Colonel Tom Parker Net Worth

What was Colonel Tom Parker’s Web Value?

Colonel Tom Parker was a Dutch-American expertise supervisor and musical entrepreneur who had a web value of $1 million on the time of his demise in 1997. Colonel Tom Parker was greatest identified for being the supervisor of Elvis Presley. He facilitated Presley’s rise to superstardom within the 50s, and likewise influenced his choices to just accept his army draft and to marry his spouse Priscilla, amongst different issues. Following an investigation within the early 80s, a decide dominated that Parker’s administration of Presley had been unethical.

Lack of Wealth

Regardless of incomes over $100 million throughout his lifetime, on the time of his demise Colonel Tom Parker was reportedly value lower than $1 million. He additionally reportedly had as a lot as $30 million value of playing money owed at varied instances in his life. He additionally misplaced a big portion of Elvis’ private wealth. On the time of Elvis’ demise, he was value simply $5 million, a comparatively modest quantity contemplating his huge stage of success and fame.

EarlyLife

Colonel Tom Parker was born as Andreas Cornelis van Kuijk on June 26, 1909 in Breda, Netherlands because the seventh of 11 kids of Adam and Maria. Rising up, he labored as a carnival barker in his hometown. When he was 15, Parker moved to Rotterdam, the place he labored on boats. A couple of years after that, he illegally entered america by leaping ship from the boat of his employer. Parker then returned to the Netherlands earlier than going again to the US when he was 19, once more illegally. There, he labored at carnivals.

army service

Parker enlisted within the US Military shortly after his return to America. To cover that he was an unlawful immigrant, he adopted the identify Tom Parker, which was the identify of the officer who interviewed him. For 2 years he served within the 64^th Coast Artillery at Fort Shafter in Hawaii; he then re-enlisted at Fort Barrancas in Florida. Nonetheless, after his re-enlistment, he went AWOL and was charged with desertion. Parker was consequently despatched to solitary confinement. When he got here out, he suffered from a psychosis that led to a short keep at a psychological ward, inflicting him to be discharged from the Military.

Profession Beginnings

After being discharged, Parker returned to carnival work, working as a carnie with Royal American Exhibits from 1931 to 1938. Following this, he entered the music business as a music promoter. The primary main artist with whom he labored was common crooner Gene Austin. Throughout this time, Parker additionally served as a area agent for the Hillsborough County Humane Society, serving to to lift funds and consciousness for its work. Returning to music, he started managing such singers as Eddy Arnold and Tommy Sands.

Elvis Presley within the 50s

In 1955, Parker and Memphis radio character Bob Neal started selling the younger up-and-coming singer Elvis Presley. Whereas Neal was initially the singer’s official supervisor, Parker was the one most concerned in working Presley’s profession. Quickly, he secured Presley a document cope with RCA Victor. Following this, Neal selected to not renew his administration contract with Presley, leaving Parker because the singer’s sole supervisor. In 1956, Presley was launched to superstardom with the discharge of his first single for RCA Victor, “Heartbreak Lodge.” To additional enhance his profile, Parker organized for him to look on such common tv applications as “The Ed Sullivan Present” and “The Milton Berle Present.” Presley’s star continued to rise as Parker signed a merchandising cope with Hank Saperstein to totally commoditize the younger singer.

Answering Presley’s need to look in movies, Parker was in a position to safe him a seven-picture contract with Paramount Footage. Presley went on to star in “Love Me Tender,” which spawned his eponymous hit single. He was subsequently in “Loving You,” “Jailhouse Rock,” and “King Creole.” In 1958, Presley obtained his draft discover from the US Military. Parker believed that serving within the Military would assist treatment Presley of his rising waywardness, and satisfied him to enlist. With Presley serving in West Germany, Parker did all the things he may to maintain the singer’s identify on everybody’s lips, as he apprehensive that Presley would fade within the public eye.

Elvis Presley within the 60s and 70s

Upon his return from the Military, Presley appeared on Frank Sinatra’s tv present. He subsequently carried out at three charity occasions, after which suspended his stay performing till 1968. Throughout this time, Parker secured him long-term offers with movie studios. Presley went on to star in 27 movies through the decade, together with “GI Blues,” “Wild within the Nation,” “Blue Hawaii,” “Viva Las Vegas,” “Paradise, Hawaiian Model,” “Clambake,” and “Change of behavior.” Though the movies have been worthwhile, Presley complained concerning the high quality of the scripts. In the meantime, his profession started stagnating because the British invasion took over america. To garner Presley new publicity and to assist tame his wild impulses, Parker had him marry Priscilla Beaulieu, who had been dwelling with Presley for 4 years already.

In 1968, Presley achieved renewed fame when he starred within the NBC tv particular “Elvis.” then, Parker managed the singer’s profitable return to stay performing, with a number of dates arrange in Las Vegas. Parker then managed a sequence of extremely profitable excursions for Presley. In 1973, Parker had one among his biggest coups with Presley’s “Aloha from Hawaii” live performance, which was broadcast worldwide from Hawaii. Following this, Presley’s profession declined drastically as he turned more and more reliant on prescribed drugs. Though Parker occasionally noticed Presley over the following years, he remained his supervisor till Presley’s passing in 1977.

Submit Elvis

After Presley handed away, Parker established a licensing cope with Components And so forth. to regulate the singer’s merchandise. He additionally labored to keep up Presley’s property, which was estimated to have price round $500,000 a 12 months in maintenance.

Within the early 80s, an investigation was launched into Parker’s administration of Presley. Lawyer Blanchard E. Tual concluded that Parker’s deal of taking 50% of the singer’s earnings was extortionate, because the business customary was nearer to 15-20%. Moreover, Tual decided that Parker’s dealing with of Presley’s enterprise affairs was unethical. A go well with between Parker and the Presley property was settled out of court docket in 1983.

Private Life and Loss of life

Whereas working within the circus in 1935, Parker and Marie Francis Mott. The pair labored collectively at carnivals early on earlier than Parker’s profession in administration took off. Within the 60s, Mott began displaying indicators of dementia, inflicting Parker to distance himself from her and discover refuge in playing. Mott handed away in late 1986 on the age of 78. Later, in 1990, Parker married his longtime secretary Loanne Miller.

By his closing public appearances in 1994, Parker was affected by quite a lot of well being issues corresponding to style and diabetes. In early 1997, he handed away from a stroke in Las Vegas on the age of 87.