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.
But there's more… Out of the ridiculous $10.5million figure, Elvis received $4.5million and the Colonel received $6million. Toward the end of his career, his body was ravaged by years of abuse.
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.
The case was settled out of court in 1983, and in exchange for $2 million, Parker had to relinquish all video and audio recordings of Presley and give up his earnings on all Presley-related materials for the next five years.
No matter where it came from, be it from touring, record sales, his time at Sun Records, or merchandise, Colonel Parker took up to 50 percent of Elvis' earnings throughout his career.
After Elvis' death, Colonel Tom Parker continued to manage and make money from Elvis' estate, until a case between him and the Elvis Presley Estate resulted in him receiving $2 million in exchange for all Elvis audio recordings or visual images that he owned, as well as the termination of his involvement in any Presley ...
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.
Yes, Colonel Tom Parker did go to Elvis' funeral.
Presley Did Not Fire Parker on Stage
Presley rants about Parker's illegal alien status and reveals his gambling debt before firing him as his manager for the entire audience to see. 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 being exposed in Goldman's Presley book and sued by the Presley estate, the Colonel proved wily as ever. He filed legal papers suggesting that since he'd served in the U.S. Army without permission from the Dutch government, he had automatically forfeited his citizenship there.
In 1993, Graceland purchased the property. Today, all shops and attractions in what is now known as Graceland Plaza are owned and operated by EPE.
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.
The money. It has been widely reported that the colonel took more than half of Presley's income in return for negotiating merchandising deals, TV appearances and acting roles.
In 1983, during her 25th birthday, Lisa Marie finally inherited her father's entire estate, which had grown to about $100 million.
It's been estimated that the deal earned Parker $100 million. Although Parker himself would live for another 20 years after Presley, dying at 87 in 1997, a big part of him died with Elvis. “He was mainly living in the past,” said Dickerson.
Col. Tom Parker, 87, a onetime carnival pitchman who shrewdly guided singer-actor Elvis Presley's career for 22 years, died here Jan.
Colonel Parker managed Elvis Presley from 1955 until the singer's death in 1977. Prior to managing Presley, Parker helped transform Eddy Arnold into a country superstar with his own radio shows, movie roles, Las Vegas bookings, and an unparalleled resume of #1 records.
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.
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.
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.
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.
After the home was opened to the public in 1982, the second floor was sealed shut out of respect to the family — and also to avoid any macabre attention at the scene of his death.