Graceland, the former Memphis home of Elvis Presley, may be scooped up by Kanye West, according to the Daily Star. A Source has indicated that Lisa Marie Presley is taking offers on the 13-acre property.
Estimates put the estate's value at about $85 million, a small price to pay, said the source, for Ye to secure his musical legacy.
"Kanye thinks owning Graceland and restoring it to its former glory would cement his place in showbiz history," the source said. "Kanye has always been intrigued by Elvis, especially his influence in bringing blues and gospel music to the masses."
Skeptics have noted that Lisa Marie is not keen to part with the property, insisting on hanging onto it a few years ago even as she sold off 85 percent of her dad's estate.
According to Ultimate Classic Rock, Graceland still pulls in over 500,000 tourists a year.
For comments and feedback contact: editorial@rttnews.com
Entertainment News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.