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Graceland Earns Millions for Heir
The king of rock ‘n’ roll was no businessman. When Elvis Presley died, his finances were in such sad shape that the managers of his estate considered selling Graceland. His white-columned, Georgian-style home was just too expensive to maintain. But instead the house was opened to tourists, and 25 years after his death on Aug. 16, 1977, Graceland attracts 600,000 visitors a year and has made his sole heir, daughter Lisa Marie, a very wealthy woman. Sell Graceland? Don’t be silly. “Every few months, a tabloid somewhere in the world will come out with a screaming headline that Lisa Marie… Read more »