Elvis Left His Finances To His Manager
Colonel Tom Parker became Elvis’s manager. Trusting him implicitly, the King paid his manager unusually large amounts: Tom’s salary was comprised of a whopping half of the proceeds from Elvis’s films and recordings, as well as a third of the income earned from his live performances.
All of this was possible because Elvis was more concerned with his music than his finances. In fact, it is said that he hated the business side of being a rock star, routinely signing contracts and agreements without even reading them or consulting someone else.