Priscilla Presley’s Shocking $10 Million Net Worth: The Untold Story

Priscilla Presley’s Shocking $10 Million Net Worth: The Untold Story.

What Is Priscilla Presley’s Net Worth?

Priscilla Presley is an American actress and entrepreneur with a net worth estimated at $10 million. She is primarily recognized for her marriage to the legendary Elvis Presley. In her acting career, she gained fame through her roles in "The Naked Gun" film series and the television show "Dallas." In 1981, Priscilla established Elvis Presley Enterprises and managed the organization until the late 1980s.

Additionally, she is an accomplished author, with her 1985 memoir, "Elvis and Me: The True Story of the Love Between Priscilla Presley and the King of Rock N' Roll," achieving New York Times bestseller status.

As elaborated in the following section, Priscilla served as the trustee of Elvis' estate from his passing in 1977 until Lisa Marie's 25th birthday in 1990. During the years immediately following Elvis' death, the estate faced significant financial challenges. However, it eventually regained stability through various licensing agreements and asset sales, although Priscilla did not receive substantial financial benefits from these developments.

After the passing of Lisa Marie Presley in January 2023, Priscilla's granddaughter, Riley Keough, was appointed as the trust controller of Elvis' Graceland estate and granted 15% ownership of the late artist's estate. This decision reportedly caused considerable distress for Priscilla, leading to a dispute over a $35 million trust fund. Nevertheless, Priscilla recently referred to the ongoing legal conflict as "a bunch of BS," and the matter was ultimately resolved outside of court.

Elvis & Lisa Marie's Estates

Upon the passing of Elvis in 1977 at the age of 42, he bequeathed his entire estate to his daughter, Lisa Marie Presley, with Priscilla serving as the trustee. At the time of his death, however, Elvis' estate was facing significant financial challenges, valued at merely $1 million. Lisa gained full ownership of the estate when she turned 25, at which point its value had escalated to $100 million.

In 2005, Lisa opted to sell an 85% interest in Elvis Presley Enterprises for a one-time payment of $100 million, while retaining complete ownership of Graceland.

Tragically, Lisa Marie passed away unexpectedly in January 2023 at the age of 54. In 2016, she revised her will to exclude her mother and designate her two eldest children, Benjamin and Riley Keough, as her sole trustees.

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Following Benjamin's unfortunate suicide in 2020, Riley became the sole trustee upon Lisa Marie's death. Additionally, Riley has twin half-siblings from Lisa Marie's relationship with Michael Lockwood. These twins, who were minors at the time of Lisa Marie's passing, will eventually inherit a portion of the Elvis estate.

Priscilla made a brief attempt to contest Riley's position as the sole heir of Lisa Marie's estate. In her petition, she noted that her name was misspelled at least once in the revised 2016 will and that Lisa Marie's signature appeared markedly different from her previous ones. Ultimately, Riley and Priscilla reached an out-of-court settlement, with reports indicating that Priscilla received a share of Lisa Marie's $35 million life insurance payout.

Alleged Financial Problems

In a lawsuit filed in February 2024, a former business associate alleged that she joined Priscilla's team in 2022 to assist her during a period of significant financial distress, characterized by $700,000 in unpaid tax liabilities and a lack of stable income prospects. The associate asserted that her role was to "avert Priscilla's financial disaster and public humiliation." In defense, Priscilla's legal representatives contended that during their collaboration, the former associate and another individual were "attempting to misappropriate Ms. Presley's assets and were involved in other illicit activities."

For additional context, in late 2020, Priscilla sold a property in Beverly Hills, which she had owned since 1977, for $13 million. Shortly thereafter, she acquired a penthouse apartment in Los Angeles for $5 million.

Early Life

Priscilla Presley, originally named Priscilla Ann Wagner, was born on May 24, 1945, in Brooklyn, New York. Her mother, Ann, gave birth to her at the age of 19, while her father, James, a Navy pilot, tragically passed away in a plane crash when Priscilla was merely six months old. In 1948, Ann married Paul Beaulieu, an officer in the Air Force, and Priscilla subsequently adopted his surname.

Due to Beaulieu's military assignments, the family relocated frequently, leading Priscilla to spend her childhood in various states, including Connecticut, New Mexico, Maine, and Texas. In 1956, Paul was stationed in Germany, where Priscilla encountered Elvis Presley, who was then serving in the Army.

Relationship with Elvis Presley

In September 1959, Priscilla first encountered Elvis at a gathering held at his residence in Bad Nauheim. Her parents were not particularly supportive of the relationship between the 24-year-old Elvis and their 14-year-old daughter. However, Presley managed to win their approval by visiting their home dressed in his military uniform. After leaving West Germany in March 1960, Elvis maintained communication with Priscilla via telephone until she was able to travel to Los Angeles to see him in 1962.

In March 1963, Priscilla relocated to Memphis, Tennessee, where she agreed to complete her education at Immaculate Conception High School while residing with Elvis' father and stepmother, who lived a short distance from Graceland. Although Priscilla wished to visit Elvis during his work in Hollywood, he advised her to remain in Memphis. During this time, the media reported on his alleged affair with Ann-Margaret, his co-star in "Viva Las Vegas." When Priscilla confronted him about the rumors, he dismissed them as mere speculation intended to promote the film. Throughout their relationship, Elvis would engage in affairs with several of his co-stars.

