Graceland, the iconic sprawling estate that once belonged to Elvis Presley, will go to Lisa Marie Presley’s three daughters Riley, Harper, and Finley.
After the “Blue Suede Shoes” singer’s death in 1977, the estate was left to Lisa Marie. She received her inheritance in a trust on her 25th birthday, effectively becoming the sole owner of Graceland.
In addition to the property, Lisa Marie received $100 million. But due to mismanagement and unfortunate investments, the late singer said almost all of the money soon disappeared. Visitors queue to enter the Graceland mansion of Elvis Presley on August 12, 2017 in Memphis, Tennessee.Rock and roll singer Elvis Presley strolls the grounds of his Graceland estate in 1957.To ensure the same didn’t happen to Graceland, Lisa Marie formed a new trust, dubbed The Elvis Presley Trust, along with her 77-year-old mother, Priscilla. The trust was also formed with the help of the National Bank of Commerce.
In a bid to amp up revenue, Graceland, which was purchased for $100,000 in 1957 by Elvis, opened its doors to paying visitors and even offered tours as well as overnight stays.Lisa Marie received $100 million, but the late singer said almost all of the money soon disappeared.Speaking in 2013, Lisa Marie said she will see to it that the property “will never be sold.”at the time. And then passed to my children.” that Lisa Marie will be laid to rest there with her father and late son, Benjamin.
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