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Elvis Presley - $20 Million Net Worth, The King Of Rock'n Roll

Elvis Presley net worth was $20 million (really $5 million since inflation was not yet taken into account) at the time of his death in 1977.

Elvis was an American singer, musician, and actor. The most successful solo artist in history is him.

This musical pioneer, who is credited with popularizing Rock 'n Roll, crossed genre barriers to become a cultural icon and usher in a new era.

Due of his renown, people typically refer to him as "Elvis" or "The King" instead of his last name.

Elvis had a successful musical career in addition to appearing in many films and TV series.

At the time, his flamboyant appearance and manner were quite divisive, particularly given their sexual overtones.

Although the "King of Rock 'n Roll" may appear mild-mannered by today's standards, he contributed to the early labeling of rock music as "Devil's Music."

Top 7 Quick Facts About Elvis Presley

NameElvis Presley
Date Of BirthJan 8, 1935 - Aug 16, 1977 (42 years old)
Height5 ft 11 in (1.82 m)
GenderMale
ProfessionSinger, Actor, Musician, Soldier
NationalityUnited States of America
Net Worth$20 Million

Elvis Presley Personal Life

Elvis Presley Wearing A Red Shirt
Elvis Presley Wearing A Red Shirt

Elvis Presley was born into poverty and rose through the ranks to become one of the most well-known figures in rock 'n' roll.

He began making appearances on radio, television, and the big screen by the middle of the 1950s.

He passed away from heart failure on August 16, 1977, at the age of 42, and his drug addiction was a contributing factor.

Presley has remained one of the most well-known musical icons in the world even since his passing.

Daughter, Divorce From Priscilla And Drug Addiction

Presley's personal life also seemed to be improving at this time. After being married in 1967, he and Priscilla had a daughter named Lisa Marie.

Sadly, this happy period would not endure. Early in the 1970s, Presley's marriage was disintegrating.

In 1973, the couple got a divorce, and Priscilla got custody of Lisa Marie. The once-svelte rock singer was dealing with a weight issue as well as other personal issues, including a burgeoning prescription drug addiction.

That autumn, Presley's destructive lifestyle caught up with him when he was hospitalized for drug-related health issues.

Presley continued to be a huge attraction in Las Vegas and on tour despite his personal struggles.

In Indianapolis, Indiana, in June 1977, he took the stage for his last performance. He went back to his Memphis house, Graceland, after the show to get ready for another tour.

Death

His dependence on pharmaceutical medicines caused major harm to his health after years of utilizing them.

Elvis Presley passed away in 1977 after being discovered unconscious on a lavatory floor after a series of overdoses and near misses.

Elvis Presley Career

Elvis Presley Singing wearing his iconic white costume
Elvis Presley Singing wearing his iconic white costume

Sun Records And Early Success

Elvis had decided to pursue a career in music after finishing high school. He recorded two singles at Sun Records while there, impressing Sam Phillips, the head of the company.

After working as a truck driver for a while, Phillips summoned Elvis back into the studio because he wanted to find a method to promote black music to white listeners. He saw a method to do it through Presley.

The recording of "That's All Right," which would turn out to be Presley's first great success, marked the conclusion of a protracted and difficult recording session.

Sam Phillips had discovered "the sound" he had been hunting for after much research.

Those same admirers were mesmerized by Elvis' stage presence when they first saw him play live.

Elvis' leg shaking, which was first brought on by stage nervousness, drove girls to scream and shriek.

After making many television appearances, Elvis started to establish the Rockabilly subgenre.

Ironically, Elvis found it challenging to appeal to a larger audience since radio DJs often weren't sure what to make of his completely new style.

Blues stations thought he sounded "like a hillbilly," but country stations avoided him because he sounded "too black."

Record Deal With RCA

For a sum of $40,000, Elvis agreed to a record contract with RCA in 1955. Elvis' first album, which included songs like "Blue Suede Shoes," was released in 1956.

Elvis had changed the Rockabilly single into something new, something more close to a genre that would eventually be known as Rock n' Roll, even though this smash was a version of a Carl Perkins song.

Elvis' stage antics at this period in his career attracted criticism, attention, and controversy.

The performer's provocative hip movements were seen by many as "a new low" for popular music, and powerful people in the media industry deemed him "unfit for family watching."

However, Elvis was the ultimate favorite of young people all throughout America, and his shows were so crazy that National Guard soldiers had to be there.

Presley made $22 million in apparel sales alone by the end of 1956. (not counting record sales).

In this year, he also made his cinematic debut. Elvis continued to put out a succession of singles in 1957, all of which peaked at number one in America.