Priscilla and Elvis were wed in a brief ceremony lasting eight minutes on May 1, 1967, in Las Vegas, and their daughter, Lisa Marie, was born on February 1, 1968. In 1968, Priscilla took private dance lessons and became involved in an affair with her instructor, which led her to realize that her marriage was lacking in fulfillment. Following Elvis' suggestion, she began studying karate and subsequently started an affair with her instructor, Mike Stone.

Priscilla later expressed that her marriage left her feeling both physically and emotionally unsatisfied. The couple separated in February 1972, and although Elvis once expressed a desire for Stone to be harmed, he refrained from pursuing any violent actions when his bodyguard suggested a contract killing. The divorce was finalized on October 9, 1973, with the couple agreeing to share custody of Lisa Marie. Priscilla received a cash settlement of $725,000, along with child support, spousal support, half of the proceeds from the sale of their Beverly Hills home, and 5% of the royalties from Elvis' publishing ventures.

Career

In 1973, Priscilla Presley, alongside her friend and stylist Olivia Bis, established the Bis & Beau clothing boutique in Los Angeles. The boutique quickly gained popularity among celebrities such as Cher, Barbra Streisand, and Natalie Wood, but it ultimately closed its doors in 1976. Following Elvis Presley's death in 1977, Priscilla took on the role of executor for their daughter, Lisa Marie.

Upon discovering the significant portion of Lisa Marie's inheritance that would be allocated to Graceland for maintenance, taxes, and other expenses, she transformed Graceland into a thriving tourist destination with the assistance of CEO Jack Soden. The estate officially opened to the public on June 7, 1982, and quickly became a favorite among Elvis enthusiasts. Graceland was designated a National Historic Landmark in 2006 and now welcomes over 650,000 visitors annually. Priscilla held the positions of president and chairwoman of Elvis Presley Enterprises, and by the time Lisa Marie was legally able to inherit the estate in 1993, its value had exceeded $100 million.

In addition to her work with Graceland, Priscilla has ventured into various business endeavors, including a line of fragrances and linens. She has also produced multiple film and television projects, such as "Elvis and Me" (1988), "Breakfast with Einstein" (1998), "Finding Graceland" (1998), and the forthcoming Netflix animated series "Agent King."

In 2000, she joined the board of directors at Metro-Goldwyn-Mayer and was a regular cast member on the television series "Dallas" from 1983 to 1988. Furthermore, she appeared in all three films of "The Naked Gun" series, portraying Jane Spencer, the romantic interest of Lt. Frank Drebin, played by Leslie Nielsen. Although she was offered a leading role in "Charlie's Angels," Priscilla chose to decline the opportunity.

Personal Life

Priscilla Presley resided with Mike Stone immediately following her divorce, and their relationship continued until 1975. From 1978 to 1985, she was involved with male model Michael Edwards, but she chose to end the relationship when Edwards exhibited inappropriate behavior towards her teenage daughter, Lisa Marie.

Subsequently, Priscilla entered into a 22-year partnership with screenwriter and computer programmer Marco Garibaldi, during which they welcomed their son, Navarone, on March 1, 1987. The couple parted ways in 2006, after which she dated television executive Nigel Lythgoe from 2006 to 2009. Additionally, Priscilla has been associated with lawyer Robert Kardashian and photographer Terry O'Neill.

Through her daughter Lisa Marie, Priscilla is the grandmother of four, including actress Riley Keough. Tragically, her grandson, Benjamin Keough, passed away by suicide in July 2020. In 2022, Priscilla became a great-grandmother through Riley.

Lisa Marie Presley, Priscilla's daughter, sadly passed away from a heart attack on January 12, 2023, at the age of 54.

Since 2003, Priscilla has held the position of Ambassador for the Dream Foundation, an organization dedicated to fulfilling wishes for terminally ill adults.

Real Estate

In 1976, Presley acquired a residence for her parents in Los Angeles for the sum of $170,000. This property was sold in 2019 for $3.9 million.

For many years, she possessed a 7,000-square-foot residence in Beverly Hills, which she moved into immediately following her divorce from Elvis. The Italian-style villa, originally constructed in 1951, has undergone significant renovations at least once since its inception. It features seven bedrooms and eight and a half bathrooms, situated on a one-acre lot secured by a large gate to ensure privacy and safety. In August 2020, Priscilla placed this Beverly Hills property on the market for an impressive $16 million, ultimately selling it in December 2020 for $13 million.

In January 2021, she purchased a penthouse in Century City, California, for just under $5 million.

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Priscilla Presley has built a remarkable legacy beyond her marriage to Elvis Presley. From transforming Graceland into a thriving tourist destination to her ventures in acting, entrepreneurship, and producing, Priscilla has proven her resilience and business acumen. Her efforts in preserving Elvis' legacy while expanding her own career have solidified her place as a prominent figure in entertainment and culture.

Despite personal challenges and controversies, Priscilla’s ability to navigate complex situations and adapt to new opportunities showcases her enduring strength and entrepreneurial spirit. Her multifaceted career continues to inspire and contribute to her impressive net worth.