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[18] Neal was struggling at the time to accommodate his new client's success, and in February 1955, following a meeting with Parker, Presley agreed to let Parker take some control of future bookings and promotions. A symbiotic relationship," Hanks added. [23] Later, when Hank Snow asked Parker about the status of their contract with Presley, Parker told him: "You don't have any contract with Elvis Presley. In the 1950s, he helped Elvis Presley become a big star. [15] Eventually, Parker began getting more involved in music promotion again, this time for himself rather than the Society. . Elvis is signed exclusively to the Colonel. And the value of his estate at the time of his death in 1997? Parker's main role during these tours was to plan the logistics and make sure tickets were sold. [68] Marie died on November 25, 1986, of a chronic brain syndrome at age 78. 83 year old Colonel Tom Parker gambling in Las Vegas. This is from Despite earning over $100 million during his lifetime, at the time of his death Colonel Tom Parker was reportedly worth less than $1 million. [33] If Presley could show the world that he the same as any other young man, Parker told him, then more people would accept him and his music. Mott passed away in late 1986 at the age of 78. During the 1960s, after many years of ill health, Marie began to display signs of dementia. In 1963, Colonel Tom Parker, Elvis Presley's audacious manager who had gotten his start selling candy apples in carnivals, read in the paper that Franklin Delano Roosevelt's presidential yacht, the U.S.S. Their's was probably the most unique artist-manager relationship ever in show business, clearly one of the most successful. Austin had spent much of his fortune on partying, cars, mansions, and women, and his popularity had been eclipsed by other singers, such as Bing Crosby. Following his discharge, Parker worked at a number of jobs, including food concessions and gaming carnivals. [54], In July 1976, three of Presley's personal bodyguards and members of the "Memphis Mafia", Robert Gene "Red" West, his cousin Sonny West and David Hebler, were fired by Vernon Presley and decided to write a tell-all book about their life in his inner circle, Elvis: What Happened? While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. He also lost a big chunk of Elvis's own money. He was subsequently in "Loving You," "Jailhouse Rock," and "King Creole." Between 1969 and his death on Aug. 16, 1977, Presley played over 600 shows at the Hilton. He would call his flamboyant manager, Col. Tom Parker, and ask Parker to book another tour (Presley's average concert gross in the mid-'70s was $130,000 a night) or schedule another recording . Parker decided that Las Vegas was the perfect place to do it,[41] and on May 1, 1967, the couple were married in a ceremony that lasted only eight minutes and had a handful of guests. [14] Parker decided against registering, possibly to prevent his previous Army record from becoming public. Subsequently, Parker managed the singer's successful return to live performing, with several dates set up in Las Vegas. The contract, dated July 12, 1954, eight days after their first recording session, was signed by Presley and his parents. [14] Parker served in the peacetime army as a precondition for taking advantage of that stipulation, but he never subsequently applied to become a citizen. Parker was consequently sent to solitary confinement. This proved very lucrative, especially when the single for Presley's first film, Love Me Tender, sold over one million copies in advance sales. Parker was also afraid that any attempt to block Presley from being drafted would result in a more detailed look into his own service record. [53] Streisand's production company, First Artists, offered Presley a salary of $500,000 ($2,517,934 in 2021 dollars[11]) and 10% of the profits. The interviews of Elvis' Parents are well worth hearing too . He was previously married to Loanne Miller and Marie Frances Mott. Parker encouraged Presley to make film musicals which became the focus of his career during his commercial decline in the 1960s until his 1968 comeback and return to touring. [52] Angered by this outburst, Parker declared: "You can't fire me. He is known for Spinout (1966), Kissin' Cousins (1964) and Jailhouse Rock (1957). [15] Both Mercury Records and Columbia Records showed interest, although their initial offers were nowhere near the $40,000 requirement. Elvis was given a spot in the Louisiana Hayride, a radio show, and Colonel Parker knew that this young lad could prove to be a dark horse. Later, in 1983, Parker admitted during an interview that after 1966, the income from Presley films and soundtracks was dramatically reduced. [19][20] Part of Parker's role was to secure a new recording contract with a bigger label. Elvis Presley & Colonel Parker. Parker believed that serving in the Army would help cure Presley of his increasing waywardness and convinced him to follow through with his draft as a normal citizen. [53] Seeing it as a chance to finally be taken seriously as an