Towards the end of his career, the Colonel was taking a 50% commission, which was considered completely exploitative. Elvis Presley's performance in Hawaii in 1973 was the first performance telecast via satellite to the world.
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.
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.
More still went to RCA records, sole owner of all of Elvis' music before 1973, thanks to a $5.4-million deal Parker arranged in that year. It is a deal that severed the Presley estate from the royalties for more than 700 songs and put $2.6 million in the colonel's pocket.
And in 1973, he sold the masters for all of Presley's recordings to RCA for $5.4 million. Not only was that a fraction of their worth; after Parker's cut and taxes, Presley was left with $1.35 million, most of that going to Priscilla Presley in a divorce settlement.
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 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.
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.
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.
Parker served the U.S. Army for four years (1929-1933). This alone led him to no longer being an illegal alien. Later he got married to a U.S. citizen, Marie Ross. This also provided him a legal right of residence in the United States.
He was believed to have been in debt to the Las Vegas Hilton for over $30 million at one point, which led to his eviction from the property after Elvis' death. Parker suffered a stroke in 1997, dying at a hospital in Las Vegas, Nevada after years of declining health, survived only by his second wife.
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.
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.
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.
The Upstairs Remains Off Limits
It was there, in his bathroom, that Presley's body was found on Aug. 16, 1977. 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.
The mansion and property were acquired by Elvis Presley for $100,000 in 1957. The estate was estimated to be worth between $400 to $500 million in 2020 according to Rolling Stone.
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.
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.
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 ...
Tom Parker's widow Kelsey enjoys a double date with new boyfriend Sean Boggans and pals - nearly a year after her husband's tragic death.