Did Elvis Presley Leave Lisa Marie Presley Anything In His Will?

Celebrity - News

By HAYLEY PEPPIN

The legendary Elvis Presley had some legendary generosity. In the mid-1970s, Presley made roughly $130,000 a night while on tour, while each new album would make him at least $250,000, and in addition to gifting strangers Cadillacs and other luxuries, Elvis unsurprisingly loved to spoil his daughter, Lisa Marie.

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Elvis gifted his daughter mink coats when she was just 5 years old, and even purchased a private jet in her honor. While the King may have erred on the side of frivolity, he did the right thing in leaving his wealth to his only child, though she was unable to use it at first due to her age — and her inheritance wasn't no-strings-attached.

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At the time of his death, Elvis was worth a mere $5 million ($19.6 million today), the majority of that being Graceland's worth. Priscilla Presley, Lisa Marie's mother, and Vernon Presley, Elvis's father, were unable to use Elvis' royalties because he signed them away for a lump sum during a poor business deal.

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"I worried about my daughter's future and about Graceland and the people who had worked for us for 20 years," Priscilla confessed in 1989, but she managed to turn Elvis' estate into a mega tourist attraction. By 1993, it was worth $100 million, and when Lisa Marie turned 25, she gained control of Elvis' assets.

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