the plea deal is around several million-dollar figures. Priscilla’s lawyer, Ronson J. Shamoun, told Entertainment Tonight that “all parties are happy with the agreement reached and happy with its conclusion. We are very excited about the future.” Riley’s lawyer, Justin Gold, also expressed the same sentiment and stated that “Riley is extremely happy. She is an extraordinary woman and her future is even brighter.” To learn about Priscilla Presley’s net worth, continue reading this statement.
Priscilla Presley Net Worth 2023
Priscilla Presley has a net worth of about 50 million dollars, as reported by Celebrity Net Worth. At the time of his divorce from Elvis, he obtained a cash payment of 725,000 dollars, child support and his person, 50% of the proceeds from the sale of their Beverly Hills residence and 5% of the royalties from Elvis’s publishing houses. Additionally, it has successfully launched the Bis & Beau boutique, frequented by well-known personalities such as Diana Ross, Barbra Streisand
After the death of Elvis Presley, his trustee beneficiaries were Vernon, Lisa Marie and grandmother Minnie Mae Presley. As Lisa Marie was still a 9-year-old girl at the time of her father’s death, her legacy was preserved until her 25th birthday. Vernon acted as executor of Elvis’s will, while Lisa Marie benefited from a trust for her father’s inheritance. Elvis’s famous Graceland mansion is part of the trust, but the maintenance costs have put a strain on Lisa Marie’s estate. However, thanks to the transformation of the residence into a famous international tourist attraction, Priscilla Presley has become president and president of Elvis Presley Enterprises. According to reliable sources, the assets generate an annual income of 10 million dollars.
After the death of Lisa Marie in 2023, Graceland, together with her property, was inherited by her daughters Riley Keough, Harper and Finley Lockwood, as confirmed by a Graceland representative to People magazine. Lisa Marie had Riley with her ex-husband Danny Keough, from whom she separated in 1994. While Harper and Finley were born from her marriage to Michael Lockwood from whom she separated in 2016 and whom she divorced in 2021. Lisa Marie’s son, Benjamin Keough, shared with Danny, sadly decided to end his life by suicide in 2020, at just 27 years old
As reported by Entertainment Tonight on February 16, 2023, the issue within the family has intensified. A source described the past few weeks as tense and heartbreaking for both Riley, grieving the loss of her mother, and for Priscilla, engaged in a trust dispute with a family member. Priscilla is determined to uphold the validity of her case and to succeed in prevailing in court. At the moment, there is no direct communication between the parties in question, but only through lawyers. The source revealed that both parties are preparing for the trial, but Riley would prefer a private resolution
of the dispute.
According to the source, Lisa Marie’s daughter, Laley, is deeply saddened that the issue has become public knowledge and knows that her mother would never have wanted all this. Laley is currently under a lot of stress, but she’s trying to maintain a positive outlook ahead of her new series, Daisy Jones & The Six. The support of his family has been critical during this difficult time. However, Priscilla, Lisa Marie’s mother, has no doubt about the veracity of the published documents and believes that they have been falsified. This situation has placed a serious violation of her beloved daughter’s trust in Priscilla’s heart
Priscilla recently made a statement on the situation to Entertainment Tonight in January 2023. “I loved Elvis dearly, as he loved me,” Priscilla shared. “Lisa is the result of our love. Anyone suggesting otherwise would be mocking the family legacy and disrespecting what Elvis left behind in his life. There is an individual who has surfaced in the family business who is trying to speak on behalf of our family. This person is not a representative of Elvis or our family,” she added, without disclosing who specifically she was referring to. “Please give us the time we need to work together and resolve the issue. Please ignore the noise. As someone who has always been there for Elvis’s legacy, our family, and the fans, I will continue to forge ahead with respect, honesty, dignity, integrity, and love
Joel Weinshanker, Managing Partner of Elvis Presley Enterprises, revealed his support for Riley maintaining her role as a trustee following the passing of her mother. “When Elvis passed away, he left everything to his daughter. I did this knowing she would uphold his legacy,” he shared on SiriusXM’s Elvis Radio. “I can tell you [Lisa Marie] has never wavered, no matter what else was going on in her life or career. She’s always been the one looking at what’s best for Elvis… regardless of what anyone else was trying to do, regardless of what another family member [was trying to do].” “We just want to think about what Lisa would want, and what’s best for Elvis. She never had a doubt in her mind that it was Riley,” Joel continued. “There’s no doubt in anyone’s mind [because] Lisa talked about it, there’s numerous amounts of written information, she had talked about it with so many of her friends. There was never a question, and anyone speaking differently isn’t trying to help Elvis, isn’t looking at Lisa, certainly isn’t looking at Riley.”
The overall tone of the content should be professional.
After Vernon died in 1979, Priscilla Presley was designated as one of the three trustees of Elvis’s heir. The other two trustees were the National Bank of Commerce in Memphis and Joseph Hanks, Elvis’ former accountant. Following the death of Minnie Mae in 1980, Lisa Marie became the only surviving heir, and upon reaching her 25th birthday, which occurred exactly on February 1, 1993, she inherited the entire Elvis Presley estate