Many noteworthy things happened in the 1950s; the first colour television program aired successfully, Walt Disney resealed the movie Cinderella which became one of the highest-grossing films of that year and a truck driver named Elvis Presley became a famous musician. Elvis’ deep smooth voice captivated fans so much that it was believed that he sold over 1 billion records worldwide. Although his talent in the music industry was unmatched such that he was known as the King of Rock and Roll, Elvis Presley net worth at the time of death will surprise you.
For fans of rock music, the name Elvis Presley is not new. Others not familiar with rock music will be asking, who is Elvis Presley? Born on January 8, 1935, in Mississippi, Elvis Aaron Presley was a prominent actor, composer, and singer. He was known by his stage name, Elvis, and was given the title King of Rock and Roll due to his success and dominance in the rock music industry.
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He ventured into music in 1953 while in his late teenage years, and managed to attain fortune and fame. However, he was only active in this industry until 1977, when he died of a cardiac arrest at 42 years. Following a successful career not only in music but also in the film industry, what do you think is Elvis Presley net worth at the time of death?
How much money did Elvis Presley have?
During his active years, Elvis generated his wealth from several sources such as:
Guinness World Records ranked Elvis Presley as the best selling solo artist with 1 billion record sales worldwide. His albums have been sold in different forms such as cassette, digital, CD, and vinyl.
Elvis starred in more than thirty films and some of the high ranked movies are King Creole and Jailhouse Rock. The total box office for movies where he was a lead role equate to over US$2.2 billion in the US alone.
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Elvis had several live music performances to satisfy his vast fan base. His shows always had a large attendance and most were sold-out. In fact, between 1969-1977, he had about 1, 100 live concerts and earned quite a fortune from them.
Other money generating sources for Elvis were from guest television appearances and Vegas shows. So how much did this celebrity make in his entire life? It is estimated that his earnings during his lifetime range between $100 million and $1 billion.
Despite having amassed so much wealth from his successful career, Elvis Presley net worth at the time of death was approximately $5 million. This $5 million is undoubtedly very low compared to the millions of record sales he had and movie deals. The massive spending, as well as the divorce with his wife, cost him a fortune.
What would Elvis Presley be worth today?
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Given that Elvis left approximately $5 million after his death, his net worth today is likely to be a bit higher thanks to the success of Graceland which has become a popular tourist destination for celebrating the life and legacy of King of Rock ‘n’ Roll.
According to Go Banking Rates, Elvis Presley net worth 2019 is estimated at approximately over $300 million. This amount comes from the sale of his music as well as income from his Graceland estate. Does this probably mean that Elvis is worth more when dead than alive? Well, Elvis Presley net worth at time of death until now continues to increase thanks to fans who continue to support his legacy. More than 1 million Elvis albums are purchased every year.
In 2017, the rockstar earned $35 million pre-tax income making him fourth in the list of highest-paid dead celebrities. This money came from album sales, proceeds from tickets sale and income from Graceland estate.
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Elvis Presley estate
When he was alive, Elvis made a significant step of buying an estate called Graceland, which is a uniquely structured mansion resting on 5.6 hectares of land in Tennessee, United States. Late in 1991, it was added to the list of National Register of Historic Places. Having attracted many visitors over the years, Graceland was declared a National Historic Landmark in 2006. In fact, a big chunk of Elvis Presley net worth today comes from Graceland.
Currently, it is the second most visited site in the states after the White House, and more than half a million people visit the estate annually. Any visitor that wants to stay overnight at Graceland, which is a 450 room guest house will pay a rate of around $330 per night. Graceland also contains plenty of expensive collectables for sale such as Elvis Presley My Way gold record which has a price tag of $135. There are also other memorabilia which are priced at $1.35 million.
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Following a large number of visitors per year, the value of the estate continues to increase with each passing day. As a result, you may wonder how much is Graceland worth today? Its value is currently estimated at over $100 million.
Who inherited Elvis Presley fortune?
After his death, Elvis’ wealth was shared amongst his father Vernon, grandmother Minnie Mae and only daughter Lisa Presley who was only nine years old by then. Lisa’s inheritance was to be held until she attained the age of twenty-five and during that time, Priscilla Presley (Lisa’s mother) assumed management of the Elvis Presley Estate.
Later on, Vernon and Minnie Mae passed away, leaving Lisa as the sole heir of her father’s wealth. When Pricilla stepped in to manage Graceland until Lisa could be old enough to get her inheritance, the estate was in financial distraught. However, she formed Elvis Presley Enterprises which handles all the image rights for the King of Rock ‘n’ Roll including the estate. The current value of Elvis Presley Enterprises is around $400 million.
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Elvis Presley net worth at time of death was just $5 million. However, as fans have been supporting his legacy for many decades, his current earnings have skyrocketed to around $400 million. As Elvis merchandise and memorabilia continue to sell like hotcakes, the rockstar will undoubtedly be worth more dead than alive.
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