Priscilla Presley is an American actress, businesswoman, and author who has a net worth of $10 million. She gained fame as the wife of Elvis Presley and earned her name through her acting career and business ventures. Priscilla is best known for her roles in “The Naked Gun” film trilogy and the TV series “Dallas.” She founded Elvis Presley Enterprises in 1981, which turned Elvis’ Graceland into a major tourist attraction.
How did Priscilla Presley make her wealth?
Priscilla’s financial journey began with her marriage to Elvis Presley, but she went on to establish her own career and business. After Elvis’ death in 1977, she managed his estate as trustee for their daughter Lisa Marie Presley. Realizing Graceland’s financial potential, she turned it into a profitable tourist destination. By the time Lisa Marie inherited the property, it was worth $100 million.
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In addition to carrying on Elvis’ legacy, Priscilla also pursued an acting career, starring in the films “Dallas” and “The Naked Gun.” She also launched a successful fragrance and linen line and produced several film and television projects, including the upcoming Netflix series “Agent King.”
What was Priscilla Presley’s early life and marriage to Elvis like?
Priscilla Ann Wagner was born on May 24, 1945, in Brooklyn, New York. Her father James, a Navy pilot, died in a plane crash when she was six months old. Her mother, Ann, remarried Air Force officer Paul Beaulieu, and the family moved frequently because of his career. They eventually settled in Germany, where Priscilla met Elvis Presley at age 14. Despite initial objections, her parents allowed the relationship to continue.
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Priscilla moved to Memphis in 1963 to be closer to Elvis and completed her education there. They were married in Las Vegas on May 1, 1967, and their daughter Lisa Marie was born in 1968. Despite the glamour, their marriage faced challenges, including Elvis’ many affairs. They separated in 1972 and divorced in 1973, with Priscilla receiving a significant settlement and joint custody of Lisa Marie.
How did Priscilla Presley change Graceland?
After Elvis’ death, Priscilla realized the property was in financial trouble, worth only $1 million. To preserve and increase its value, she turned Graceland into a museum in 1982, which receives hundreds of thousands of visitors each year. This move significantly increased the property’s value, leaving Lisa Marie to inherit a valuable asset.
Priscilla served as chairman and president of Elvis Presley Enterprises until Lisa Marie took over in 1993. Under her leadership, the estate flourished, became a National Historic Landmark in 2006 and continues to draw fans worldwide.
What were the legal battles over Elvis’ estate?
Priscilla managed Elvis’ estate until Lisa Marie’s 25th birthday in 1993. In 2005, Lisa Marie sold 85% of Elvis Presley Enterprises for $100 million, but retained ownership of Graceland. After Lisa Marie’s death in 2023, a legal dispute arose over control of the estate. Priscilla contested changes to Lisa Marie’s will that excluded her, but the matter was settled out of court, with Priscilla receiving a portion of a $35 million life insurance payout.
How is Priscilla Presley’s personal life and philanthropy?
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Priscilla has had several notable relationships, including a 22-year partnership with Marco Garibaldi, with whom she has a son, Navarone. She dated Nigel Lythgoe from 2006 to 2009 and has been linked to Robert Kardashian and Terry O’Neill.
He has four grandchildren from Lisa Marie, including actress Riley Keogh. His grandson, Benjamin Keogh, tragically died by suicide in 2020. Priscilla became a great-grandmother in 2022 through Riley.
Since 2003, Priscilla has served as an ambassador for the Dream Foundation, an organization that grants the wishes of terminally ill adults.
What are Priscilla Presley’s real estate investments?
Priscilla has invested heavily in real estate over the years. In 1976, she bought a house for her parents in Los Angeles, which she sold in 2019 for $3.9 million. She owned a 7,000-square-foot home in Beverly Hills for several decades, which she sold in 2020 for $13 million. In January 2021, she purchased a penthouse in Century City, California for around $5 million.
What does the future hold for Priscilla Presley?
Priscilla remains active in her various business ventures and philanthropic efforts. Her legacy includes transforming Graceland into a successful tourist attraction, a notable acting career, and contributions to charitable causes. Despite financial and legal challenges, she remains an important figure in the entertainment industry and the ongoing story of the Presley family.
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