Priscilla Presley Net Worth $50 Million

introduction

Priscilla Presley is a famous American actress and businesswoman. She was born in New York City in 1945, but she moved to different places with her family because of her stepfather’s job in the Air Force. She married Elvis Presley, a famous singer, when she was 21 years old. They had a daughter named Lisa Marie Presley. Priscilla and Elvis divorced in 1973, but they remained friends. Priscilla became an actress and starred in movies like The Naked Gun and TV shows like Dallas. She also helped to preserve Elvis’s home, Graceland, as a museum and tourist attraction.

Priscilla Presley Net Worth

Priscilla Presley Net Worth $50 Million

Priscilla Presley is a famous American actress, businesswoman, and former wife of Elvis Presley, the King of Rock and Roll. She has a net worth of about $50 million. How did she earn so much money? Let’s find out more about her fascinating life and career.

Priscilla Presley Early Life & Career

Priscilla Presley became born as Priscilla Ann Wagner on might also 24, 1945, in Brooklyn, ny. Her father became a US military pilot who died in a plane crash when she was handiest six months antique. Her mother remarried to a US Air pressure officer, and Priscilla grew up in distinctive places, consisting of Texas, Maine, and Germany.

whilst she became 14 years old, she met Elvis Presley at a celebration in Germany, wherein he was stationed as a soldier. They fell in love and started out a long-distance dating. Priscilla moved to Graceland, Elvis’s home in Memphis, Tennessee, while she turned into 17. She married Elvis on may 1, 1967, in Las Vegas. they’d a daughter, Lisa Marie Presley, on February 1, 1968.

Priscilla Presley also commenced her very own profession as an actress and a model. She starred in movies which include The naked Gun collection, in which she performed Jane Spencer, the love hobby of Leslie Nielsen. She also regarded in television suggests consisting of Dallas, wherein she performed Jenna Wade, a former female friend of Bobby Ewing. She additionally wrote a fine-promoting e book about her life with Elvis, known as Elvis and Me.

Priscilla Presley Elvis Presley Enterprises

Priscilla Presley Net Worth $50 Million

Elvis Presley Enterprises (EPE) is the company that manages the estate and business interests of Elvis Presley. Priscilla Presley became the chairwoman and president of EPE after Elvis’s death on August 16, 1977. She was only 32 years old at the time.

Role as Chairwoman

because the chairwoman of EPE, Priscilla Presley had lots of obligations and challenges. She needed to address the huge debts that Elvis left behind, in addition to the prison battles over his will and his highbrow belongings rights. She also had to shield and hold the legacy and photograph of Elvis, who became one of the most popular and influential musicians of all time.

Priscilla Presley hired a professional team of lawyers, accountants, and managers to help her run EPE. She also worked closely with Jack Soden, the CEO of EPE, who became her trusted partner and friend. Together, they made many smart and successful decisions that turned EPE into a profitable and powerful company.

Successful Ventures

One of the most successful ventures of EPE was to open Graceland to the public in 1982. Graceland is the mansion where Elvis lived and died. It is also where he is buried, along with his parents and his grandmother. Priscilla Presley decided to turn Graceland into a museum and a tourist attraction, where fans and visitors can see Elvis’s personal belongings, memorabilia, costumes, cars, and planes.

Graceland became a huge hit and a cultural phenomenon. It attracts millions of visitors every year from all over the world. It is also a National Historic Landmark and a UNESCO World Heritage Site. Graceland is one of the most popular tourist attractions in the US, and it generates millions of dollars in revenue for EPE.

Another successful venture of EPE was to license and market Elvis’s name, image, music, and merchandise. EPE owns the rights to Elvis’s recordings, films, photos, and trademarks. EPE also produces and distributes books, documentaries, TV shows, movies, and musicals about Elvis. EPE also partners with other companies and brands to create and sell products and services related to Elvis.

Some examples of EPE’s licensing and marketing deals are:

  • A partnership with CID Entertainment to offer VIP packages and travel experiences for Elvis fans.
  • A collaboration with Baz Luhrmann, the director of Moulin Rouge and The Great Gatsby, to make a biopic movie about Elvis’s life, starring Austin Butler as Elvis and Tom Hanks as his manager, Colonel Tom Parker.
  • A deal with Netflix to produce an animated series called Agent King, where Elvis is a secret agent who fights crime and saves the world.
  • A contract with Sony Music to release new albums and compilations of Elvis’s music, such as Elvis Presley: The Searcher, Elvis: Live 1969, and Elvis: That’s the Way It Is.

EPE’s licensing and marketing activities have made Elvis one of the most recognizable and profitable celebrities in the world. According to Forbes, Elvis earned $23 million in 2020, making him the fifth-highest-paid dead celebrity.

Priscilla Presley Lisa Marie’s Involvement

Priscilla Presley Net Worth $50 Million

Lisa Marie Presley is the only child and heir of Elvis and Priscilla Presley. She was born on February 1, 1968, in Memphis, Tennessee. She is also a singer and songwriter, who has released four albums and collaborated with artists such as Michael Jackson, Michael Lockwood, and Billy Corgan.

Lisa Marie Presley inherited Elvis’s entire estate when she turned 25 in 1993. She also became the sole owner of EPE and the trustee of the Elvis Presley Trust, which holds the assets and income of EPE. She appointed her mother, Priscilla Presley, as the co-executor and co-trustee of the trust.

