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Thread: How rich was Elvis?

  1. #1
    Cadillac King GirlHappy19's Avatar
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    How rich was Elvis?

    Elvis Presley: Money makes sexy
    How rich was the King of Rock?

    By B.John Zavrel





    Elvis at the age of 20 years. The big earning started. The good-looking singer found out soon: Money makes you s


    New York / Berlin (bpb) Elvis Presley used to joke in his young years: "Money makes you sexy". This was at the time when he was already earning well, but not extremely much. During his service in the Army in Europe, Elvis refused in interviews questions regarding his wealth. "You are really rich only if you are happy in your family, and have true friends", Presley once said the reporter Joe Bodenstein in 1958.

    Elvis Presley was born into a financially poor family, but his surroundings in the childhood years were full of spirituality and religious life. His good earning began when Colonel Tom Parker started to manage the boy. Elvis absolutely dependend on him, and most of the time he did what he was told. On the other hand, Parker was the best for the future superstar. At the end they depended on each other. The hard-working Elvis became very rich due to his talent and the commercial abilities of the Colonel. He always took 25 percent of what Elvis Presley received.

    This is proven with a bill dated November 21, 1955. Elvis signed the receipt for $ 4,500. He was 20 years old, and very proud to be able to give financial support to his parents. In this case, the Colonel earned an additional 1,500 for himself. The document, written on the notepaper of Hotel Peabody in Memphis, Tennessee, was found in the Elvis Presley Archive



    No one should be jealous of Presley's earnings. One should consider that during his entire career he had to provide for his parents and family, for Colonel Parker and all the uncounted members of his crew. For a superstar, the daily living becomes also very expensive. And who knows about Presley's real life off the stage? He had private problems as all people have, felt many times lonely and his sex life was not as glamorous one would think. The Hollywood legend Zsa Zsa Gabor (Hungary) said, "It is better to cry in a Cadillac, than to cry about not having any money." Due to his religious education by his beloved mother Gladys Love Smith, Elvis Presley was thankful to God for his destiny. At the end, one must say: Elvis paid a high price for all what has happened in his life, in his career and in his own family, when his wife Priscilla asked for divorce. Until his death, he never found peace.
    Last edited by GirlHappy19; 08-14-2007 at 05:24 PM.
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  2. #2
    Resident SP! Tony Trout's Avatar
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    Quote Originally Posted by GirlHappy19 View Post
    Elvis Presley: Money makes sexy
    How rich was the King of Rock?

    By B.John Zavrel





    Elvis at the age of 20 years. The big earning started. The good-looking singer found out soon: Money makes you s


    New York / Berlin (bpb) Elvis Presley used to joke in his young years: "Money makes you sexy". This was at the time when he was already earning well, but not extremely much. During his service in the Army in Europe, Elvis refused in interviews questions regarding his wealth. "You are really rich only if you are happy in your family, and have true friends", Presley once said the reporter Joe Bodenstein in 1958.

    Elvis Presley was born into a financially poor family, but his surroundings in the childhood years were full of spirituality and religious life. His good earning began when Colonel Tom Parker started to manage the boy. Elvis absolutely dependend on him, and most of the time he did what he was told. On the other hand, Parker was the best for the future superstar. At the end they depended on each other. The hard-working Elvis became very rich due to his talent and the commercial abilities of the Colonel. He always took 25 percent of what Elvis Presley received.

    This is proven with a bill dated November 21, 1955. Elvis signed the receipt for $ 4,500. He was 20 years old, and very proud to be able to give financial support to his parents. In this case, the Colonel earned an additional 1,500 for himself. The document, written on the notepaper of Hotel Peabody in Memphis, Tennessee, was found in the Elvis Presley Archive



    No one should be jealous of Presley's earnings. One should consider that during his entire career he had to provide for his parents and family, for Colonel Parker and all the uncounted members of his crew. For a superstar, the daily living becomes also very expensive. And who knows about Presley's real life off the stage? He had private problems as all people have, felt many times lonely and his sex life was not as glamorous one would think. The Hollywood legend Zsa Zsa Gabor (Hungary) said, "It is better to cry in a Cadillac, than to cry about not having any money." Due to his religious education by his beloved mother Gladys Love Smith, Elvis Presley was thankful to God for his destiny. At the end, one must say: Elvis paid a high price for all what has happened in his life, in his career and in his own family, when his wife Priscilla asked for divorce. Until his death, he never found peace.


    What this article fails to mention is that after 1967 the greedy ******* Colonel Tom Parker (via catching Elvis at a 'weak point' due to a fall from which Elvis suffered a concussion shortly before the beginning of filming "Clambake") took 50% of Elvis's earnings!! That's just outrageous!!!

  3. #3
    Mad Tigers
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    If you think of it this way he sold over a BILLION RECORDS. He made a lot of money, If he didnt have alot of money it was because he spent so much. Even
    when he was doing all those movies he was making a million dollars per film. Plus a nice portion of the films gross profit before any thing was taken out he got his percentage. That made him the highest payed movie star at that time. When your making 2 or more films a year not to bad.

  4. #4
    Elvis was so gifted with his astounding voice, physical beauty, and generosity, he enriched the World.


    Monetary wealth fades into insignificance in comparison.

  5. #5
    TCB Mafia Raised on Rock's Avatar
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    I read once, correct me if a I'm wrong, that in 1965 Elvis was the highest earing person in the show business, no other movie star neither any other person in music Pop or Rock earned more than him.

    But that was just about his income, about his fortune, in terms of cash, he never figurated in the same way becasue he never really had a clue about what saving was, so between Harleys, cars, clothes, gifts, traveling to Hawaii, and donations to charity, he never had that much in the bank, but that's cool I guess I'll be the same.

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    TCB Mafia Princess franny's Avatar
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    Elvis was very giving and generous with his money, from giving away cadillacs, buying homes, as he did for Jerry Schilling, but also the Colonel did get half of what he made...did that go for everything Elvis made or just movies and concerts...

    franny

  7. #7
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    That went for everything and more. Colonel had side deals going on, not forgetting having his gambling debts cleared at Venunes.....*cough* Las Vegas Hilton.
    The Sun Never Sets On A Legend...

  8. #8
    TCB Mafia KPM's Avatar
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    After Elvis died in one of the tabloid special issues the title of one article was:
    "40 Billion Generated in Lifetime" but it was not what he made alone it was how much everyone involved made(movie studios, record company,merchandising, and naturally what Elvis and the Col made) in his show biz career. I
    I read he did not have a premium royalty rate in the 60s the COl. should have kept up with what the Beatles, Stones, were getting per record because Elvis could have been getting their rates. He was #2 for record sales in the 60s(behind the Beatles) according to Billboard. So he should have had the royalty rate of the top groups. Parker did much better on the movie end and Elvis I think was the first, or one of the first, to get the 50% of the share of profits. Elvis was not into tax shelters or big investments which most stars today use. I've read the IRS actually did his taxes each year, not sure if that was wise but at least he never was hit by an IRS suit like many- Chuck Berry, Jerry Lee, Fats Domino, Willie Nelson etc.

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