Riley Keough once sold a watch given to her by Michael Jackson for $5.

Riley Keough

Riley Keough

The 26-year-old actress, who is Elvis Presley's eldest granddaughter, has revealed she once offloaded a Disney watch which her late former stepfather - who died in June 2009 aged 50 - had given her to one of her mother Lisa Marie Presley's staff.

She said: "I'd set up a little store in the living room and sell stuff that I'd been given, for a dollar, to my mother's staff. I remember this Disney watch that Michael gave me. I think I sold that for five."

The brunette beauty admits she sold the timepiece, which could have likely sold for thousands at auction if she still had it, because she wanted to make her own money rather than rely on her famous family for funds.

She explained: "I was always interested in having my own money - not my family's money.

"I don't think it had anything to do with me being Elvis's granddaughter. None of my drive was I need to get away from my family legacy! I wanted to save up the money to go to film school.

"But I always wanted my own money, and I just loved working."

Despite having a well-known background, Riley - whose grandfather Elvis died in 1977, 12 years before she was born - insists she never even "thinks" about her legendary family members.

She added to Esquire magazine: "People always ask, 'How crazy is it that your grandpa was Elvis and your stepdad was Michael Jackson?'

"I make them happy and say, 'Yeah, it's soooo crazy!' But actually, I don't think about it, ever.

"The reality is, I know as much about my grandpa as you'd know about a grandpa you never met."