He was punished with solitary confinement, from which he emerged with a psychosis that led to him spending two months in a mental hospital,[4] and he was discharged from the Army because of his mental condition. He said 'Did I really?' Elvis Presley shot to stardom as a rock 'n roll legend, a legacy that still continues almost 50 years after the King's death. [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. But Col Thomas Andrew Parker - the all-American father figure - wasn't the first to discover Elvis. We welcome all corrections and feedback using the button below. Following this, Presley's career declined drastically as he became increasingly reliant on prescription drugs. 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. [39] When Presley complained to him that he wanted better scripts, Parker reminded him of his lavish lifestyle and that risking $1 million a year for doing practically no work was dangerous. Date of Birth: Jun 26, 1909 - Jan 21, 1997 (87 years old) Place of Birth: Breda, Netherlands. However, that was not the case since Elvis was still under contract to Bob Neal. Parker's net worth when he died was $1 million. Loanne was born on July 11, 1935 in Covington, Ohio to Paul E. an [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. He . [59] Experts in the field at the time estimated that it had potentially cost Presley millions of dollars[59] and worse for Parker, it had also potentially cost him those millions of dollars. For all intents and purposes, this should have made Elvis Presley a very wealthy man, yet when he passed away in 1977, the King was down to his last $1million and prior to his death The Colonel . The King of Rock 'n' Roll's only daughter inherited his iconic Graceland estate and was once married to Michael Jackson and Nicolas Cage - but now she's reportedly US$16 million in debt He also reportedly had as much as $30 million worth of gambling debts at various times in his life. Later, in 1983, Parker admitted during an interview that after 1966, the income from Presley films and soundtracks was dramatically reduced. In May 1973, in an attempt to deal with Presley's growing dependence on prescription drugs, Presley's father, Vernon, and Parker attempted to cut off his supply. 2. Returning to music, he began managing such singers as Eddy Arnold and Tommy Sands. How Colonel Tom Parker built his net worth. 26 Jun 1909. Colonel Tom Parker's House. [4] He enlisted in the United States Army a few months later, taking the name "Tom Parker" from the same name of the officer who interviewed him, to disguise the fact he was an illegal alien. He subsequently performed at three charity events, and then suspended his live performing until 1968. In any case, Parker remained Presley's manager without a break until Presley's death in 1977. [16] He arranged live appearances and became something of a father figure to the then-15-year-old Sands. [15] However, Parker remained involved in many of Arnold's live tours and demanded a buyout of $50,000 (US$506,405 in 2021 dollars[11]) to settle their contract. . No, Elvis didn't fire the Colonel from the stage at Las Vegas in real life. But the Colonel quickly got to work, starting as Elvis' advisor before they signed a contract giving him sole rights . According to Presley's biographer Peter Guralnick, Presley and Parker "were really like, in a sense, a married couple, who started out with great love, loyalty, respect that lasted for a considerable period of time, and went through a number of stages until, towards the end of Presley's life, they should have walked away. He died on 21 January 1997 in Las Vegas, Nevada, USA. Cremated. While the film shows Elvis firing his manager during a show after realising he's being deceived by the Colonel, this is not what happened in real life. [56] At the funeral, he persuaded Presley's father to sign over control of Presley's career in death to him. Burial. By this time, Parker was aware that Presley needed a rest from touring and the chance to deal with his prescription drug addictions. [33] He had arranged for Presley to record five singles before his induction,[35] guaranteeing RCA Victor enough material to release over a two-year period. Parker privately acknowledged his brother and even introduced him to Presley. After Parker's death in 1997, the home was used as a law . Col. Tom Parker, 87, a onetime carnival pitchman who shrewdly guided singer-actor Elvis Presley's career for 22 years, died here Jan. 21 after a stroke. "[24], With his first RCA Victor single, "Heartbreak Hotel", in 1956,[25] Presley became a recording star. [55] According to Presley's friend, Larry Geller, Parker secretly wanted the book to be published, hoping that it would help Presley realize the severity of his situation and persuade him to do something about it. [60] Part of this role resulted in Parker keeping the same fourth-floor suite he occupied when Presley was alive. [50] In later years, several of Presley's inner circle would tell of how difficult it was to persuade Presley to quit the drugs. Parker did not appear to care if the films were good or bad but only about the profits. [33] He also realized that it would be a great opportunity to promote Presley by having the media witness his induction day, including the Army haircut that would see the most famous hair style in the world destroyed.