CNN 's Ed Payne and Matt Smith contributed to this report . A candlelight vigil at Graceland marks Presley 's 1977 death . The singer died in his Memphis , Tennessee , home at age 42 . Hide Caption In 2010 , Forbes magazine estimated his estate 's annual income at $ 60 million .
A candlelight vigil at Graceland marks Presley 's 1977 death . The singer died in his Memphis , Tennessee , home at age 42 . Hide Caption In 2010 , Forbes magazine estimated his estate 's annual income at $ 60 million .