Who Owns Graceland Now? Where is Graceland?
by Mathelene
Updated Nov 30, 2023
Who Owns Graceland Now?
As of now, Graceland is owned by Riley Keough, the granddaughter of Elvis Presley. After a legal battle over her late mother Lisa Marie Presley's estate, Riley became the sole owner. Elvis bought Graceland in 1957 for $100,000, and its value has soared over the years, now estimated at over $500 million.
Originally worth $5 million at Elvis's death in 1977, Graceland's annual revenue exceeds $10 million, thanks to Priscilla Presley's decision to open it to the public in 1982. Despite being a popular tourist destination, the second floor, where Elvis passed away, remains closed.
While no Presley family members currently live there, Riley Keough holds positive memories of past stays. As for burial, Riley sees no reason why her grandmother, Priscilla, couldn't be laid to rest at Graceland, where several family members, including Elvis, are buried.
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Where is Graceland?
Graceland is a famous mansion located at 3764 Elvis Presley Boulevard in the Whitehaven neighborhood of Memphis, Tennessee, USA. Sitting on a 13.8-acre estate, it was once owned by the iconic American singer Elvis Presley. This historic residence became a house museum and opened its doors to the public on June 7, 1982.
Graceland is not only a popular tourist destination, attracting over 650,000 visitors each year, but it also holds special significance in rock music history. In 1991, it was the first site recognized for its connection to rock music in the National Register of Historic Places.
Additionally, in 2006, Graceland achieved the distinction of being declared a National Historic Landmark, making it the first of its kind to receive such recognition. Ownership of Graceland passed through the Presley family, and as of January 12, 2023, Elvis's granddaughter, Riley Keough, is the sole trustee and owner.
Does anyone live in Graceland?
No one from the Presley family currently lives in Graceland. After Elvis Presley's death in 1977, the iconic home was opened to the public in 1982 by Priscilla Presley, making it a popular tourist destination. While visitors can explore most of the mansion, the second floor, where Elvis had his fatal heart attack, remains closed.
Riley Keough, Elvis's granddaughter, who now owns Graceland, has fond memories of staying there in the past, but the estate is not used as a residence. Graceland generates significant annual revenue, estimated to be over $10 million, largely due to Priscilla's decision to share it with the world. Despite its historical and cultural significance, Graceland is no longer a private residence for the Presley family, but rather a cherished landmark open to the public.
Who is Riley Keough?
Danielle Riley Keough is an American actress. She was born on May 29, 1989. She entered the film scene with a supporting role in the musical biopic The Runaways (2010) and gained attention for her part in the independent thriller The Good Doctor (2011). Keough then took on a minor role in Steven Soderbergh's Magic Mike (2012) and later secured her first major film in the action feature Mad Max: Fury Road (2015).
In 2016, she achieved a breakthrough with a Golden Globe Award-nominated performance in the anthology series The Girlfriend Experience. Known for her roles in American Honey (2016), It Comes at Night (2017), and Logan Lucky (2017), Keough continued her success with The House That Jack Built (2018), The Lodge (2019), and Zola (2020).
Co-founder of Felix Culpa production company, she co-directed War Pony (2022), winning the Caméra d'Or. Also, being Elvis Presley's granddaughter, Keough became the sole owner of Graceland following her mother's, Lisa Marie Presley's death in 2023.
Who Owns Graceland Now - FAQs
Riley Keough, the granddaughter of Elvis Presley, is the current owner of Graceland. She inherited it following her mother Lisa Marie Presley's passing in 2023.
Graceland is situated at 3764 Elvis Presley Boulevard in the Whitehaven neighborhood of Memphis, about nine miles south of central Memphis and less than four miles north of the Mississippi border.
Graceland is a mansion on a 13.8-acre estate in Memphis, Tennessee, once owned by Elvis Presley. It is a historic site and house museum, open to the public since June 7, 1982.
Graceland is historically significant as the former residence of Elvis Presley and is recognized in the National Register of Historic Places and as a National Historic Landmark, particularly for its connection to rock music.
Riley Keough is the granddaughter of Elvis Presley, being the daughter of Lisa Marie Presley. She is an American actress and the sole owner of Graceland.