Graceland is still owned by Elvis Presley’s family, with his granddaughter Riley Keough now recognized as the primary legal owner and controlling trustee of the estate on behalf of herself and her younger twin sisters.

Who owns Graceland now?

  • Elvis left Graceland to his only child, Lisa Marie Presley, who became the full owner when she turned 25 in 1993.
  • After Lisa Marie’s death in January 2023, ownership passed into a trust for her three daughters: Riley Keough and twins Harper and Finley Lockwood.
  • Court decisions and later confirmations in 2023–2024 made Riley Keough the sole trustee and effective owner in charge of Graceland and the related family estate interests.

Mansion vs. business side

  • The Graceland mansion and its original grounds are personally owned by Lisa Marie’s estate, now held for Riley, Harper, and Finley, with Riley acting as sole trustee.
  • The business operations (Elvis Presley Enterprises, or EPE) are majority-owned by Graceland Holdings LLC, while Lisa Marie’s estate retained a minority stake.

Here’s a quick view of how that breaks down:

[1][3] [3] [3]
Aspect Who owns it?
Graceland mansion & ~13-acre original grounds Presley family trust for Lisa Marie’s daughters, with Riley Keough as sole trustee.
Elvis Presley’s personal effects (costumes, cars, awards, furniture) Presley family via the same trust, made available for tours and exhibits.
Elvis Presley Enterprises (brand, merchandising, some operations) Graceland Holdings LLC as majority owner; Presley estate retains a minority share.

Recent legal drama and “latest news”

  • In 2024, a company briefly claimed Graceland was subject to foreclosure based on an allegedly fraudulent loan document, sparking headlines and forum debates about “who really owns Graceland.”
  • A Tennessee court blocked the attempted sale and ruled in favor of Riley Keough, after which the company withdrew its claim, leaving Graceland securely in Presley family hands.

Does anyone live in Graceland?

  • No one lives there full time; Graceland has operated as a museum and tourist attraction since it opened to the public in 1982.
  • The upstairs area, where Elvis’s private rooms are, remains closed to the public, which fans often discuss in tours, TikTok clips, and Reddit travel threads.

TL;DR: If you’re wondering who owns Graceland right now, it’s Elvis’s granddaughters—legally controlled and represented by Riley Keough as sole trustee—while a separate company runs most of the commercial Elvis brand operations.

Information gathered from public forums or data available on the internet and portrayed here.