A bitter business feud put Priscilla Presley back in the headlines with one extraordinary number: $25 million.
In a 2025 lawsuit, former business partners Brigitte Kruse and Kevin Fialko alleged that Priscilla submitted an IRS financial form in May 2023 listing her jewelry holdings at only $6,000.
They claimed the reality was dramatically different.
According to their lawsuit, Priscilla allegedly had access to a jewelry and memorabilia collection worth “upwards of $25 million.” They further alleged that some items were being stored at a facility connected to the Graceland archives. These were allegations made by Kruse and Fialko, not findings by a court or the IRS.
Priscilla’s attorney Marty Singer strongly rejected the accusation, calling the claims “absurd” and “completely without merit.” Her side has accused the former partners of trying to distract from Priscilla’s own lawsuit against them, in which she alleges financial elder abuse and fraud.
The $25 Million Jewelry Allegations Explained
NBC’s TODAY covered the lawsuit and the accusations surrounding the alleged jewelry and memorabilia collection.
Then came another twist.
On February 9, 2026, lawyers for Kruse and Fialko asked for that particular Beverly Hills lawsuit to be dismissed without prejudice. That means it was dropped in that court but was not necessarily permanently dead or proven false. Court papers did not reveal whether a settlement had been reached.
Their attorney later said the dismissal was a procedural move and that the former partners were continuing to pursue claims against Priscilla in the broader consolidated litigation.
So the headline is dramatic, but the legal reality is more complicated.
No court has established that Priscilla secretly possessed a $25 million jewelry collection or deliberately misled the IRS. The figure remains an allegation from former business partners involved in a deeply hostile legal battle.
And that larger feud has become yet another chapter where money, memorabilia and the Presley name collide decades after Elvis’s death.
The $25 million claim grabbed attention. Whether it can ever be proven is a very different question.