Yes, Colonel Tom Parker did go to Elvis' funeral.
Yes, Colonel Tom Parker did go to Elvis' funeral.
Sued by the Presley estate for fraud in 1983, six years after The King's death, and evicted from his suite in 1984, Parker continued to live and work in Vegas as a consultant for Hilton Hotels until a fatal stroke in 1997.
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.
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. He also became an adviser to the star, helping Presley make the decision to accept military service in 1958 and marry Priscilla Beaulieu in 1967 ...
In 1983, during her 25th birthday, Lisa Marie finally inherited her father's entire estate, which had grown to about $100 million.
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.
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.
Col. Tom Parker, 87, a onetime carnival pitchman who shrewdly guided singer-actor Elvis Presley's career for 22 years, died here Jan.
Colonel Tom Parker was likely moved to tears for two reasons. One, was that he loved seeing "his boy" do so well at his craft. But the other reason was purely financial.
Did Ginger Alden Attend Elvis' Funeral? Yes. As his fiancée at the time, it is believed that Ginger Alden was present for Elvis' funeral. Following the funeral, however, she was reportedly banned from Graceland by Presley's family and had to receive permission to visit his grave.
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.
Ginger Alden, Presley's former fiancée and final companion who found him dead in his bathroom in 1977, penned a tribute to the King of Rock and Roll's daughter, whom she had known for a short time before Elvis' untimely death.
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.
After Lisa Marie's death in 2023, Graceland and her trust were inherited by her daughters, Keough and Harper and Finley Lockwood, a representative for Graceland confirmed to People. Lisa Marie shared Riley with her ex-husband, Danny Keough, whom she divorced in 1994.
A representative of Graceland told People that the property will now be passed on to Lisa Marie's three daughters, Riley, Harper and Finley.
A majority of this money comes in through Graceland, which earns around $10 million annually during a typical year. All in all, the Presley estate is worth anywhere between $400 to $500 million as of 2020, according to a Presley estate executive cited in a report by Rolling Stone.
At the moment of their divorce Priscilla received a cash payment of $725,000, child support payments, spousal support payments, 50% of the sale of the couple's Beverly Hills house and 5% royalties from Elvis Presley's publishing companies.
Graceland continued to be occupied by members of the family until the death of Presley's aunt Delta in 1993, who had moved in at Elvis's invitation after her husband's death. Elvis's daughter, Lisa Marie Presley, inherited the estate in 1993 when she turned 25, until her death 30 years later.
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.
Elvis Presley was always reputed to be a free-spender. Estimates place his lifetime earnings anywhere from $100 million up to one billion dollars.
At the time of Presley's death in 1977, it was suspected that Parker owed the Las Vegas Hilton over $30 million ($144,876,442 in 2022 dollars) in gambling losses. After a lifetime that saw him earn in excess of $100 million, Parker's estate was worth barely $1 million when he died.