Introduction Graceland, the iconic mansion once owned by the legendary Elvis Presley, has been a symbol of rock music history for decades. In this article, we will explore the current ownership of Graceland and its historical significance. We’ll also delve into the life of Riley Keough, Elvis’s granddaughter, who is now the sole owner of this historic estate.
The Ownership of Graceland
As of the latest updates, Graceland is owned by Riley Keough, the granddaughter of Elvis Presley. This transition in ownership occurred following a legal battle over the estate of Riley’s late mother, Lisa Marie Presley. Elvis purchased Graceland back in 1957 for a modest $100,000. However, over the years, its value has skyrocketed and is now estimated to be worth over $500 million.
A Legacy of Revenue
Graceland’s financial success is no secret. Originally valued at $5 million at the time of Elvis’s passing in 1977, it now generates an annual revenue exceeding $10 million. This financial boon can be attributed to Priscilla Presley’s decision to open the estate to the public in 1982. Despite being a popular tourist destination, one part of Graceland remains off-limits to visitors – the second floor, where Elvis Presley passed away.
Where is Graceland Located?
Graceland is situated at 3764 Elvis Presley Boulevard in the Whitehaven neighborhood of Memphis, Tennessee, USA. The estate spans a vast 13.8 acres and holds a special place in the hearts of Elvis fans worldwide. It transformed into a house museum and opened its doors to the public on June 7, 1982.
A Historical Landmark
Graceland’s significance extends beyond its role as a tourist attraction. In 1991, it was the first site recognized for its connection to rock music in the National Register of Historic Places. Furthermore, in 2006, Graceland achieved the distinction of being declared a National Historic Landmark, a testament to its cultural importance.
Does Anyone Live in Graceland?
While Graceland was once the private residence of Elvis Presley, it is no longer inhabited by any members of the Presley family. After Elvis’s untimely death in 1977, Priscilla Presley made the decision to share the estate with the world by opening it to the public in 1982. Visitors are granted access to most parts of the mansion, with the exception of the second floor, where Elvis had his fatal heart attack.
Riley Keough, the current owner of Graceland, holds fond memories of staying in the estate in the past. However, it is essential to note that Graceland is not used as a residence anymore. Instead, it has become a cherished landmark that generates substantial annual revenue, largely due to Priscilla’s decision to share it with the world.
Who is Riley Keough?
Riley Keough, born on May 29, 1989, is an American actress who has made a name for herself in the film industry. She began her career with a supporting role in the musical biopic “The Runaways” (2010) and gained recognition for her role in the independent thriller “The Good Doctor” (2011). Riley’s journey continued with minor roles in films like “Magic Mike” (2012) and a breakthrough in “Mad Max: Fury Road” (2015).
In 2016, she received critical acclaim with a Golden Globe Award-nominated performance in the anthology series “The Girlfriend Experience.” Riley Keough is known for her roles in “American Honey” (2016), “It Comes at Night” (2017), “Logan Lucky” (2017), “The House That Jack Built” (2018), “The Lodge” (2019), and “Zola” (2020). Additionally, she is a co-founder of the production company Felix Culpa and co-directed “War Pony” (2022).
Notably, as the granddaughter of Elvis Presley, Riley Keough assumed ownership of Graceland following her mother Lisa Marie Presley’s passing in 2023.
Who Owns Graceland Now – FAQs
- Who owns Graceland now?
Riley Keough, the granddaughter of Elvis Presley, is the current owner of Graceland. She inherited it following her mother Lisa Marie Presley’s passing in 2023. - Where is Graceland located?
Graceland is situated at 3764 Elvis Presley Boulevard in the Whitehaven neighborhood of Memphis, about nine miles south of central Memphis and less than four miles north of the Mississippi border. - What is Graceland?
Graceland is a mansion on a 13.8-acre estate in Memphis, Tennessee, once owned by Elvis Presley. It is a historic site and house museum, open to the public since June 7, 1982. - What is the significance of Graceland?
Graceland is historically significant as the former residence of Elvis Presley and is recognized in the National Register of Historic Places and as a National Historic Landmark, particularly for its connection to rock music. - What is Riley Keough’s connection to Elvis Presley?
Riley Keough is the granddaughter of Elvis Presley, being the daughter of Lisa Marie Presley. She is an American actress and the sole owner of Graceland.
In conclusion, Graceland’s history is intertwined with the legacy of Elvis Presley, and it continues to be a place of immense cultural and historical significance. Riley Keough’s ownership ensures that this iconic landmark will be preserved for future generations to cherish.
