Elvis Presley earned more than one billion dollars during his career … so why was his estate worth only about ten million dollars when he died? How did things get even worse for his heirs afterwards?
This is installment #6 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.
There can be no doubt that Elvis Presley truly earned his nickname as the King of Rock ‘n’ Roll. His lifetime earnings topped one billion dollars over his 25-year career — especially impressive considering this came in the 50’s, 60’s, and 70’s.
Celebrity Legacies Preview On The Elvis Presley Estate
Some of Elvis’ financial success is attributed to his manager and promoter, Colonel Tom Parker. He helped Elvis secure unprecedented movie deals — paying him top dollar Read more...