1977 Almost bankrupt
 

Below a financial overview of his assets when Elvis died.
As you can see he only had 1 million dollar left in his bank savings account.

That's why Vernon accepted the financial offer to do the CBS show.
And even if Elvis would like to take a rest, he really could not, he had to keep touring from going bankrupt.

It's so amazing to see that he trusted Vernon in doing the financial
administration, while he could have talked to financial advisors for
how to invest his money best.

The result of Elvis spending too much money, poor agreements with his
manager and Vernon who had no clue about investing money, resulted in
Elvis dying in relative poverty.

He could have had 100 m $ on the bank but only had 1 m $ left !

Sad actually.

http://i229.photobucket.com/albums/e...etOverview.jpg

Greg wird sich freuen. :lol:

What I always ask to myself is, where did the people get those information copies from?
If you ask me, where I have my bank statement from 1977, I can only answer: "right down the drain!" :roll::grins:

You`re not Elvis Presley. Nobody cares about your bank account. In Elvis Case a lot of people wanted to know and still want to know, what was going on.

We had a very long discusion on this topic and it was said (mainly from Praytome) that there was much more than whats listed here.

I must say, that I don`t know. I just follow the arguments and try to get a picture.

Greg from Praytome mentioned that the rights from the songmaterial and the companies Elvis held shares from, would earn much more money than was mentioned here.

I personaly can imagine that it was possible, that the late Elvis and Vernon didn´t control the whole thing very good in the end, and that there were others who filled thier pockets better...but this is a hot topic here...can you read german? E-Cat?

Damn right, Nigga :top: :grins: :brav:

Well the whole inventory list is like 70 pages, but the bank account details is only 1 page.

Hi - The King - Yes I can read German, thanks for asking (just my writing is very poor !). Not sure why this topic was so hot ?

Ich glaube hier wurde mal sehr hitzig über das Thema debattiert :cool:, zumindest ausführlich, wenn man sich die Länge des Threads anschaut:

https://www.elvisnachrichten.de/show...ghlight=pleite

Cat, this (the link our hotchick :grins: Brandy just posted) is the thread we had..this was a heavy one...there you find the whole headake we had with this...we tried to find out what Elvis earned, where the money went and so on...I´d rather would think that maybe it really was like you just mentioned in your Posting...maybe he was nearly broke....I think it could fit in the picture quite good...

But I can`t proove my thoughts with hard facts and so I learned to keep more or less my mouth shut. One could think that the document you showed here would be proove enough, but this list was part of the monsterthread and and it didn´t end the topic...very much dynamite in this one...