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| Above, Graceland. Photo by Armand Vaquer. |
It is hard to believe that Elvis Presley paid so little for his Graceland mansion.
The amount he paid back in 1957 wouldn't be enough for a "McMansion" and land in California today.
According to Showbiz CheatSheet:
Elvis Presley’s Graceland property is still his biggest money maker decades after his death. The late music icon died on Aug. 16, 1977, and his estate earns millions every year. He makes so much money post-mortem, in fact, he’s the fifth highest paid dead celebrity of 2020. But how much did the king pay for Graceland, exactly? And what would the cost be if he were to buy it now?
The star bought the Graceland home and property in the early years of his music career. The young icon had experienced a whirlwind of a year in 1956 with a slew of now famous network performances, live shows, and his film debut in Love Me Tender.
Just 22 years old at the time, Elvis bought the mansion and property in 1957, according to the Graceland website. The house was already named Graceland when he bought it, as it was named after a family member of the previous owners.
So how much did he pay for Graceland? Go here to find out.
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