Graceland Mansion is owned by Elvis Presley Enterprises, a subsidiary of Authentic Brands Group. The mansion was built in 1939 and purchased by Elvis for $102,500 in 1957 as his home. After the death of Elvis and his wife Priscilla, the estate passed to their daughter Lisa Marie who continued to use it as her home until she sold it in 2005 to CKX Inc., now known as Authentic Brands Group.
All tours and operations related to Graceland are currently managed by this company which also owns the rights to all images and trademarks associated with Elvis Presley’s name or likeness.
Graceland Mansion, the 13.8-acre estate of legendary rock and roll singer Elvis Presley, is now owned by his daughter Lisa Marie Presley and her trust. The mansion was originally purchased in 1957 for $102,500 by Elvis himself at just 23 years old. After his death in 1977, it remained a popular tourist attraction and eventually passed down to Lisa Marie who inherited Graceland as part of her father’s estate in 1993.
Graceland Mansion future uncertain after Lisa Marie Presley’s death
How Much is Graceland Worth
Graceland is estimated to be worth approximately $150 million. It was purchased by Elvis Presley in 1957 for only $102,500 and has since become a major tourist attraction with nearly 600,000 visitors annually. The iconic estate consists of 13.8 acres and includes the main house as well as several other buildings such as an auto museum, a chapel, an amusement park, and even an aviation hangar.
With its rich history and cultural significance Graceland continues to attract fans from around the world who are eager to pay homage to the King of Rock ‘n’ Roll.
Who Lives in Graceland Mansion Now?
Graceland mansion is one of the most iconic homes in the world. Located in Memphis, Tennessee, Graceland was once home to legendary singer and songwriter Elvis Presley from 1957 until his death in 1977. After Elvis’ passing, his daughter Lisa Marie took ownership of Graceland and has since been running it as a museum dedicated to her father’s legacy.
Today, Graceland remains open for tourists who want to learn more about Elvis’ life and career by visiting the many exhibits located around the property. However, despite its popularity among visitors from all over the world, no one currently resides at Graceland full time – instead it is maintained by an on-site staff that takes care of both its daily operations as well as its upkeep and preservation.
Is Graceland Still Owned by Lisa Marie?
Yes, Graceland is still owned by Lisa Marie. Since the death of her father Elvis in 1977, the property has been in the possession of his daughter and she continues to own it today. She visits Graceland several times a year and is actively involved in its preservation, overseeing all renovations as well as maintaining an active presence on-site during special events for fans who visit from around the world.
Aside from being a testament to Elvis’ legacy, Graceland also serves as a venue for music festivals, wedding receptions and other special events throughout the year. Many people consider Lisa Marie’s ownership of Graceland to be “a labor of love” that ensures that her father’s memory continues to live on through this iconic landmark which many regard with reverence and respect.
How Much is Graceland Worth Today?
Graceland, the former home of Elvis Presley located in Memphis, Tennessee is one of America’s most famous and revered landmarks. The property which has been owned by Elvis Presley Enterprises since 1982 is estimated to be worth around $100 million dollars today. This impressive figure may seem staggering but when you consider that Graceland was purchased for a mere $102,500 back in 1957 it’s clear just how much the value has appreciated over the years.
Not only does Graceland draw thousands of tourists each year who come to visit its renowned grounds and exhibits, but it also houses an array of unique artifacts from Elvis’ life including clothing items he wore on stage as well as his vintage cars and gold records. It is no wonder then that this iconic landmark continues to hold so much monetary value even 60 years after its initial purchase.
Who Gets Graceland After Lisa Marie Died?
After the death of Lisa Marie Presley, the fate of Graceland was uncertain. As her only child and heir to her estate, it seemed natural that Elvis’s daughter would inherit the iconic home. However, a complication arose with Lisa Marie’s marriage to Michael Lockwood in 2006; their divorce in 2016 made it unclear as to who would receive Graceland upon Lisa Marie’s passing.
On April 7th, 2021, it was officially announced that Priscilla Presley had been appointed as executor of Lisa Marie’s will and estate, thus giving Priscilla control over where Graceland ultimately ends up going after Lisa Marie passed away on February 1st at age 52. It is currently presumed that Priscilla will keep hold of this beloved property for herself and her family; however no official announcement regarding an ultimate destination has yet been made by either party involved in negotiations.
Conclusion
In conclusion, Graceland Mansion is undoubtedly one of the most iconic and recognizable homes in America. It has been home to Elvis Presley and his family for generations, and it continues to be an important part of their legacy. While the legal ownership of Graceland remains complicated due to various trusts, Lisa Marie Presley is the primary owner and caretaker of her father’s beloved estate.
As a result, Graceland will stay in the hands of the Presley family for many years to come.
