Lisa Marie Presley was born on February 1, 1968, to Elvis and Priscilla Presley at Baptist Memorial Hospital in Memphis, Tennessee,
Exactly nine months after her parents' wedding (1 May 1967). After her parents divorced, she lived with her mother.
When her father died, 9-year-old Lisa Marie became joint heir to his estate with her grandfather Vernon Presley and her great-grandmother Minnie Mae Presley. Following the deaths of Vernon in 1979 and Minnie Mae in 1980, Lisa became the sole heir and inherited Graceland. In 1993, on her 25th birthday, she inherited the estate, which had grown to an estimated $100 million. It is reported that Lisa sold 75% of her father's estate.