[33]. and he was hired as a hotel consultant for $50,000 per year (323,906 in 2021 dollars). Asked by a journalist what he would do now, Parker responded: "Why, I'll just go right on managing him! Nearly as legendary as his famous client was Colonel Tom Parker, Elvis Presley's manager. In 1980, a judge ordered an investigation into Parker's management practices and found that Parker's management had been unethical. He died of complications from the stroke[72] the following morning at a hospital in Las Vegas, Nevada, at age 87. Parker was able to receive more than half of the income from the enterprise, an unprecedented figure for a music manager. The next morning he died from complications of the stroke at a hospital in Las Vegas, Nevada, at age 87. [29], Despite this setback, Presley was still going from strength to strength. [16] He suggested to Sholes that Sands could record material similar to Presley's style. Colonel Tom Parker passed away on January 21, 1997 at 87 years old.Colonel Tom Parker Net Worth. [33] Parker had seen many acts come and go during his earlier years in management, and felt that it would be foolish to believe that Presley, despite being Parker's most successful act to date, would be any different. But as time went on, as the Beatles began their dominance of the music charts and the worldwide phenomenon known as Beatlemania began, Presley became less significant. 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. According to Biography, Presley's father let Colonel Tom Parker have the run of things for two more years, but after the elder Presley also died in 1979, things got complicated for the manager. What was his net worth in 2022? [53] Yet, despite Presley's eagerness to do the shows, Parker again turned them down. On January 20, 1997, Parker's wife heard a crashing sound from the living room, and found him slumped over in his chair after having a stroke. With Parker's help, Presley signed a recording contract with RCA Victor, leading to his commercial breakthrough in 1956 with his sixth single "Heartbreak Hotel" and propelling him to become one of the most popular and commercially successful entertainers in the world. In addition to its considerable value, the estate of Elvis . He had booked Presley into a four-week Las Vegas engagement, misjudging the reaction of the slightly older, more reserved audiences that Las Vegas attracted. [12] Despite having sold over 86 million records since 1924 and earning over $17 million, Austin's career was at a low point. [49] Seeing the chance to publicize Presley's charitable nature once again, Parker eagerly agreed. [4] A year later at 18, with enough money to sustain him for a short period, he entered America illegally by jumping ship from his employer's vessel. [5] However, Judge Joseph Evans, aware that Lisa Marie Presley was still a minor, appointed attorney Blanchard E. Tual to investigate Parker's management. [13] Instead, Parker decided to stay in Temple Terrace, Florida, with his family, perhaps to avoid having to submit paperwork that could expose his illegal status. James L. Dickerson's book "Colonel Tom Parker: The . . [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. Elvis' estate, on the other hand, reportedly owed the Las Vegas . Breda, Breda Municipality, Noord-Brabant, Netherlands. [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. The 30th Anniversary of the revelation to Elvis' estate that Colonel Parker was still fleecing his client. [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. [16] Parker had intended to mold Sands into the next Roy Rogers, but Sands had no interest in such a plan. But he had less than $750,000 in his savings account when he died, and his estate was valued at less than $10 million. Just the opposite. He is known for Spinout (1966), Kissin' Cousins (1964) and Jailhouse Rock (1957). He arranged for Presley to appear on popular television shows, such as The Milton Berle Show and The Ed Sullivan Show, securing fees that made Presley the highest-paid star on television. His Dutch birthplace and immigrant status were not revealed for many years. Elvis Presley was only 42 years old when he died on August 16, 1977 (via History). Later, Davis says "He remembered me, and he said 'I told you you were going to be a star.' [72], His funeral was held at the Hilton Hotel and was attended by a handful of friends and former associates, including Eddy Arnold and Sam Phillips. [4], In 1935, Parker married 27-year-old Marie Francis Mott. [15], Parker and Neal worked together to promote Presley, using their own Hank Snow Tour to book him and tour him. In 1969, she was an employee of the International Hotel when Elvis made his record-breaking performances there. The 30th Anniversary of the death of Elvis' father, Vernon Presley. This led Parker to insist that films be made cheaply, on a strict schedule, and with as little hassle as possible. He said 'Well then there ain't no doubt about it. I said 'Yeah'. Presley's career stagnated while artists like the Beatles, the Rolling Stones, and The Beach Boys dominated the charts. [52] After nearly two weeks of trading insults back and forth, Parker and Presley decided to continue to work together. Parker enlisted in the US Army shortly after his return to America. [12] He was a successful promoter, but he wanted to move into management.