Military Service

Elvis could have joined the Special Services after being recruited, but he opted to serve as a normal G.I. instead to support the common American.

He never attempted to obtain preferential treatment, and he strove to be a trustworthy, honest soldier, according to his fellow military members. His mother became sick while he was in the army.

He was given permission to see her on her deathbed, and he was very saddened when she passed away a few days later from heart failure.

Presley's management thoughtfully planned for the two-year absence, slowly releasing a stream of unreleased songs while the performer was enrolled, despite worries that his military service would derailed his career.

Hollywood And Decline

After his military duty was over, Elvis became deeply engaged in the film industry, a move that hurt his career.

Elvis, who starred in a number of formulaic comic musicals, instead of prioritizing his musical career, released mostly the soundtracks to these movies. Music enthusiasts began to lose interest in him gradually.

Presley's career returned in the late 1960s and early 1970s with a number of TV appearances and lucrative tours. The term "The King" was first used by journalists around this period to refer to Elvis.

Elvis Presley Top 15 Albums And Sales

Over 162,247,784 records by Elvis Presley were sold, including 139,450,001 in the US and 9,881,000 in the UK. Elvis' Christmas Album / It's Christmas Time, which sold over 17,220,000 copies, is Elvis Presley's best-selling album.

ELVIS` CHRISTMAS ALBUM / IT`S CHRISTMAS TIME (1957)17,220,000
ELV1S: 30 #1 HITS (2002)11,483,262
ELVIS` GOLDEN RECORDS, VOLUME 1 (1958)6,160,000
ALOHA FROM HAWAII (1973)5,366,370
ELVIS (1973) (1973)5,000,000
ELVIS IN CONCERT (1977)3,204,430
BLUE HAWAII (1961)3,065,800
ELVIS AS RECORDED AT MADISON SQUARE GARDEN (1972)3,065,420
THE NUMBER ONE HITS (1987)3,050,000
A LEGENDARY PERFORMER, VOLUME 1 (1974)3,002,400
HOW GREAT THOU ART (1967)3,001,070
THE WONDERFUL WORLD OF CHRISTMAS (1971)3,000,000
YOU`LL NEVER WALK ALONE (1971)3,000,000
MOODY BLUE (1977)2,314,490
PURE GOLD (1975)2,050,000

Elvis Presley Top 6 Songs

One of the most well-known figures in rock 'n' roll history is the musician and actor Elvis Presley, who first gained popularity in the middle of the 1950s on radio, television, and the big screen.

Suspicious Minds

If I Can Dream

In The Ghetto

Jailhouse Rock

Can't Help Falling In Love

Love Me Tender

Elvis Presley Net Worth

Worldwide record and single sales for Elvis totaled 600 million during the course of his career.

At his height, he could charge up to $1 million for a performance. Thirty-five of his songs and twenty one of his albums peaked at number one.

For over two decades, he was RCA's cash cow. Elvis Presley had a $5 million net worth at the time of his death.

Even while $5 million is by no means poor, it is a significant amount less than what he made over the preceding three decades.

What happened to all the money? Presley's case, it traveled to four different locations:

  • Real estate
  • Drugs
  • Divorce
  • Hangers-on

Elvis invested what would be many million dollars on purchasing and upkeep of Graceland.

He also spent millions on his crew and partying. Please read this article for an in-depth analysis of Elvis Presley's riches and fortune.

It should be emphasized that throughout the decades after Elvis' death, his estate would go on to generate hundreds of millions of dollars in licensing fees.

Elvis Presley Lifestyle

Elvis Presley Smiling
Elvis Presley Smiling

Real Estate

Although Graceland is where everyone knows he lives, the King of Rock 'n' Roll has had a number of other residences.

Many of the areas where Presley had resided have seen significant alteration over the years, either vanished altogether or have experienced exorbitant price increases due to the hot property market. He left behind an intriguing real estate legacy when he passed away in 1977.

Humble Homes In Memphis

Presley was born in Tupelo, Mississippi. A street bearing his name today marks the location of his birth.

In Tupelo, you can really pay $309,000 right now to purchase a 19-acre site on Elvis Presley Road.

He and his parents, Gladys and Vernon, relocated to Memphis when he was a youngster.

The Presleys relocated a couple times in the region between the late 1940s and the early 1950s, according to the Graceland website.

I'll start with 370 Washington. In 1948, the family allegedly paid a boarding home $11 per week in rent. Sadly, the structure is no longer standing.

Before relocating to 572 Poplar, where they remained for a short while, the Presleys resided there for less than a year. The structure presently seems to house a drugstore and parking space.

