Elvis Presley‘s net worth at the time of his death was a fortune fit for a king—especially when we're talking about the King of Rock ‘n' Roll himself—from his modest origins in Mississippi to his Graceland mansion in Memphis. However, compared to the value of the Presley estate now, his net worth towards the end of his life was insignificant. Everything there is to know about Elvis Presley's net worth is covered in the section that follows.
Early Life of Elvis Presley
Elvis Aron Presley was born on January 8, 1935, in Tupelo, Mississippi, and was reared by working-class parents as an only child after his twin brother Jesse passed away during pregnancy. Elvis was devoted to his mother Gladys, who maintained a close-knit family while his father Vernon took on odd jobs to make ends meet, and to his father Vernon as well. They frequently relocated, yet as a family, their faith never wavered.
Throughout his boyhood, Elvis and his parents attended the Assembly of God Church together, and it was there that he first encountered the transformative power of music. In the years to follow, he would be heavily influenced by jazz standards and gospel songs.
Elvis started his singing career in 1954 with Memphis' storied Sun Records label. His recording contract was sold to RCA Victor in the latter half of 1955. He was a worldwide sensation by 1956. He made history with his television roles and specials, appeared in 33 hit movies, and received widespread praise for his numerous, frequently record-breaking live concert performances while on tour and in Las Vegas.
More than any other musician, he has sold over a billion records worldwide. He has received gold, platinum, or multi-platinum honours for his American sales. Among his many accomplishments were the Grammy Lifetime Achievement Award, which he received at the age of 36, 14 Grammy nominations (3 wins) from the National Academy of Recording Arts & Sciences, and being named one of the Ten Outstanding Young Men of the Nation for 1970 by the United States Jaycees. Elvis served his country honourably in the U.S. Army without any of the extra benefits that his celebrity status may have given him.
How much did Elvis Presley earn from each performance?
Being on the road allowed Elvis Presley to make a comfortable livelihood. His “average concert revenue in the mid-'70s was $130,000 a night,” according to a 1989 Los Angeles Times article, puts him in the around $700,000 area in contemporary currency.
What was Elvis Presley's average movie salary?
Presley not only excelled as a musician but also transitioned seamlessly into acting. He was paid $1 million each film role, according to the Los Angeles Times, and he appeared in 31 films between 1956 and 1969, including Love Me Tender, Jailhouse Rock, and Blue Hawaii. In other words, he amassed millions of money because of the movies.
Net Worth of Elvis Presley at the time of his Death
Elvis Presley's net worth was approximately $5 million at the time of his passing in 1977. Due to Graceland-related costs and the fact that his record label, not Presley's estate or kin, profited financially from his music, this figure was convoluted. The celebrity also had a less-than-ideal contract with his manager, Col. Tom Parker, who received a full 50% of Presley's concert and music earnings, far more than was customary in the business.
Death of Elvis Presley
He was discovered unresponsive at his Graceland house on the afternoon of August 16, 1977, and was taken to the hospital where he was later declared dead. He was laid to rest on the grounds of Graceland, which still draws admirers and is now a very popular tourist destination.
On May 1, 1967, Elvis and Priscilla Beaulieu wed after dating for seven and a half years. The brief ceremony was held in their hotel room at the Aladdin in Las Vegas. In order to end their extramarital activities.
Elvis and Priscilla Presley divorced on August 18 and February 23, 1972, respectively. Elvis was never able to recover from that blow. On October 9, 1973, the divorce became legally binding. Nine months and one day after her parents' wedding, on February 1, 1968, Lisa Marie Presley was born. There are a few false claims, but none have been unequivocally demonstrated.
Frequently Asked Questions
How did Elvis Presley fare?
Elvis Presley passed away from heart failure at age 42 in Memphis, Tennessee, on August 16, 1977, after a protracted period of drug usage.
When Priscilla Presley wed Elvis, how old was she?
Priscilla stated in her 1985 autobiography, Elvis and Me, that their relationship did not develop into one that was sexual until after their wedding in 1967, when she was 21 years old. She stated to Closer Weekly in 2017 that “it was a promise he made to my father.”
What Were the Final Words of Elvis Presley?
The well-known person had a lot of difficulty using the restroom and would frequently take a very long time. Elvis' final words were “I won't,” according to Ginger, who said that she had warned him not to nap in the bathroom.