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Elvis Presley's 1974 Finances Reveal Large Profits and High Spending
A federal judge compelled Elvis Presley to disclose 1974 earnings, expenses, and taxes. The unaudited figures show $7.27 million gross, $1.49 million net after taxes, with $2.64 million starting and $1.93 million ending balances. Major costs include $1.72 million to Colonel Parker and $600,000 in jewelry purchases. The report notes heavy touring income, minimal royalties, and mounting debt as Presley faced mounting personal and legal pressures.
MENTIONED IN THIS ARTICLE
Presley
IRS
Tom Parker
Elvis
Memphis
Rhea and
Ivy
Lowell Hays
Hays
Vernon
Cummins
Graceland
Bodsguard
Vegas
Convair
Indianapolis
Parker
Dr. Ghanem
London
Presley Presley
Las Vegas
Las Vegas Hilton
Rex Humbard
Linda Thompson