KEY POINTS

  • Elvis Presley's net worth at the time of his death was about $5 million
  • His home, Graceland, is valued at $100 million
  • Presley sold 600 million albums over the course of his career

Elvis Presley’s net worth at the time of his death was $20 million but when adjusted to current inflation, that sum could only be worth $5 million.

Presley had so much impact and influence in shaping the music industry in his generation. Often referred to as “The King” because he is credited for being the “King of Rock 'n' Roll,” Presley’s popularity is unique and embedded in history that he is still known and remembered for just one name: Elvis.

Rock 'n' roll music in the 1950s was still fairly new and critics even called it the "Devil's Music" due to its sexual undertones, per Celebrity Net Worth. No one embodied charisma, talent and likeability than Elvis when it came to this genre and it is no wonder why people still see him as the King of Rock 'n' Roll.

Elvis Presley
Elvis Presley can now be seen on a “Forever Stamp,” as a part of the U.S. Postal Service's "Music Icon Series," the agency announced Wednesday. In this photo, a still of the late singer and actor is framed by a portion of the Academy Awards bestowed upon films from movie studio Metro-Goldwyn-Mayer Inc. on display at the studios Los Angeles office, on March 8, 2006. Reuters/Fred Prouser

As with any music legends, he had a rough childhood. The Mississippi native had his first taste of music at church. His immense talent even at a young age could not be denied. Even though he failed to finish his music education and could not read music professionally, Elvis still went on to become the best-selling solo artist of all time.

Some of his best-selling albums are “Elvis' Christmas Album,” “Aloha From Hawaii Via Satellite,” “Elvis On Tour,” and “As Recorded At Madison Square Garden.” He is best known for his hit songs such as “Heartbreak Hotel,” “Hound Dog,” and “Suspicious Minds,” among others. In total, he sold 600 million units all over the world and his albums and singles made the number 1 spot in various times.

The American singer was able to leverage his success in music to a career in movies. He appeared in movies such as “Blue Hawaii,” “Girls! Girls! Girls!” and “Viva Las Vegas.” Elvis also had a TV show late in his career called “‘68 Comeback."

Just like fellow legend Michael Jackson, Elvis made more money after his death. His estate earned more due to royalties and licensing fees. However, due to mismanagement and controversies involving manager Colonel Tom Parker, the family of Elvis only received a small amount. This prompted the family to sue Parker, and that eventually ended the manager’s cut to future earnings of the Elvis estate. Moreover, according to Express, Graceland, the home of Elvis and wife Priscilla Presley that was opened to the public for tours, is estimated to be worth at least $100 million.

Presley died in 1997 due to heart failure. Although the King of Rock 'n' Roll passed away years ago, his music continues to inspire fans and musicians today.

Inflation