FOLLOWING the sudden passing of Elvis Presley’s daughter Lisa Marie, many have wondered what has happened to the iconic Memphis mansion.
The daughter of the music legend inherited Graceland and its priceless contents from her father, who died there in 1977.
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Who owns Graceland now?
After the death of Elvis Presley’s daughter Lisa Marie on January 12, 2023, it was reported that her three daughters, Riley, Harper and Finley will inherit the Tennesse estate.
The 54-year-old tragically suffered a cardiac arrest at her home in Calabasas, California.
Paramedics tried to revive the singer and she was rushed to the hospital before she sadly died.
Long before her death, Lisa Marie told USA Today: “Sometimes there are rumours about [Graceland] being sold. And that is NEVER going to happen. There’s always a rumour.
“It is NOT getting sold. Graceland was given to me and will always be mine. And then passed to my children.
“It will never be sold.”
Do family still stay at Graceland?
Archivist Angie Marchese has given details about what the family get up to when they are at the mansion.
The expert said: “The family…do not stay here at Graceland but they do come here and visit.
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“They don’t use Elvis and Priscilla’s china, we do have new china which we’ve purchased for Lisa to use when she’s here.”
Elvis lived at the property until his death on August 16, 1977, when he was found unconscious after suffering a heart attack.
He was only 42 years old.
How much is Graceland worth?
Most of the money comes in through Graceland, which earns around $10 million (£8.3 million) annually during a typical year.
It brings in more than 600,000 visitors each year and is the second most visited home in the US after the White House.
All in all, the property is worth anywhere between $400 to $500 million (£335 million to £418 million) as of 2020, according to a report by Rolling Stone.
Who was the last person to live at Graceland?
After his passing, Elvis’s daughter, Lisa Marie, was named the sole beneficiary of the estate.
As she was only nine years old at the time of his death in 1977, the executor of the estate became her grandfather Vernon Presley.
Vernon died in 1979, and her mother Priscilla Presley realised something had to be done otherwise they’d be forced to sell the mansion.
In 1982, the estate was opened up to the public for tours and the ownership of the property remained in a trust before it eventually dissolved on Lisa Marie’s 25th birthday.
She took full ownership of Graceland in 1993.
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