The property, which is described to be a masterpiece, is owned by Elvis' daughter, Lisa Marie Presley. Kanye showed interest in it after Lisa announced on Twitter that she is about to give up the 14-acre site that is worth $85 million.
The Graceland, now U.S. national landmark, was bought by Elvis in 1957 and attracts more than 500,000 visitors a year, all for the purpose of visiting the grave of the musician who died two decades ago. Elvis’ parents and grandmother were also buried in the “Meditation Garden.”
Kanye is said to be a huge fan of the rock-n-roll artist and would like to own the historical entertainment piece to boost his reputation. A source told, “Kanye is really excited about the prospect of owning it. He thinks it would be really cool if he, Kim and baby Nori [North's nickname] lived there, at least some of the time."
Music icon Elvis Presley had a net worth of $330 million. He made a trademark as the King of Rock N Roll and had inflicted everyone with his peculiar fashion sense. The 42-year-old singer died in 1977 due to drug overdose.