Elvis Presley Net Worth at Death – How Did He Get Rich?

Elvis Presley Net Worth 

Elvis Presley had an estimated net worth of $20 million at the time of his death. Musician and actor Elvis Presley rose to fame in the mid-1950s—on the radio, TV and the silver screen — and is one of the biggest names in rock ‘n’ roll history. He earned the majority of his income from album sales, concerts, movies and TV shows. 

Elvis Presley came from very humble beginnings and grew up to be one of the biggest names in rock ‘n’ roll. In the mid-1950s, he appeared on radio, television and the silver screen. On August 16, 1977, he died of heart failure at the age of 42, due to his drug addiction. Since his death, Presley has remained one of the most popular musical icons in the world.

To calculate the net worth of Elvis Presley, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Elvis Presley
Net Worth: $20 Million
Monthly Salary: $200 Thousand
Annual Income: $3 Million
Source of Wealth: Singer, Actor, Musician, Soldier

Early Life

Elvis Aron Presley was born in Tupelo, Mississippi, on January 8, 1935. (He later changed his middle name spelling to the biblical form of Aaron.) Presley was supposed to be a twin, but his brother, Jesse Garon (also spelled Jessie), died before birth. Presley rose from humble beginnings to become one of the most famous names in rock ‘n’ roll.

Presley’s family had little money and moved around a lot because he was raised by loving, working-class parents. He was deeply devoted to his parents, particularly his mother, Gladys, and was raised to believe in God. Presley and his parents attended the Assembly of God Church, where gospel music became an important influence on him.

On his 11th birthday in 1946, Presley received his first guitar as a gift from his mother, and he had his first taste of musical success a few years later when he won a talent show at Humes High School in Memphis.

He worked a variety of jobs after graduating in 1953, all while pursuing his musical dream. That year, he cut his first demo record at what became known as Sun Studio, and before long, record label owner Sam Phillips decided to take the young performer under his wing. Presley began touring and recording soon after, hoping for his first big break. Presley’s first single, “That’s All Right,” was released in 1954.

First No. 1 Hit: ‘Heartbreak Hotel’

Presley began to gain a following in 1955, with fans drawn to his unusual musical style, provocative gyrating hips, and good looks. Colonel Tom Parker, his manager, arranged for him to sign with RCA Records that same year. Presley was on a roll in 1956, having achieved his first No. 1 single with “Heartbreak Hotel,” as well as his first No. 1 album, Elvis Presley, and signing a film contract with Paramount Pictures. Despite the outrage caused by his sexy dance moves, he became a popular guest on a number of television variety shows.

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Military Service

Presley was soon in demand as a musician and actor. Love Me Tender (1956), his first film, was a box office success. Even a stint in the United States military couldn’t dampen Presley’s thriving career. He was drafted in 1957 and was inducted into the Army the following March. He eventually spent about a year and a half in Germany. Gladys Presley, Presley’s beloved mother, died just before he left for Europe.

He was given permission to return to Memphis for the funeral. Presley returned to duty, deeply saddened by her death. His spirits were lifted slightly while in Germany when he met Priscilla Beaulieu, a young teenager. On May 1, 1967, in Las Vegas, Nevada, the couple fell in love and married.

Movies and Soundtracks

After leaving the Army in 1960, Presley resumed his career and was soon back at the top of the charts with the soundtrack to his movie GI Blues. He continued to record music and star in films such as Blue Hawaii (1961), Girls! Girls! Girls! (1962) and Viva Las Vegas (1964). Although his films were often not well received by both critics and audiences, they turned a profit and the soundtracks usually sold well.

In the late 1960s, however, the enigmatic performer seemed to lose his appeal at the box office. To prove that he was still the “King of Rock ‘n’ Roll,” he recorded his first TV special in 1968, often referred to as the “68 Comeback.” He thrilled the audience with his performance, demonstrating his talents as a singer and guitarist.

Daughter, Divorce From Priscilla and Drug Addiction

Presley’s personal life appeared to be improving around this time. He married Priscilla in 1967, and the couple had a daughter, Lisa Marie, the following year. Unfortunately, this happy period would not last. Presley’s marriage was in disarray by the early 1970s. When the couple divorced in 1973, Priscilla was granted custody of Lisa Marie.

Presley was also dealing with personal issues, such as a growing prescription drug addiction; the once-thin rock star was battling a weight problem, and his destructive lifestyle caught up with him that fall when he was hospitalized for drug-related health problems. Despite his personal difficulties, Presley remained a popular attraction in Las Vegas and on tour. In June 1977, he gave his final concert in Indianapolis, Indiana. Following the concert, he returned to Graceland, his Memphis mansion, to prepare for another tour.

Death and Legacy

Presley died of heart failure on August 16, 1977, at the age of 42. It was later determined that his death was caused by his use of prescription drugs. Presley was laid to rest near the graves of his mother, Gladys, father, Vernon, and grandmother, Minnie Mae Hood Presley, on the Graceland grounds.

Presley’s incredible career helped popularize rock ‘n’ roll music in America. He also received three Grammy Awards for gospel recordings. Presley was a major musical force, with 18 No. 1 singles, including “Don’t Be Cruel,” “Good Luck Charm,” and “Suspicious Minds,” and numerous gold and platinum albums.

He was among the first musicians to be inducted into the Rock and Roll Hall of Fame (1986). Presley, on the other hand, has been recognized for his contributions to a variety of musical genres, most notably rock, country, and gospel. Presley was inducted into the Country Music Hall of Fame posthumously in 1998, and the Gospel Music Association’s Gospel Music Hall of Fame three years later.

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Graceland, Presley’s Memphis home, is open to the public, and many fans from around the world visit the legendary residence on an annual basis, particularly around Presley’s birthday and the anniversary of his death.

Thousands of fans descended on Graceland on August 16, 2012, the 35th anniversary of Presley’s death, for a special vigil in his honor. Fans held lit candles and stood outside Presley’s home during the gathering. Though the Presley family holds a tribute event each year to commemorate Presley’s death anniversary, the 2012 gathering was notable because Presley’s estranged wife, Priscilla, and daughter Lisa Marie appeared together for the first time at the annual event.

“You should look at it from our perspective. It’s incredible, “According to the Washington Post, Priscilla stated during the event. “The candles have been lit. It’s truly breathtaking… Elvis would never have believed something like this could have happened here.”

Pop Culture

Presley has remained one of the world’s most popular music icons since his death. Several documentaries and films have been made about the enigmatic performer over the years, including a 2005 television miniseries starring Jonathan Rhys-Meyers as Elvis. Elvis Presley: The Searcher, a two-part documentary, was released in 2018 and explores his early life, rise to fame, and diverse musical influences.

That same year, the online auction site IronPlanet announced the sale of a private jet once owned by Presley and his father. The red 1962 Lockheed Jetstar, which has been sitting idle on a New Mexico runway for decades, has a gold-tone woodwork interior and red velvet seats but no engine. The previous owner paid $430,000 for the jet in 2017.

Another 2018 auction, held at Graceland’s Guest House and online, featured over 200 keepsakes from third-party collectors, all of which were once owned, used, and signed by the King himself. The most expensive item sold for more than $51,000, a 1942 Beretta M1934 pistol given to Presley by General Omar Bradley.

Further Reading

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How To Become Rich Like Elvis Presley?

Elvis Presley did not become rich by luck. To become as rich as Elvis Presley, you have to work smart.

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