She has definitely worked from 9 to 5 over the years.
And Dolly Parton built an estimated $350 million net worth through her extensive catalog of publishing rights and her own Tennessee theme park, which she co-founded 35 years ago.
The 75-year-old icon continues to build on her business senses after signing a deal with IMG in 2019 to expand her brand into consumer products after an already successful decades-long career.
Queen: Dolly Parton built an estimated net worth of $350 million through her extensive catalog of publishing rights and her own Tennessee theme park, which she co-founded 35 years ago; seen in 2019
Forbes revealed that Dolly’s greatest asset is her theme park in Pigeon Forge, Tennessee, which she co-founded in 1986.
The amusement park is the largest tourist attraction in the state, providing nearly 4,000 jobs, making it the largest employer in the community.
The publication also estimated that Dolly’s music catalog alone makes up “a third” of her net worth, at $150 million.
Her library of over 3,000 song credits — including Jolene and 9 to 5 — is estimated to bring in between $6 and $8 million a year.
Giving Back: On an episode of Watch What Happens Live, Parton was asked by a fan what was the “best thing you bought or invested in with money from your I Will Always Love You royalties”
Parton originally recorded I Will Always Love You in 1974, although Whitney Houston recorded her version for the 1992 hit film The Bodyguard, in which she starred with Kevin Costner.
‘Like Whitney’ [Houston’s version] came, I made enough money to buy Graceland,” she said Country music television in 2006.
On a recent episode of Watch What Happens Live, Parton was asked by a fan what was the “best thing you bought or invested in with money from your I Will Always Love You royalties.”
Parton replied, “I bought my large office complex in Nashville,” adding that it was “the black part of town” “off the beaten path.”
Dolly noted that the strip mall was the “perfect place for me to be,” adding that the local demographic was mostly black families.
“It was great,” she said. “I just thought I’d be down here with her people who are my people too and so I’m thrilled I spent that money on a complex and I think this is the house Whitney built”
“It was great,” she said. “I just thought I’d be here with her people, who are my people too, and that’s why I’m thrilled that I spent that money on a complex and I think this is the house Whitney built.”
She said Music Week in December, she considered selling her catalog and “making a lot of money for it.”
“I’ve had my own publishing house for years and years, and as an active songwriter I still write all the time,” Parton said. “It is quite possible that for business reasons, estate planning and family matters I am selling the catalog I have now. I’ve thought about it many times and I’m sure I could get a lot of money for it. But then I’d just start a brand new one, keep writing songs and, when I build that back up, sell it.
“I can imagine that I would have quite a bit of money if I wanted to sell, but I would still have some control, whoever I sold to, and my credit for the songs. There’s a lot to say about that. As a songwriter, I never cared about the money. I did make money, but I always wanted my name on my songs.’
Star power: Parton originally recorded I Will Always Love You in 1974, although Whitney Houston recorded her version for the hit 1992 film The Bodyguard, in which she starred with Kevin Costner
It was revealed that Dolly had contributed $1 million to Vanderbilt University Medical Center in Nashville, Tennessee, for coronavirus research in April, after the hospital “has been good to her and her family over the years.”
Earlier this year, US company Moderna announced that its COVID-19 vaccine may be 94.5% effective against COVID-19, and Parton is mentioned in the preliminary report.
Dolly admitted she was “already working” and doing interviews when someone asked her about the vaccine during the broadcast.
“I’m so excited about the news,” she said during an interview with BBC’s The One Show. ‘I heard that yesterday and I didn’t know it was part of the program I was taking part in. So I feel very, very honored and proud.’