LOST loot gullible Elvis Presley gifted to his greedy manager Col. Tom Parker is going on the auction block, including a $500,000 diamond ring and a $750,000 Hagstrom V-2 guitar.
While most managers get between 10 and 20 percent from clients, Parker notoriously ripped off more than half of Elvis' mega-earnings an estimated $100 million - before The King died at 42 in 1977.
But the illegal Dutch immigrant gambled the cash away and owed $30 million to Vegas casinos. He was worth only $1 million when he died from a stroke at 87 in 1997.
This story is from the August 22, 2022 edition of Globe US.
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This story is from the August 22, 2022 edition of Globe US.
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