Yet the King left behind what Forbes describes as a "cash-poor" estate worth only $5 million – $27 million (£20m) in today's money – and with a stack of debt too.

Elvis's extraordinary extravagance and overflowing generosity, coupled with the influence of Parker and his various hangers-on, had massively eroded the megastar's fortune.

However, his legacy lives on. Elvis Presley remains one of the most famous entertainers who ever lived, with new generations of fans discovering his music while his estate continues to rake in millions today.

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Why was Elvis Presley worth shockingly little when he died?