[12]. Presley went on to star in "Love Me Tender," which spawned his eponymous hit single. Lisa Marie inherited Elvis' whole estate on her 25th birthday on February 1, 1993. He was one of the most influential voices in the industry. Parker's net worth was estimated to be $50 million as of 1977. Elvis is signed exclusively to the Colonel. He left the estate to his father, Vernon Presley, and Lisa Marie. Inc.[4] However, because Parker was still entitled to 50% of all Presley's income, and after taxes were taken off, the overall amount going towards the upkeep of the estate was less than $1 million a year.[4]. [52], Although many around Presley were worried about his worsening drug dependency, Parker appeared to ignore the problem. Colonel Tom Parker was born as Andreas Cornelis van Kuijk on June 26, 1909 in Breda, Netherlands as the seventh of eleven children of Adam and Maria. Parker managed his career with an iron fist. This deed on the part of Vernon and Gladys Presley marked a permanent separation of Elvis from his mother, and as Elvis was a classic "mama's boy". In the 1950s, he helped Elvis Presley become a big star. [37] After that, until 1968, Presley gave no live performances, and had very little contact with his fans. Parker then managed a series of highly successful tours for Presley. [53] Hulett's company had managed tours for Presley, and he had worked with artists such as Led Zeppelin. Colonel Tom Parker was born in Breda, North Brabant, Netherlands in June 1909 and passed away in January 1997. Due to his years of excessive spending and being bilked by his manager, Colonel Tom Parker, Elvis' estate was . In 1977, Elvis died of a heart attack at only 42. After all the money he took from Elvis???? This was, with hindsight, a mistake on his part; if he had negotiated each deal separately based on the profits of the previous film, he could have received more money. [10] Parker later said that at times they had had to live on as little as $1 a week (US$20 in 2021 dollars). [41], On January 2, 1967, Parker re-negotiated his managerial/agent contract with Presley, persuading him to increase Parker's share from 25% to 50% on certain transactions. In 1956, Presley was launched to superstardom with the release of his first single for RCA Victor, "Heartbreak Hotel." [32], In 1957, Parker finally managed to give Tommy Sands his big break by arranging for him to audition for and star in The Singin' Idol, a drama for NBC that was loosely based on the life and career of Presley. Parker was consequently sent to solitary confinement. [36] If Parker had had any doubts about his return, they were soon gone when he witnessed the turnout along the route. Parker made his last public appearances in 1994. [14] Parker decided against registering, possibly to prevent his previous Army record from becoming public. The Tom Hanks Tom Parker portrayal was a shocking one. She said she was at home with him when he had his stroke. [18] A one-year management contract with Presley provided Moore with a 10-percent commission, which Moore said he never took. [68] From then on, he continued living in Las Vegas, mostly avoiding contact with the press. In 1935, while travelling with a circus, Parker met and married 27-year-old Marie Francis Mott. [56] Shortly afterward, he traveled to Memphis for Presley's funeral. In January 1958 Presley received his draft notice from the United States Army. Parker served two years in the 64th Coast Artillery (United States), at Fort Shafter, in Hawaii, and shortly afterwards re-enlisted at Fort Barrancas, Florida. [15], In 1948, Parker received the honorary rank of colonel in the Louisiana State Militia from Jimmie Davis, the governor of Louisiana and a former country singer, in return for work Parker did on Davis's election campaign. ", "Photos: Elvis Presley and Colonel Tom Parker", https://www.elvis.com.au/presley/a-new-light-on-colonel-tom-parker.shtml, "A Larger-Than-Life Look at a Larger-Than-Life Star", "Meet the Fifth (Jewish) Beatle Manager Brian Epstein", "The All American Boy: Enter Elvis and the rock-a-billies", Tom Parker collection and interviews with co workers, ED Bonja Interview Elvis Photographer - the Elvis Information Network exclusive. [21] In return for a larger financial stake in the deal, Neal agreed not to renew his management contract with Presley after it expired in March 1956,[22] allowing Parker the opportunity to claim the job for himself. But behind the music, behind th. His origins were steeped in mystery. Tom was born Andreas Cornelis van Kuijk in the Netherlands on June 26, 1909, but emigrated illegally to the United States when he was 20. Family of Utah law student, 25, say they found out from NEWS REPORTS that he'd been shot dead by cops 'after becoming non-compliant during traffic stop because his BMW didn't have license plate' Blues," "Wild in the Country," "Blue Hawaii," "Viva Las Vegas," "Paradise, Hawaiian Style," "Clambake," and "Change of Habit." . [15] As Presley was still a minor, his parents had to sign the contract with Parker on his behalf. It took a probate court to remove Parker and his 50% fee from future dealings. Colonel Tom Parker net worth: Colonel Tom Parker was a Dutch American talent manager who had a net worth of $1 million at the time of his death in 1997. The claim of Parker's Dutch heritage was publicly confirmed when Parker unsuccessfully tried to avert a lawsuit brought against him in 1982 by asserting in open court that he was a Dutch citizen. In November, Parker and Snow persuaded RCA to buy Presley out from Sun for $40,000, and on November 21, Presley's