Did Elvis Presley make money by touring?

Elvis Presley made a significant amount of money from his tours. In the early 1960s, his concerts were among the most lucrative in the world, and he frequently sold out arenas and stadiums at a time when large-scale live performances were less common.

For instance, in 1961, Presley's performance at the Louisiana State University stadium in Baton Rouge alone grossed over $250,000 ($2.2 million in today's money). That same year, his tour's total revenue exceeded $1.2 million ($10.5 million today), making him one of the highest-paid performers of his time.

Elvis's manager, Colonel Tom Parker, was known for negotiating lucrative deals with concert promoters, securing millions in revenue for Presley and his team. Additionally, Presley's performances often coincided with merchandise sales, film releases, and other revenue-generating ventures, contributing further to his earnings.

Although the financial figures vary, it is widely acknowledged that Elvis Presley was one of the highest-paid and most successful touring musicians of his era, setting the stage for future musicians to achieve significant financial success through their live performances.