Elvis Presley Net Worth 2022
According To Uswhispers Elvis was only worth $5 million when he died, according to Celebrity Net Worth. In today's dollars, that would amount to about $21 million . $5 million and $21 million may not seem like much, but considering Elvis earned $1 million for each show, he should have been worth a lot more by the time he passed away than what was reported.
In 1977, Elvis had a net worth of just $5 million because of all of his spending. He led a lavish life, as is customary for the most famous musicians, and that lifestyle came at a high cost. Hotel rooms remodelled to look like Graceland's while on tour, he spent thousands updating Graceland's grounds, and he and his friends (the "Memphis Mafia") threw lavish parties at Graceland, where he and his friends were known as "the Memphis Mafia."
On top of that, his divorce from Priscilla Presley cost him $725,000, as well as child support, 5% of his publishing earnings, and half of the money they made from selling their Beverly Hills home. In addition to his excessive spending, Elvis suffered from a drug addiction that took its toll on his health and led to his untimely death.
When he died at the age of 50, he left most of his fortune to his family: his father, his mother, and his grandmother. After his father and grandmother passed away, the estate was left in the care of Lisa Marie, a young woman. Her mother, Priscilla, assumed control of the estate due to her advancing years. Being close friends even after their divorce, Elvis entrusted her with the care of his money,
which had dwindled to $1 million after taxes on Graceland and its upkeep. By creating Elvis Presley Enterprises, she was able to preserve Graceland for future generations to enjoy. Her actions gradually increased her ex-fortune husband's from $1 million to $100 million.
Still, the King of Rock n' Roll is reaping the financial benefits of his legendary status. Presley died in 1977, when he was 76 years old. Music sales and tourists at Graceland have continued to bring in money for the estate of Elvis Presley since his death.
Almost four decades after his death, Elvis is still the fifth highest-earning dead celebrity in 2020, according to Forbes. This year, his estate made more money than he did in 2013.