Who inherited Elvis' money after his death?

What was Riley Keough's legacy from Elvis?

Riley Keough, born on May 29, 1989, is Elvis' eldest grandchild and has made a name for herself as an actress and model. After her mother Lisa Marie's death in 2023, Riley became a central figure in managing the Elvis Presley estate – but her path to the position wasn't easy at first.

The centerpiece of Riley's legacy is Graceland, the iconic mansion in Memphis, Tennessee that has become synonymous with Elvis' legacy. However, this inheritance also brings with it some complications. After Riley inherited the mansion, she became embroiled in a legal battle with a company that claimed Graceland was used as collateral for a loan that Lisa Marie never repaid. In 2024, a judge in Tennessee stopped the company's potential sale of Graceland, recognizing that selling such a historic property could represent a significant loss to King's legacy.

Beyond Graceland, Riley's legacy extends to other valuable assets, including a 15 percent share of Elvis' intellectual property rights, a stake estimated to be worth tens of millions of dollars The New York Times.

However, the path to securing this inheritance was marked by some serious family tensions. In January 2023, Riley's grandmother Priscilla Presley filed a petition against Lisa Marie's will. At the heart of the dispute was a 2016 amendment that replaced Priscilla as co-trustee with Riley and her late brother Benjamin Keough. This legal challenge led to a months-long standoff that reportedly left Riley deeply upset.

Fortunately, both sides settled out of court in May 2023. A Los Angeles Superior Court judge approved their petition in August 2023 and approved the financial details of the agreement in October 2023. As part of the settlement, Priscilla reportedly received $1 million, plus $400,000 to cover legal fees and will now receive a monthly stipend as special advisor to the estate.

After the argument, Riley has maintained her positive outlook on her relationship with Priscilla. In an interview with Vanity Fair in 2023, Riley addressed the situation with grace and optimism: “There was a bit of turmoil, but now everything will be as it was.” She is a beautiful woman and was a big part of it the creation of my grandfather's legacy and Graceland. It’s very important to her,” she told the magazine. “He was the love of her life. Anything in the press that suggests otherwise makes me sad because at the end of the day she wants to love and protect Graceland, the Presley family and the legacy.”

“Things with grandma will be happy. There was a small upheaval, but now everything will be as it was. She is a beautiful woman and was a huge part of creating my grandfather's legacy and Graceland. It is very important to her. He was the love of her life. Anything in the press that suggests otherwise makes me sad because at the end of the day she wants to love and protect Graceland, the Presley family and the legacy.”