Lisa Marie Presley has been involved in some of the major decisions and projects of EPE, such as:

  • Selling 85% of EPE to Robert F.X. Sillerman, the founder of SFX Entertainment, for $100 million in 2004. This deal gave Sillerman the rights to Elvis’s name and image, as well as the management of Graceland and other properties. Lisa Marie Presley retained 15% of EPE and the ownership of Graceland and Elvis’s personal effects.
  • Buying back 100% of EPE from Sillerman’s company, CKX, for $55 million in 2013. This deal gave Lisa Marie Presley full control of EPE and its assets, as well as the rights to Elvis’s name and image.
  • Opening the Elvis Presley’s Memphis complex in 2017. This is a 200,000 square foot entertainment and exhibition center that features museums, exhibits, shops, and restaurants dedicated to Elvis and his legacy. It is located across the street from Graceland and it cost $45 million to build.

Lisa Marie Presley has also faced some challenges and controversies regarding EPE and her finances, such as:

  • A lawsuit against Barry Siegel, her former business manager, for allegedly mismanaging her money and losing $100 million of her fortune. She accused Siegel of selling 85% of EPE without her consent, investing in a failing company, and charging her excessive fees. Siegel denied the allegations and countersued Lisa Marie Presley for unpaid fees and damages.
  • A trust fund dispute with her ex-husband, Michael Lockwood, over the custody and support of their twin daughters, Harper and Finley. She claimed that she was broke and in debt, and that she could not access her trust fund until she turned 40 in 2008. Lockwood disputed her claims and demanded more money and access to her trust fund.

Priscilla Presley Other Business Ventures & Investments

Besides EPE, Priscilla Presley has also been involved in other business ventures and investments, such as:

Cash Payment to Elvis’s Estate

Priscilla Presley negotiated a one-time payment of $5.4 million from RCA Records to Elvis’s estate in 1979. This was in exchange for the future royalties of Elvis’s music that RCA owned. This was a smart move by Priscilla Presley, as it gave her more cash to pay off the debts and taxes that Elvis left behind. It also gave her more freedom and flexibility to manage and invest Elvis’s money.

Priscilla Presley Naked Gun Series Executive Producer

Priscilla Presley turned into now not best an actress within the naked Gun series, however also an government producer. She helped to increase and bring the 3 comedy movies, which starred Leslie Nielsen, O.J. Simpson, and George Kennedy. The naked Gun collection was a large success, grossing over $216 million worldwide. It additionally obtained wonderful reviews from critics and audiences, and it is considered one of the quality American comedy movies of all time.

Popular Tourist Attractions in Memphis,

Priscilla Presley is a famous actress and businesswoman who was married to Elvis Presley, the King of Rock ‘n’ Roll. She is also the co-founder and former chairperson of Elvis Presley Enterprises, the company that manages Graceland, Elvis’s former home and one of the most popular tourist attractions in Memphis, Tennessee. If you are a fan of Elvis and Priscilla, you might want to visit some of these places in Memphis:

  • Graceland: This is where Elvis and Priscilla lived from 1957 to 1973. You can tour the mansion and see Elvis’s personal belongings, memorabilia, cars, and planes. You can also visit his tomb in the Meditation Garden, where Priscilla and other family members are buried.
  • Sun Studio: This is where Elvis recorded his first song, “That’s All Right”, in 1954. It is also where other legends like Johnny Cash, Jerry Lee Lewis, and Roy Orbison recorded their hits. You can see the original equipment, instruments, and photos of the artists who made history here.

Priscilla Presley Quotes

Inner beauty should be the most important part of improving one’s self.

Priscilla Presley

It’s not that, you know, when a relationship doesn’t work and there are issues, you have to somehow work it out if there are children involved.

Priscilla Presley

As a person, he was wonderful. He really was a great person. He was full of life. He had a great sense of humor. Very talented, of course, but very caring to his parents. There was a very endearing quality about Elvis.

Priscilla Presley

He would use amphetamines to stay awake because he would have late night maneuvers that would go way into the early morning hours and he was given pills to stay up for the long hours.

Priscilla Presley

There were the phone calls and Elvis had asked me to visit him in Los Angeles. This was in 1962.

Priscilla Presley

Priscilla Presley Conclusion

Priscilla Presley is a great female who has done many things in her existence. She isn’t always best the ex-wife of Elvis Presley, however also a successful actress and businesswoman. She has shown her love and admire for Elvis by means of retaining his legacy alive via Graceland and other initiatives. She has also supported many charities and reasons, inclusive of animal rights and children’s health. Priscilla Presley is an notion to many folks that respect her splendor, talent, and courage.

Faqs

What is Priscilla Presley’s net worth?

Priscilla Presley’s net worth is estimated to be around $50 million, encompassing her earnings from acting, business ventures, and her association with Elvis Presley.

How did Priscilla Presley accumulate her net worth?

Priscilla Presley amassed her net worth through her acting career, real estate investments, and her role as the former wife of Elvis Presley, inheriting a portion of his estate.

Is Priscilla Presley still active in the entertainment industry?

While not as active in recent years, Priscilla Presley has made occasional appearances in film and television, contributing to her overall net worth.

Does Priscilla Presley have any notable business ventures?

Yes, Priscilla Presley has been involved in business ventures, including managing Elvis Presley’s Graceland estate, which has added to her financial portfolio.

Has Priscilla Presley’s net worth changed significantly in recent times?

While specific figures may vary, Priscilla Presley’s net worth has generally maintained its value, reflecting her diverse sources of income and ongoing involvement in various ventures.

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