Priscilla Presley’s Net Worth: Priscilla Presley, the ex-wife of music legend Elvis Presley, is an American actress, businesswoman, and the founder of Elvis Presley Enterprises. Read on to learn more about her personal and professional life.
Priscilla Presley may be known as the former wife of the late Elvis Presley, but she has also made a mark for herself and carved her own identity through her business ventures and acting roles in movies and television. However, she has experienced many ups and downs in her life and remains a force to be reckoned with. Read on to find answers to the many questions you might have about her, including Priscilla Presley’s net worth, how old was Priscilla when she married Elvis, her career, her family, and more.
Priscilla Presley’s Net Worth
Who Is Priscilla Presley?
Priscilla Presley is an American actress and businesswoman. She was also the former wife of the late Elvis Presley, the singing superstar and King of Rock ‘n’ Roll. Priscilla has achieved success on the big and small screens as an actor and business mogul. She first gained notoriety as a result of her marriage to Presley. She was ten years younger than him, which was interesting because she managed to capture his attention immediately after their first encounter. Before they got married, the two spent eight years courting each other. However, the couple separated after their marriage did not work out.
After her divorce, she embarked on a new journey as both an actor and a business mogul. She played the lead in a few films, soap operas, and television films. She also launched her own collection of linens and fragrances. Priscilla served as the organization’s chairwoman and co-founded Elvis Presley Enterprises. The organization was in charge of elevating Elvis Presley’s estate, Graceland, to the status of a major American tourist destination.
What Was Priscilla’s Childhood Like?
Priscilla Presley, originally named Priscilla Ann Wagner, was born on May 24, 1945, in Brooklyn, New York. Her parents were Ann Iversen and James Wagner, a US Navy pilot who tragically died in a plane crash when she was just six months old. Paul Beaulieu, a US Air Force officer, later became Priscilla’s legal father after marrying Ann Iversen.
Due to her father’s job, young Priscilla had to relocate every two to three years. The frequent moves were met with disdain as she struggled with the challenges of adapting to new cities and surroundings. Just when Priscilla would start to settle in, forming connections and familiarizing herself with her new environment, the transfer orders would arrive. And thus, requiring her to once again pack her belongings and move.
When Priscilla was just 14 years old, she had her first encounter with the 24-year-old Elvis. It happened in 1959 while both were serving in the United States military in Western Germany. Priscilla and her family were residing there at the time. The couple crossed paths at a party, where they were immediately captivated by each other’s presence. Priscilla was a ninth-grade student during this period. Besides, because of Elvis’ age and rock star status, Priscilla’s parents had some reservations about their daughter getting involved with him.
In the summer of 1962, Priscilla made a visit to the United States to be with Elvis. However, it wasn’t until March 1963 that she permanently relocated to America. During her stay in the US, Priscilla resided with Elvis’ parents and attended Immaculate Conception High School in Memphis. After graduating, she took the next step and moved in with Elvis in June 1963.
During the subsequent four years, Elvis Presley experienced an extraordinary surge in his career as both a singer and actor. His talent and charisma propelled him to unprecedented levels of success and fame, captivating audiences worldwide. These years were marked by numerous hit records, successful films, and a growing fan base. Furthermore, solidifies Elvis’ status as an iconic figure in the entertainment industry.
On May 1, 1967, Elvis and Priscilla Presley tied the knot in Las Vegas. At the age of 21, Priscilla married the 32-year-old Elvis in a brief eight-minute ceremony held in a private suite at the now-defunct Aladdin Hotel. Despite their ten-year age difference, the couple remained married for six years. However, as time went on, their marriage began to deteriorate, leading to their eventual separation on February 23, 1972. The couple officially divorced on October 9, 1973, after their divorce application was granted. In addition to receiving $725,000, Priscilla also received 5% of Presley’s new publishing company, child support, and the proceeds from the sale of their Beverly Hills home.
Priscilla had several romantic relationships after her 1973 divorce. She began sharing a residence with her romantic boyfriend, Mike Stone. However, the romance was short-lived as she quickly fell in love with model and actor Mike Edwards, with whom she had a six-year live-in relationship. However, she did not remarry again. And still refers to Elvis as the love of her life.
