Priscilla Presley is one of the most famous women in the world, thanks to her marriage to the legendary Elvis Presley. The former actress and businesswoman was married to the King of Rock and Roll for six years, and they had a daughter, Lisa Marie Presley, who inherited his estate. But how much is Priscilla Presley worth today, and what did she do with her share of Elvis’ fortune? In this article, you will find out the details of Priscilla Presley’s net worth, her involvement in Elvis Presley Enterprises, and her recent legal battle with her granddaughter Riley Keough.
Priscilla Presley’s net worth is estimated at $10 million
According to Celebrity Net Worth, Priscilla Presley’s net worth is estimated at $10 million as of 2023. This is a modest sum compared to her ex-husband’s estate, which is worth over $300 million. However, Priscilla Presley did not inherit anything from Elvis Presley directly, as he left his entire estate to their daughter, Lisa Marie Presley, with Priscilla as trustee. Priscilla Presley earned her own money from her acting career, her book sales, and her investments.
Priscilla Presley was the trustee of Elvis Presley’s estate until Lisa Marie turned 25
When Elvis Presley died in 1977, he left his entire estate to his only child, Lisa Marie Presley, who was nine years old at the time. Priscilla Presley was appointed as the trustee of the estate, and she had the responsibility of managing and protecting it until Lisa Marie turned 25. However, this was not an easy task, as Elvis Presley’s estate was in a dire financial situation, with debts, taxes, and lawsuits. Priscilla Presley had to make some tough decisions, such as selling Elvis Presley’s publishing rights, opening Graceland to the public, and licensing his name and image. Thanks to her efforts, Priscilla Presley turned the estate around and increased its value from $1 million to $100 million by the time Lisa Marie inherited it in 1993.
Priscilla Presley founded Elvis Presley Enterprises and ran it until 1988
One of the most important decisions that Priscilla Presley made as the trustee of Elvis Presley’s estate was to create Elvis Presley Enterprises (EPE) in 1981. EPE is the company that owns and manages Graceland, Elvis Presley’s home and museum, and oversees the licensing and merchandising of Elvis Presley’s name, image, and music. EPE also produces and distributes Elvis Presley-related media, such as films, documentaries, books, and music. Priscilla Presley was the chairwoman and president of EPE until 1988, when she resigned and sold 85% of her shares to the Sillerman family for $100 million. She remained a consultant and a board member of EPE until 2005, when Lisa Marie sold the majority stake of EPE to CKX Inc. for another $100 million. Priscilla Presley still owns 15% of EPE and is involved in its activities.
Priscilla Presley settled a $35 million trust fund dispute with her granddaughter Riley Keough in 2023
In January 2023, Lisa Marie Presley died unexpectedly at the age of 54. She left behind four children: Riley Keough, Benjamin Keough, and twins Harper and Finley Lockwood. According to her will, Lisa Marie Presley cut out her mother Priscilla Presley and named her two eldest children, Riley and Benjamin, as the sole trustees of her estate. However, Benjamin Keough died by suicide in 2020, leaving Riley Keough as the only trustee. Riley Keough also inherited 15% of Elvis Presley’s estate and became the trust controller of Graceland. This reportedly angered Priscilla Presley, who filed a lawsuit against Riley Keough in 2023, claiming that Lisa Marie Presley’s will was fraudulent and that she was entitled to a share of the trust fund. Priscilla Presley alleged that the will was forged, that Lisa Marie Presley’s signature was inconsistent, and that the document was never delivered to her. She asked the court to declare the will invalid and to restore her as a trustee. However, in May 2023, Priscilla Presley and Riley Keough reached a settlement out of court, ending the family feud. The details of the settlement were not disclosed, but it was reported that it was worth several million dollars. Priscilla Presley’s lawyer, Ronson J. Shamoun, told Entertainment Tonight that “all parties have reached a settlement and the families are happy. They are very excited for the future.”