contract was officially transferred from Sun Records to RCA Victor. There, he worked at carnivals. Parker made several attempts to have it stopped, but failed to do so. [59] Due to an ill-advised agreement between Parker and Presley that gave RCA sole ownership of all his recording royalties prior to 1973, the estate was relying heavily on the income from Factors Etc. Additional Crew: Spinout. The pair worked together at carnivals early on before Parker's career in management took off. This is because Elvis' manager, Colonel Tom Parker, had previously arranged a deal to sell those to RCA for $5.4 million, out of which only $1.35 million went to Elvis after Parker's 50% fee and income taxes. He had expressed interest in making films when he first met Parker, and now Parker was working to make that happen. [68] Parker began to distance himself emotionally from her, heartbroken by her slow mental deterioration from the woman he once knew. Parker then returned to the Netherlands before going back to the US when he was 19, again illegally. [37] He allowed him to perform three live shows in 1961, all charity events, two in Memphis and one in Hawaii. Inc, to control Presley merchandise and keep a steady income supporting his estate. The majority of Elvis's reported net worth at the time of his death was comprised of royalties from record sales, publishing, film and concert tickets. [16] Soon after, Sands' song "Teen-Age Crush" reached number 2 on the pop charts, eventually selling 800,000 copies. In the 60s, Mott started showing signs of dementia, causing Parker to distance himself from her and find refuge in gambling. Parker hoped that marriage would not only boost Presley's career but also possibly tame him. Despite earning over $100 million during his lifetime, at the time of his death Colonel Tom Parker was reportedly worth less than $1 million. https://en.wikipedia.org/w/index.php?title=Colonel_Tom_Parker&oldid=1141644408, This page was last edited on 26 February 2023, at 02:32. [44] These live performances, as well as being financially satisfying, also allowed Parker to fulfill Presley's recording contract with RCA Victor. [18] According to Moore, Presley agreed to take 50 percent, with Moore and Black splitting the other 50 percent. [15] Parker and Snow eventually formed Hank Snow Enterprises and Jamboree Attractions, a successful promotional outfit for up-and-coming country singers. Held at a Hilton Hotel, his funeral was attended by the likes of Sun Records boss Sam Phillips and Parker's former client . The singer was raking in cash hand over fist from these engagements, but he found them artistically . You tell everybody the Colonel touched your head." This proved very lucrative, especially when the single for Presley's first film, Love Me Tender, sold over one million copies in advance sales. [43] A breakfast reception was arranged, taking place after the media got their photographs of the couple. The two had become almost strangers, and false reports in the media suggested that Presley's contract was up for sale. He also lost a large portion of Elvis' personal wealth. 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. [4] At age 17, he first displayed signs of wanting to run away to the United States to "make his fortune". to control the singer's merchandise. [15], Parker immediately went to work to find a new label for Presley. [15] Presley had been at Sun Records since the beginning of his career, but Sam Phillips, the owner of Presley's current label, was aware that to have any kind of a successful future Presley would need the backing of a much larger label. 2023 Celebrity Net Worth / All Rights Reserved. "There would have been no Elvis without Colonel Tom Parker; there would have been no Colonel Tom Parker without Elvis. [60] In 1993, interest in Presley's enduring legend, interest that is sometimes notable for its obsessiveness, provoked Parker to remark: "I don't think I exploited Elvis as much as he's being exploited today. A large part of Tom's net worth he made from his Salary as a Colonel. [26] By the summer Presley had become one of the most famous new faces of the year, causing excitement among the new teenage audience and outrage among some older audiences and religious groups. The Amazing ComebackOf Colonel Tom Parker. . [53] They discussed the possibility of Presley's co-starring with Streisand in a remake of the film A Star Is Born. Although the films were profitable, Presley complained about the quality of the scripts. LOANNE PARKER Loanne Miller Parker, long-time resident of Las Vegas and widow of Elvis Presley manager Colonel Tom Parker, Dies at 84. Then she was hired on as Elvis' tour secretary and traveled . [60] On the surface, however, relations between the two were as good as ever, with Parker helping the Hilton to commemorate the tenth anniversary of Presley's death. 1. [55] Worried about the impact such details might have on his career, Presley, through his father, asked Parker to stop the publication. By the time Elvis died, the "Can't Help Falling In Love" singer's estate was in poor condition with only about $5 million. [33] A suit between Parker and the Presley estate was settled out of court in 1983. Colonel Tom Parker was best known for being the manager of Elvis Presley. In the early days of their marriage, Marie and Parker worked together in the carnivals. While working in the circus in 1935, Parker wed Marie Francis Mott.