Who inherited Elvis fortune? This question has intrigued fans and critics alike since the King of Rock ‘n’ Roll passed away in 1977. The answer to this question reveals a complex web of legal battles, family disputes, and the enduring legacy of one of the most iconic figures in American music history.
The estate of Elvis Presley, valued at an estimated $100 million at the time of his death, was left to his father, Vernon Presley, and his ex-wife, Priscilla Beaulieu Presley. However, the division of this fortune was not as straightforward as one might expect. Vernon, who was known for his frugal lifestyle, was initially given the responsibility of managing Elvis’s estate. Priscilla, on the other hand, was left with custody of their daughter, Lisa Marie, and a portion of Elvis’s fortune.
Over the years, the management of Elvis’s estate has been a source of contention between Vernon and Priscilla. Vernon was accused of mismanaging the estate, and in 1983, Priscilla successfully sued him for control of Elvis’s business interests. This legal battle was one of the most high-profile estate disputes in history and highlighted the complexities of inheriting a fortune as vast as Elvis’s.
After Vernon’s death in 1979, Priscilla and Lisa Marie took over the management of the estate. Priscilla has been the primary figure in maintaining Elvis’s legacy, overseeing the licensing of his music, films, and merchandise. Meanwhile, Lisa Marie has been involved in various business ventures, including the production of a reality TV show, “The Lisa Marie Presley Show,” and the launch of her own fashion line.
In 2002, Lisa Marie married Michael Jackson, further adding to the public’s fascination with the Presley family and their fortune. However, their marriage ended in 2006, and Lisa Marie has since focused on her own career and her daughter, Riley Keough.
Today, the Elvis Presley estate is still a highly profitable business, generating millions of dollars each year through music sales, film rights, and merchandise. The estate is currently managed by a team of executives, including Lisa Marie’s son, Benjamin Keough, who is the executor of the estate.
In conclusion, the question of who inherited Elvis fortune has been a subject of much debate and intrigue. From Vernon and Priscilla’s initial dispute to the current management of the estate, the legacy of Elvis Presley continues to generate significant wealth and attention. While the fortune has been divided among various family members, the enduring impact of the King of Rock ‘n’ Roll remains a testament to his enduring popularity and influence.