Priscilla Presley’s Net Worth – Career
After completing her studies, Priscilla did not immediately embark on her professional journey. Instead, she made the decision to marry Elvis Presley. Following their divorce in 1973, Priscilla ventured into the business world. She became a co-owner of Bis & Beau, a clothing store, alongside her friend and stylist Olivia Bis. Also, the store attracted a prestigious clientele, including Cher, Lana Turner, Barbara Streisand, and Natalie Wood. Unfortunately, Bis & Beau eventually closed its doors in 1976, marking the end of Priscilla’s foray into the retail industry.
Besides, Priscilla had always been interested in modeling and dancing. But Presley disapproved of his wife having a job in the entertainment industry. This limited her interest to a pastime only. But after his passing, she decided to pursue acting. She made her on-camera debut in the 1980 television program “Those Amazing Animals,” where she participated as the co-host.
Three years later, she received her first official acting job in the second-season episode of “The Fall Guy” titled “Manhunter.” She co-starred with Michael Landon in the 1983 television movie “Love is Forever”. And received excellent feedback for her acting from both creators and viewers.
In 1988, she ventured into the fragrance industry, launching her own brand. Not long after, she expanded her business further by introducing her line of luxury linens. She has also worked as a producer on a few films, including “Breakfast with Einstein” and “Finding Graceland.” In 2000, she was added to Metro-Goldwyn-Mayer’s board of directors. Also, following Elvis Presley’s passing in 1977, Priscilla assumed the role of executor for his sole heir, their daughter Lisa Marie.
Elvis Presley purchased Graceland Mansion in 1959. Located in Memphis, Tennessee, USA, the mansion was his quiet refuge. But after his death, the financial situation presented a challenge as the expenses for maintaining the Graceland mansion amounted to an astounding $500,000. Also, Lisa Marie’s inheritance was valued at just $1 million. Due to these financial constraints, selling the Graceland estate seemed like the only viable option.
Nevertheless, Priscilla demonstrated unwavering determination and made a courageous decision. She took a significant risk by envisioning the transformation of the Graceland estate into a popular tourist attraction. And her gamble paid off handsomely. As the Founder of Elvis Presley Enterprises, she unveiled Graceland to the public on June 7, 1982.
Under Priscilla’s astute leadership, the company thrived and grew into a multimillion-dollar enterprise. Graceland became much more than a private residence! It became an iconic destination that drew Elvis fans from around the globe. Priscilla’s guidance and strategic vision not only preserved the legacy of the King of Rock ‘n’ Roll but also ensured the financial success of the endeavor.
Priscilla Presley’s Net Worth
Elvis Presley’s net worth at the time of his death was $5 million. However, Priscilla Presley’s impressive net worth is estimated at $50 million. It stands as a testament to her remarkable achievements in both her career and business endeavors. Her accomplishments reflect her astute business acumen and the fruitful outcomes of her various ventures.
After her divorce from Elvis, Priscilla received a financial settlement of $725,000. However, her net worth has experienced significant growth since then. Priscilla’s acting career, particularly her roles in the “The Naked Gun” film trilogy and the TV show “Dallas,” has played a pivotal role in amassing her considerable fortune. These successful projects have not only showcased her talent but also contributed to her increasing wealth.
In addition to her acting endeavors, Priscilla’s involvement in establishing Elvis Presley Enterprises in 1981 has been a major factor in boosting her net worth. Serving as a key figure in overseeing the enterprise until the late 1980s, she has skillfully capitalized on the enduring legacy of Elvis Presley, further enhancing her financial standing.
Furthermore, Priscilla’s memoir, “Elvis and Me: The True Story of the Love Between Priscilla Presley and the King of Rock N’ Roll,” became a “New York Times” bestseller. And thus, adding to her income and overall net worth. The success and attention generated by her memoir have opened up new opportunities for Priscilla, positioning her for even greater financial gains.
It’s worth noting that Priscilla’s net worth is also influenced by the substantial million-dollar inheritance to her daughter Lisa. Unfortunately, Lisa passed away in January 2023 due to cardiac arrest. Her daughter Riley now serves as the sole trustee of the estate and inheritance. With her recent achievements and ongoing success, Priscilla’s net worth is expected to continue growing, solidifying her position as a prominent figure in the entertainment industry.