The Post has learned that three of Lisa Marie Presley’s daughters will inherit Graceland.
Following last week’s news of Presley’s death, many began to wonder what it meant for the future of Graceland – where his King of Rock father Elvis Presley lived with his parents.
A representative for Graceland told The Post, “The trust (which includes Graceland) will go to Lisa Marie’s daughters Riley, Finley and Harper.”
Elvis’ iconic Memphis, Tennessee, mansion was first passed down to his daughter after his death in 1977.
It was Presley’s childhood home – and in particular it was where he father died at the age of 42, Presley officially inherited the property on her 25th birthday – effectively becoming the sole owner of Graceland.
He also had $100 million left over, which he quickly blew through a series of disastrous business decisions.
Elvis bought Graceland in 1957 for $100,000. The estate has since opened its doors to paying visitors and even offers tours as well as overnight stays.
The lavish estate is now worth an estimated $500 million.
“The tour of the Graceland mansion includes the living room, her parents’ bedroom, the kitchen, the TV room, the pool room, the famous Jungle Room, her father’s office, the newly-enhanced Trophy Building, the Racquetball Building – the newly-renovated How It Was 1977 was seen in, and the Meditation Garden,” the website says,
The younger Presley, who died of cardiac arrest on January 12, is survived by twin daughters, Harper and Finlay Lockwood, 14, and daughter Riley Keough, 33. She was 54 years old.
While the fate of the property remained up in the air, Presley had previously indicated that the home would always remain in his family.
He told Entertainment Tonight in 2013, “It’s absolutely 100 percent mine, and it’s always been mine, Graceland.” “It always will be. And when it’s no longer mine, it will be my children’s. And that’s it.”
The Presley family announced that a public memorial would be held at the estate on January 22.
rep first told page six that Presley would be buried there with his father and late son Benjamin, who died by suicide In 2020 at the age of 27.