“So I saw a different sort of Colonel Parker from how many people possibly believed he behaved. “It was claimed he took 50 per cent of Elvis' earnings which was not true. He took 25 per cent which, at that time, was the industry standard.”
Despite taking 50 per cent of all the profits from Elvis' career, Parker was no less gullible than the 'rubes' whom he delighted in exploiting in his carnival days. The Colonel himself ended up being the greatest sucker of them all, giving back almost his entire fortune to the Hilton croupiers.
With over 78 different possibilities, from charm bracelets to record players, Presley merchandise brought in $22 million by the end of 1956. Parker, with his 25% share of profits, found ways to make money from his artist that other managers before him had never thought of.
Parker initially took a 25 percent commission, which grew to 50 percent. He made more off the toys, TV appearances, and acting roles, than Elvis. “Was he a cheap crook that played fast and loose?
Colonel Tom Parker was a Dutch-American talent manager and musical entrepreneur who had a net worth of $1 million at the time of his death in 1997.
Since he had never applied for U.S. citizenship, he was essentially a man without a country and no one had jurisdiction over him. Such tactics delayed resolution so long that the Presley estate finally settled with Parker, and he received a $2 million settlement from RCA Records.
Colonel Parker agreed to turn over all of Mr. Presley's master recordings to RCA for $1 million. The rest of the payment was for movies, television clips and Colonel Parker's rights to a 1977 videotaped Presley concert.
The sum varies from $2 million to $10 million, she says, and as the movie shows, Elvis ultimately decided he couldn't afford to pay and went back to work for the colonel.
In 1983, during her 25th birthday, Lisa Marie finally inherited her father's entire estate, which had grown to about $100 million.
No, Elvis Didn't Fire Colonel Tom Parker From the Stage at Las Vegas. In the later years of his life Elvis performed several Las Vegas residency shows after the Colonel made a deal to keep him there in order to pay for his large gambling debt.
Presley never fired Parker publicly, but he did have an on-stage meltdown at a Vegas show over the firing of a kitchen employee he liked. After this altercation, Presley and Parker did have an argument that resulted in Parker's firing, according to Alanna Nash, author of Parker's biography.
While most of Presley's estate belongs to the late rock star's daughter, a deal that was made before his death rerouted all of the royalties from his music away from his estate. In 1973, Elvis and his manager, "Colonel Tom" Parker, went to RCA and offered them a deal in return for all future royalties from his music.
At the time of Elvis' death in 1977, his estate was worth about $5 million (roughly $25.4 million in today's dollars). Lisa Marie Presley inherited her father's estate when she turned 25 years old in 1993.
Elvis Presley was always reputed to be a free-spender. Estimates place his lifetime earnings anywhere from $100 million up to one billion dollars.
Estate estimated net worth: US$400-500 million
But that wasn't the case back in the day. When he was found dead in 1977, his net worth was only US$5 million, which is worth about US$20 million in today's money.
Among those who participated in the public memorial service at Elvis Presley's mansion in Memphis, Tenn., were musicians Billy Corgan, Alanis Morissette and Axl Rose, as well as Priscilla Presley.
The only daughter of Elvis and Priscilla Presley, Lisa Marie was the sole inheritor of her father's famed mansion.
The iconic Memphis home of Elvis Presley, which had been willed to his daughter Lisa Marie Presley — who died Jan. 12 at the age of 54 — will now go to Presley's three surviving children: elder daughter Riley Keough, 33, and twins Harper and Finley Lockwood, 14. Lisa Marie Presley's son, Benjamin Keough, died in 2020.
Elvis Presley's net worth was estimated at $5 million at his death but has since grown to over $500 million. His legacy continues, and his estate earns significant income from his music and image rights.
$125,000. The amount of money Elvis earned per week to perform in Las Vegas.
The Wanted's Tom Parker left £70k to widow after he died from cancer without writing will. The Wanted singer Tom Parker died without making a will before he died after a gruelling battle with cancer, but the singer left £70,000 to his widow Kelsey.
Parker was eventually sued by the Elvis estate over mismanagement, which found his dealings over the years to be unethical and extortionate.
As Alanna Nash' prodigious research has discovered, the Colonel left Holland most probably because, at the age of twenty, he bludgeoned a woman to death. Entering the US illegally, he then enlisted in the army as 'Tom Parker'.