actor, Presley agreed to take the role if the contracts could be worked out. [15] As Presley was still a minor, his parents had to sign the contract with Parker on his behalf. And there certainly would've been no Elvis without Colonel Tom Parker.' And when he said that, I said, 'Oh . The Dark Side Of Colonel Parker - An EIN Spotlight However, other friends and members of Presley's entourage have stood by the suggestion that Parker didn't want to admit there was such a problem because he didn't know how to deal with it, and he was also worried about any negative publicity it would create. [44] He would usually fly ahead to the venues and prepare the way for Presley's entourage to follow so that he and Presley rarely saw each other, and, as time progressed, it became even more difficult for Parker to get in contact with Presley. [9] He began to build up a list of contacts that would prove valuable in later years. 1. [53], From 1974 onward, Presley's weight gain and prescription drug abuse became too much to be controlled. [15], Parker and Neal worked together to promote Presley, using their own Hank Snow Tour to book him and tour him. After Presley passed away, Parker established a licensing deal with Factors Etc. The King supposedly earned $100 million during his limelighted lifetime, which ended 10 years ago today. Parker appeared to be in complete control during Presley's time away, but he was worried about the outside influence that . He became Presley's manager in 1955 just as . As per reports, Colonel Tom Parker's Cause of Death was revealed that he died of stroke . He realized that by keeping RCA Victor, and more importantly the public, hungry for more Presley material, he would be able to negotiate a better contract when Presley returned from active service. According to Presley's friend, Jerry Schilling, Presley was excited about the opportunity to take on a new challenge. Later in 1975, the government of Saudi Arabia offered Parker $5 million for Presley to perform there. Colonel Tom Parker passed away on January 21, 1997 at 87 years old.Colonel Tom Parker Net Worth. [68] Parker began to distance himself emotionally from her, heartbroken by her slow mental deterioration from the woman he once knew. However, that was not the case since Elvis was still under contract to Bob Neal. [69] In October 1990, Parker married Loanne Miller, his secretary since 1972. Colonel Tom Parker was best known for being the manager of Elvis Presley. And now I need to locate my wallet, because I noticed there was no ticket booth on the way in here, but I'm sure that the Colonel must have arranged for some toll on the way out. [26] Parker, with his 25% share of profits, found ways to make money from his artist that other managers before him had never thought of. Later, in 1990, Parker married his longtime secretary Loanne Miller. [15] RCA made it clear it were unwilling to go above $25,000 for a practically unknown singer,[15] but Parker persuaded them that Presley was no ordinary unknown singer. [37] After that, until 1968, Presley gave no live performances, and had very little contact with his fans. The premises had been ransacked in search of money. On March 26, 1956, after Presley's management contract with Neal expired, Presley signed a contract with Parker that made him his exclusive representative. [56] Other accounts suggest he slumped in his chair at his office, muttered, "Oh, dear God", and then quickly phoned Vernon Presley, where Parker advised Presley's father that his son's image needed to be protected. In January 1958 Presley received his draft notice from the United States Army. Col. Tom Parker dies. [37] He envisioned him as an entertainment machine, pumping out three films and soundtracks a year, until the end of the decade. Elvis Presley with manager Colonel Tom Parker as he is discharged from the Army in 1960. . Parker's net worth was estimated to be $50 million as of 1977. [44] These live performances, as well as being financially satisfying, also allowed Parker to fulfill Presley's recording contract with RCA Victor. During this part of Presley's career, Parker and Presley agreed to a 50/50 "partnership", which, with Parker controlling merchandising and other non-music related items, resulted in Parker earning more than his client. Elvis Was Not Nearly As Rich As You Might Guess When He Died. By 1980, the cost of running the estate was estimated to be as much as $500,000 a year. [60] Part of this role resulted in Parker keeping the same fourth-floor suite he occupied when Presley was alive. [52], Although many around Presley were worried about his worsening drug dependency, Parker appeared to ignore the problem. He subsequently performed at three charity events, and then suspended his live performing until 1968. He facilitated Presley's rise to superstardom in the 50s, and also influenced his decisions to accept his military draft and to marry his wife Priscilla, among other things. Colonel Tom Parker Net Worth And When He Died? [51], After the Aloha special, Parker made a deal that would later be used in court to prove that he had not acted in the best interests of Presley.