Despite Riley Keough’s High-paying Acting Career, Her Personal Net Worth is not Nearly Enough to Save Grandpa Elvis Presley’s Home Graceland
Granddaughter of Elvis and Priscilla Presley, Riley Keough is an acclaimed actress who made her feature debut in 2010’s The Runaways, followed by starring in 2011’s The Good Doctor. Keough was a part of Mad Max: Fury Road and, in 2016, starred as an escort in The Girlfriend Experience series.
The actress was highly appreciated for her performance in the first season of the anthology series, and had earned a Golden Globe nomination. Riley Keough also went onto earn another Golden Globe and a Primetime Emmy Award nomination for her performance in 2023’s Daisy Jones & the Six. Following her mother’s death in 2023, the actress became the sole owner of Elvis Presley’s estate, Graceland, and is now fighting to save it.
Riley Keough contests the auction of Elvis Presley’s Graceland estate
According to reports by WREG, Elvis Presley’s estate, Graceland, was scheduled to be auctioned off at a foreclosure sale on May 23, 2024. However, Riley Keough who became the sole owner of the estate after her mother Lisa Marie Presley passed away in 2023, is planning on fighting the sale. She has filed a lawsuit, secured a temporary restraining order blocking the sale and called all the claims fraudulent.
The WREG reports mentioned that Shelby County Courthouse had issued a notice that the estate, along with the surrounding acreage on Elvis Presley Boulevard, would be sold to the highest bidder. The New York Post reveals that the actress is traumatized by everything that has been unfolding in front of her. The report stated that the actress had never thought that a historic piece of property that is so meaningful and dear to her and her family could one day be considered to be handed over to a total stranger.
The drama of Graceland even being considered to be auctioned off stems from the revelation that her mother, the late Lisa Marie Presley, had allegedly signed a deed of trust in 2018. She secured a $3.8 million loan while keeping the Graceland estate as collateral. The loan was reportedly taken out through a Missouri-based Naussany Investment and Private Lending company. The firm now claims that Lisa Marie defaulted on the loan.
However, Keough’s 60-page lawsuit claims that her late mother never borrowed any money from the firm. The suit further claims that the signature of Lisa Marie was forged, adding that the company is not even a legitimate one. Lisa Marie Presley inherited the Graceland estate after her father and King of Rock n Roll passed away in 1977. It was later opened to the public as a museum in 1982.
Riley Keough’s successful career might not be enough to save Elvis Presley’s estate
Riley Keough, who is regarded as one of the finest actresses and was highly lauded for portraying Daisy Jones in Prime Video’s Daisy Jones & the Six, has had a successful career. Not only is she the only owner of Graceland Mansion, but she also has a 15% stake in Elvis Presley Enterprises, which controls the late singer’s intellectual property rights.
According to Celebrity Net Worth, her net worth comes to around $20 million, which might not be enough to save the Graceland estate as the estate’s value has grown to be worth near about $400 to $600 million now (via The Richest). According to reports Lisa Marie Presley decided to sell 85% stake in Elvis Presley Enterprises for a $100 million payout. Upon her death in 2023, it was revealed that she had been under a debt up to $16 million.
The NY Times reported that in 2022, at the time of her income and expense declaration, it was revealed that Lisa Marie Presley estimated her debts exceeded $3 million, but it was not specified what she owed or to whom.
The compound where Elvis Presley rests along with his parents, Lisa Marie and her son Benjamin, occupies about 14 acres. After the mansion was opened to the public as a music history theme park, it attracts about 600,000 visitors every year. The house was reportedly named one of the most popular museums in the United States last year.
