Elvis Presley money: How much money did Elvis earn in his lifetime? Who has it at present?

ELVIS PRESLEY was one of the most famous men on the planet during his heyday - only how much money did he earn?

Elvis Presley gave his fortune to his daughter, Lisa Marie Presley, after his unfortunate death. However, his fortune was far less than many might have expected, given some poor deals dealt to him by his so-manager, Colonel Tom Parker. In the finish, his lifetime earnings took a hitting after his death, leaving Lisa Marie with far less.

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    Elvis Presley was not left with the huge amounts of money during his lifetime despite estimates placing his lifetime earnings between $100million and $1billion (£76.2million and £762million.)

    Elvis is reported to take enjoyed spending his money on his family unit and friends, and information technology has been alleged The King ran depression on cash from fourth dimension to time.

    Nevertheless, after his death, he was reported as having simply $5million (£3.8million) in his depository financial institution account, along with a huge corporeality of debt.

    He named his grandmother, Minnie Mae, his begetter Vernon and ex-wife Priscilla executors of his manor, with Lisa Marie expected to inherit everything once Vernon and Minnie Mae died.

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    Elvis Presley - how much did he earn?

    Elvis Presley - how much did he earn? (Image: Getty)

    Elvis Presley performing in Las Vegas

    Elvis Presley performing in Las Vegas (Epitome: Getty)

    The executors too had to pay a major IRS estate tax of $10million, (£7.6million) afterward the IRS adamant Elvis' manor was actually worth more than than just the small amount which was offset believed.

    Too as this, Elvis' estate, much of which is owned by Lisa Marie Presley, was not going to earn much in the manner of royalties, every bit some of them vest to RCA, his record company.

    In March 1973, Colonel Tom Parker, Elvis' manager, suggested Elvis be given a lump sum in lieu of all time to come royalties for anything recorded upwards to that time.

    Of course, by 1973, Elvis had quite the back catalogue to piece of work with, significant this would accept earned RCA a huge corporeality of money.

    A young Elvis Presley on stage

    A young Elvis Presley on stage (Image: Getty)

    The deal was done and RCA paid Elvis and Colonel Tom $5.4million (£4.2million), which was then split equally betwixt the two men.

    The sum of $5.4million would be worth $31,512,240 in today's money, or £24,250,716.98.

    As a result of this deal, Lisa Marie does non own the artist's royalties on sales of recordings made earlier March 1973.

    Nonetheless, the Elvis Presley Enterprises (EPE) does own his creative person's royalties on sales of recordings made after that date, which all the same earns them a hefty sum.

    Elvis Presley with Priscilla and Lisa Marie

    Elvis Presley with Priscilla and Lisa Marie (Prototype: Getty)

    EPE as well still holds the publishing rights to all of the songs recorded by Elvis, which equals around 700, every bit they were part-owned by Elvis through his various publishing companies.

    The publisher'due south royalties to his songs, therefore, are still earned by the EPE, as these were non sold to RCA.

    Of course, his publishing contracts are liable to expire, after which those songs tin can no longer earn publishing royalties past the EPE, only can earn artist'due south royalties for RCA.

    Colonel Tom was eventually taken to court to be removed from futurity earnings of Elvis' work, and all agreements which stipulated his 'exorbitant' fee were terminated.

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    Luckily, Priscilla took accuse and turned Graceland, Elvis' domicile, into a tourist allure, which helped grow the estate significantly to around $100million by 1993, significant the loss in royalties was not as big a problem.

    In 1993, Lisa Marie turned 25, which meant she became eligible to inherit Elvis' money directly from his will, equally she was the master heir to his massive fortune.

    She became more closely linked to the trust created to manage her funds, the Elvis Presley Trust, until in 2005 when 85 percentage of the estate'southward business holdings were sold.

    Despite this, Lisa Marie even so owns Graceland itself and all of the property inside it.