Dolly Parton, the legendary country icon, is not just a musical powerhouse; she’s a financial force to be reckoned with.
With a net worth of $650 million, Parton’s wealth is a testament to her multifaceted career spanning music, acting, songwriting, and business ventures.
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At the heart of her financial empire is the iconic song “I Will Always Love You,” a hit that topped the Billboard country music chart in March 1974.
While widely perceived as a love song, Parton originally penned it as a farewell to her professional partner, Porter Wagoner.
Several reports state that the song has generated over $20 million in royalties for Parton, showcasing its enduring popularity.
Whitney Houston’s 1992 cover of the song for “The Bodyguard” soundtrack propelled it to new heights, spending 14 weeks atop the Billboard chart.
Parton, reflecting on Houston’s rendition, invested some of the song’s earnings in a Nashville neighborhood, emphasizing her connection to Whitney’s legacy.
Parton’s financial success extends beyond “I Will Always Love You.”
With 41 top-10 country albums, 25 No. 1 singles, and over 100 million solo albums sold, she continues to be a dominant force in the music industry.
Her entire song catalog, which is said to contain more than 3 thousand songs, is estimated to be worth more than $150 million.
Parton’s estimated annual income, mostly coming from her song royalties is said to be over $85 million.
Owning her life’s work has been a strategic move for Parton since launching her music publishing company in 1966.
Dolly Parton’s net worth is a reflection of her diverse ventures.
Beyond music, she has excelled in acting, with roles in classics like “9 to 5” and “Steel Magnolias.”
Her business acumen extends to fragrance, with “Scent From Above,” and the famed amusement park, Dollywood.
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Source: Los Angeles Times
