PRIOR to his loss of life, legendary rockstar Elvis Presley collected an enormous quantity of wealth.
Many years after the hitmaker’s loss of life, Elvis’ property in addition to the query of who owns it, stays a subject of debate amongst popular culture followers.
Does Shaq personal Elvis Presley’s royalties?
On August 16, 1977, Elvis died from a coronary heart assault in Memphis, Tennessee.
Within the wake of his passing, the rock music legend’s will appointed his father, grandmother, ex-wife Priscilla Presley, and his then-nine-year-old daughter Lisa Marie the executors of his property.
They managed his royalties beneath Elvis Presley Enterprises, which they based in 1979.
On November 19, 2013, Genuine Manufacturers Group issued a press assertion that exposed they acquired Elvis’ royalties.
The corporate said: “We’re honored to welcome Elvis into the ABG model portfolio and sit up for working alongside the Presley household and the staff at Elvis Presley Enterprises (EPE) to extend Elvis’ reputation and fan base worldwide.”
Priscilla Presley added to their feedback and shared: “That is an thrilling day for Elvis and his followers.”
“We sit up for working with the ABG staff to additional promote the legacy of Elvis.”
She additional mentioned: “That is the chance the household has been envisioning to broaden the Graceland expertise and improve Elvis’ picture everywhere in the world.”
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“Whereas I’ll proceed to personal Graceland and the unique artifacts, we’re trying ahead to working with our new companions to proceed the expansion and enlargement we’ve got been working in direction of,” shared Lisa Marie Presley.
“The licensing and merchandising facet of this enterprise is to not be confused with the truth that the property will all the time stay with me and my household.”
Lisa Marie additionally commented: “Nonetheless, this can be a nice partnership for our household and Elvis followers worldwide.”
In December 2015, Shaquille O’Neal signed with Genuine Manufacturers Group.
Their settlement consisted of the corporate managing his likeness and advertising and marketing rights.
When Shaq and ABG went into enterprise collectively, the previous additionally began to tackle extra of the corporate’s shares.
Within the years that adopted the deal, the NBA legend ultimately grew to become the second-largest particular person shareholder of the model administration entity.
Resulting from his intensive funding in ABG, Shaq owns a proportion of Elvis’ royalties.
He additionally owns a proportion of Marilyn Monroe, Muhammad Ali, Ceaselessly 21, David Beckham, and Barney’s New York.
When did Shaq go into enterprise with ABG?
Whereas discussing his investments with Earn Your Leisure, the basketball entrepreneur mentioned: “I do not like to look like I am bragging, however I’ll ask you a query. Who owns Marilyn Monroe?”
“Who owns Elvis Presley? Who owns Ceaselessly 21? Who owns JCPenney? Me!”
Shaq revealed: “My actual enterprise is I personal 50 manufacturers.”
“So, after I was retiring, I am trying round, I am like ‘How does Michael Jackson and all these guys reside eternally?'”
Though it is not clear how a lot the proportion of Elvis, Marilyn, or Ceaselessly 21 he owns, the NBA legend went into element on how he acquired a lot of ABG’s shares after their 2015 deal.
“I took half that cash, put it again within the firm, and now I am the quantity two man within the firm.”
“I put a reimbursement within the firm, and now I personal all these different manufacturers, so if Shaq ever goes away, s**t, we nonetheless bought Elvis.”