Priscilla Presley Was 'Devastated' When 'Broke' Lisa Marie Sold 85% of Her Inheritance (Including Graceland) Marina WattsSeptember 24, 2025 at 10:35 PM 0 Paul Archuleta/Getty; Todd Williamson/NBC/NBC via Getty Priscilla Presley; Lisa Marie Presley Priscilla Presley wrote about when her daughter Lisa...
- - Priscilla Presley Was 'Devastated' When 'Broke' Lisa Marie Sold 85% of Her Inheritance (Including Graceland)
Marina WattsSeptember 24, 2025 at 10:35 PM
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Paul Archuleta/Getty; Todd Williamson/NBC/NBC via Getty
Priscilla Presley; Lisa Marie Presley -
Priscilla Presley wrote about when her daughter Lisa Marie sold 85 percent of her inheritance, which included Graceland, because she was "broke"
The financial decision left Priscilla "devastated"
Softly as I Leave You: Life After Elvis is available for purchase wherever books are sold
Priscilla Presley is looking back on a challenging moment in her life.
In her new memoir Softly, as I Leave You: Life After Elvis, Priscilla, 80, recalled when her daughter Lisa Marie Presley sold 85% of her inheritance, which included Graceland, because she was "broke."
Priscilla writes that her family experienced a "personal and financial crisis" in 2005.
Lisa Marie, who died in January 2023 at 54, had come into her inheritance 12 years prior in 1993. At that point, however, the late singer was "broke."
Bryan Steffy/WireImage
Priscilla Presley and Lisa Marie Presley in Las Vegas in April 2015
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Priscilla wasn't confident that her daughter had been receiving "good financial advice" and found addressing the issue with Lisa Marie to be "very very delicate." She didn't anticipate how Lisa Marie would solve the problem.
In August 2005, Lisa Marie would sell 85% of her inheritance, which included Graceland.
She retained the house, grounds and her father Elvis Presley's personal effects, but relinquished control of "Elvis' legacy."
Priscilla wrote that she was "devastated." She described it as a "bad financial decision," since Graceland and Elvis Presley Enterprises would create a stream of income.
However, she was more so "gutted" to lose what she considered her "my emotional home, not to mention losing control of Elvis's legacy." "I was heartbroken," added Priscilla.
Priscilla said she had spent so much time creating Graceland's legacy and turning it into something Elvis, who bought the estate in 1957 and lived there until he died 20 years later, would be proud of.
Grand Central Publishing
'Softly, as I Leave You: Life After Elvis' by Priscilla Presley
She opened an annex on the property and worked with Lisa Marie to curate an exhibit of Elvis' personal items, which included his gold records.
Throughout his lifetime, Elvis was awarded 117 gold, 67 platinum, and 27 multi-platinum album awards by the Recording Industry Association of America.
Priscilla likened each record to a work of art that would stop fans in their tracks upon entering the space that displayed them.
Five years after Elvis died, Priscilla opened Graceland to the public after being told years earlier that she would need to sell Graceland since it was "bleeding money" after his death. The home welcomes over 600,000 visitors a year, per the estate's website.
Lisa Marie's ownership of Graceland was passed down in a living trust to her daughters, Riley Keough, and twins Harper and Finley Lockwood, upon her death in January 2023.
Mick Hutson/Redferns
Graceland in Memphis, Tennessee
Elvis, his parents — mother Gladys and father Vernon Presley — his paternal grandmother, Minnie Mae Presley, Lisa Marie and her son, Benjamin Keough, are all buried at Graceland.
Softly, as I Leave You: Life After Elvis is available for purchase wherever books are sold.
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