Jimmy Velvet & Elvis. Jimmy Velvet was a young recording artist in the 195's. In 1955, Jimmy was fifteen years old when he first met, then nineteen year old, Elvis Presley . Elvis and Jimmy remained life long close friends. After Elvis Presley's death, Jimmy became the founder and CEO of the Elvis Presley Museum located in Memphis, Nashville, Orlando and Honolulu. The museum was the largest authentic collection of artifacts owned by Elvis in the world.