The family relocated to Lauderdale Courts, a public housing development at 185 Winchester St., in September 1949.

Their abode is still there and open for tours and overnight stays. The Presley family history is commemorated on a plaque outside.

In April 1953, the family relocated to 698 Saffarans, followed by 462 Alabama. Both buildings are still standing. Elvis Presley has just received his diploma from the local high school.

The family relocated to 2414 Lamar Ave. in 1954; it is now a commercial building. The next year, they started leasing 1414 Getwell, a strip mall today.

Presley and his parents paid $29,500 for a four-bedroom house on 1034 Audubon Dr. in March 1956 as his career took off. He remained for little over a year until tourists and photographers made it impossible.

The brick home, which is 2,884 square feet and sits on a half-acre, has been sold many times.

It was last acquired for $1 million by music industry mogul Mike Curb in 2006 and was added to the National Register of Historic Places in 2007.

The house was then given by Curb to the neighborhood's Rhodes College "as a location to appreciate and experience innovation and fresh vitality."

The house sustained significant damage from an electrical fire in 2017 when it was receiving repairs due to a ruptured water pipe.

Graceland

Presley reached the top of the charts with the 1956 release of "Heartbreak Hotel" and went on to sell 10 million singles the following year.

The celebrity spent lavishly on the Memphis estate that would eventually become Graceland the next year. The 13.8-acre property, which he made his lifetime residence, was purchased by him.

Graceland, a museum that first opened to the public in 1982, is recognized as both a National Historic Landmark and by the National Register of Historic Places.

It is now one of the most popular private residences in the United States. Elvis Presley Boulevard is the current name of the roadway.

Fans may take a tour of the residence of Elvis Presley and see a variety of artifacts and costumes from the performer's stage and private life, as well as the "jungle room" with its green shag carpet and Tiki décor.

Presley acquired 30 acres near Coldwater, MS, in the middle of the 1960s for a few members of his family.

When the site was up for sale in 2020 for $485 000, information about the King's link to the property came to light. Despite many price reductions, it doesn't seem to have sold.

Viva Las Vegas

In 1956, when Elvis was barely 21 years old, Presley made his debut on the Las Vegas circuit at the New Frontier hotel.

He notably continued to play in the center of gambling for the next 20 years, totaling more than 600 performances. In 1976, the year before he passed away, he performed his last desert performance.

In 1967, he wed Priscilla in Sin City. Presley agreed to play the International Hotel, which later changed its name to the Las Vegas Hilton, in 1969. During his stay, he also made a luxurious hotel room his home.

While on tour, he also made the Hilton his headquarters of operations. In fact, the hotel's Imperial Suite on the 30th floor where the performer would stay became known as "The Elvis Suite" over time.

The bronze monument of the King at the old Hilton, now the Westgate, as well as tribute performances and impersonators all reflect how alive the King's spirit is in Vegas.

The Westgate successfully petitioned for the renaming of the boulevard in front of the resort to Elvis Presley Boulevard in 2016.

Hollywood

In the 1960s, Presley traveled to Los Angeles to appear in close to 30 films. He took up residence on the West Coast and continued to make movies there.

From 1967 through 1973, he and Priscilla enjoyed a lavish lifestyle at a Beverly Hills mansion. Lisa Marie, the daughter, was born in 1968.

The three-bedroom French Regency home was constructed in 1958 on a 1.18-acre promontory in the elite Trousdale Estates neighborhood.

It has floor to ceiling windows with views of the city and the ocean, a pool, and a spa. For $400,000, Presley paid for it.

Since then, the gated estate has undergone major renovations and was sold in 2019 for $25.5 million.

Then, in the early 1970s, Presley bought a house in Holmby Hills. It is believed to be the final house Elvis and Priscilla shared before divorcing in 1973.

The Tudor-style property, which sits on 1.6 acres, features seven bedrooms, a pool, a tennis court, and a guesthouse.

Before selling it in 1975, Presley allegedly replaced the windows in the living room with French doors and remodeled the kitchen. The house last changed hands in 2020 for $20 million.

Presley apparently leased an opulent apartment at 525 Perugia Way in Bel-Air before buying a property; the building has since been torn down. In 1965, he famously entertained The Beatles there.

The celebrity also stayed at a different Bel-Air trophy home. Originally constructed for studio tycoon Sol Wurtzel, this Wallace Neff-designed residence from 1931 also belonged to Howard Hughes and Prince Rainer.

The 13,361 square foot Spanish Colonial home, which sits on 1.5 acres, has gardens, terraces, a pool, and a tennis court. The most recent sale was for $31 million in 2019.

Palm Springs Pads

The "Blue Suede Shoes" singer would go to Palm Springs when he wanted to kick back and get away from Hollywood for a while.

Presley leased the 'House of Tomorrow' there. He spent his honeymoon in the futuristic retreat.

The 5,000 square foot midcentury modern structure has a pool and is situated on an acre of land.

The property sat on the market for years with a $9.5 million asking price. In the end, it was sold for $2.6 million in late 2020.

Presley spent $105,000 on his own Palm Springs home in 1970. The singer named the getaway from 1946 Graceland West and resided there for a number of months each year.

He added a 1,500 square foot extension to the house that included a party area, sauna, and more bedrooms and bathrooms after being divorced in 1973.

The 5,000 square foot, four-bedroom estate was most recently sold in 2014 for $1.5 million.

Priscilla Presley’s Properties

Recently, Priscilla Presley sold her longstanding Beverly Hills residence. The 8,550 square foot main home includes seven bedrooms and exquisite old-world decor.

Brick walkways, a pool, tennis court, and an outdoor fireplace are all features of the beautiful acre site.

The house, which had been listed since August 2020, was eventually sold for $13 million. It had been more than 40 years since the house had changed ownership.

Additionally, the "Naked Gun" actress sold a home in the Brentwood neighborhood where her mother and stepfather resided.

For $3.65 million, the actress listed the property in 2019. It went for $3.8 million, which was more than the asking price. She had paid $170,000 for the house in 1976.

Car Collection

Elvis Presley has a lifelong romantic relationship with automobiles. Elvis loved automobiles more than anything else, including music and running his company.

Driving was almost always on his mind, whether it be American muscle cars or European bubble cars, and because to his success in music and movies, he was able to enjoy this obsession to the most.

  • Lincoln (1941) 
  • Cadillac Fleetwood 60 (1955)
  • Cadillac Eldorado (1956) 
  • Messerschmitt KR200 (1956)
  • BMW 507 (1957)
  • Lincoln Continental Mark 5 (1960)
  • Ford Thunderbird (1962)
  • Rolls-Royce Phantom 5 (1963)
  • Mercedes-Benz 600 (1970)
  • DeTomaso Pantera (1971)
  • Stutz Blackhawk III (1973)
  • Ferrari Dino 308 GT4 (1975)
  • Cadillac Seville (1977)
  • Cadillac Miller-Meteor Traditional Hearse (1977)

Top 10 Interesting Facts About Elvis Presley

  • Lisa Marie, a daughter, was Elvis' only child.
  • Only three cities outside of the United States saw Elvis perform: Canada's Ottawa, Vancouver, and Toronto.
  • 1956 saw the premiere of "Love Me Tender," Elvis' first motion picture.
  • Elvis won his first gold record in 1956 for "Heartbreak Hotel."
  • Elvis paid $102,500 for Graceland Mansion, his Memphis residence, in 1957.
  • On July 5, 1954, Elvis recorded "That's All Right" for the Sun Record company.
  • Elvis received his first guitar in Tupelo on January 8, 1946, his eleventh birthday.
  • Elvis worked as a delivery driver for Crown Electric in Memphis before he was well-known.
  • After being enlisted in the American Army in March 1958, Elvis served for six years two on active service and four in the Army Reserve.
  • The United States Jaycees recognized Elvis as one of the top ten young men in the country in 1970.

People Also Ask

What Happened To Elvis Presley Estate?

He named his father, grandmother, and Lisa Marie, who was just 9 years old, as the beneficiaries of his inheritance in his will.

Lisa Marie received the inheritance when his father passed away in 1979 and his grandmother passed away in 1980. Priscilla took over as the principal executor of her ex-estate husband's due to her age.

What Did Elvis Presley Do For Fun?

Men aspired to be him, and women adored him. Elvis had a great interest in karate during his time in the service, studying the Chito-Ryu fighting system under his teacher Hank Slemansky. After his tour, Elvis would return to the stage and perform using his movements.

Who Inherited Elvis Money?

When Elvis Presley passed away, his father Vernon served as the estate's executor and bequeathed his money to Lisa Marie Presley, who was nine years old at the time.

Conclusion

Elvis Presley would have been 80 years old this month if he had lived. Elvis performing in 2015 is difficult to comprehend, yet Leonard Cohen, who is a few months older, can perform for three and a half hours without tiring.

Chuck Berry is still performing at the age of 88. There is no reason why Elvis couldn't still be swaying his hips onstage if he had been able to reduce the weight and become healthy.

Sadly, his life did not turn out that way, but he is still regarded as the father of rock and roll.

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