Dolly Parton Net Worth: What does Dolly Parton do with her Money?

Dolly Parton Net Worth: As of December 2022, Dolly Parton’s net worth is $650 Million. She is an American singer, songwriter, record producer, actress, and businesswoman from Tennessee. Parton is regarded as one of the world’s best singers and her albums have sold millions of copies. Parton made her album debut in 1967 with Hello, I’m Dolly, following her success as a songwriter for others.

Dolly Parton Biography

Dolly Rebecca Parton was born on January 19, 1946, in Pittman Center, Tennessee, in a one-room cabin on the banks of the Little Pigeon River. Parton began performing as a child, singing on East Tennessee radio and television programs. Parton moved to Nashville the day after graduating from Sevier County High School in 1964.

Porter Wagoner, a musician, and country music entertainer, invited Parton to join his organization in 1967, offering her a regular spot on his weekly syndicated television show The Porter Wagoner Show, and in his road show. Her song “I Will Always Love You,” written about her professional break with Wagoner, reached number one on the country chart in 1974.

Between 1974 and 1980, Parton had a string of country hits, including eight number-one singles. Here You Come Again, released in 1977, became her first million-seller, topping the country album chart and reaching number 20 on the pop chart.

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Dolly Parton Net Worth 

Dolly Parton’s net worth in 2022 is estimated to be around $650 million. A huge part of this fortune comes from her music career, philanthropy, and business deals. As a solo artist, Parton has already sold over 100 million copies worldwide. She made those records through her hit songs like “I Will Always Love You,” “Here You Come Again,” “Rockin’ Years,” “There Was Jesus,” “Coat of Many Colors,” and “Love Is Live a Butterfly,” to name a few.

Dolly Parton Net Worth

Aside from her individual music endeavors, she also scored $10 million in royalties because of Whitney Houston’s “I Will Always Love You” version. When converted, the amount could balloon up to $20 million. Parton’s albums became hit worldwide and the Recording Industry Association of America certified them with gold, platinum, and multi-platinum awards.

Dolly Parton Career and Awards

Parton’s musical career also earned her the following honors: Grammy Awards, Country Music Association Awards, Academy of Country Music Awards, People’s Choice Awards, Tony Awards, and Emmy Awards.

Dolly Parton’s net worth is also derived from her The Dollywood Company, which manages the Dollywood theme park and the Splash Country water park. It is also in charge of dinner theatres across the country, such as Pirates Voyage and The Dolly Parton Stampede.

Parton also had a flourishing acting career after appearing in shows from the 1960s to the 1980s. She was nominated for Outstanding Supporting Actress in a Variety Program in 1979 for her role in a Cher special.

What does Dolly Parton do with her money?

Dolly Parton’s money is used for a variety of purposes aside from funding her own Hollywood lifestyle. She invests in film and television productions through partnerships such as her one with Netflix. She also contributes to a number of worthy philanthropic causes, such as Imagination Library, which has distributed over 182 million free books to children as of this year. Parton famously donated $1 million to Vanderbilt University Medical Center in 2020, assisting in the development of Moderna’s COVID-19 vaccine.

Parton is passionate about education, which led to the establishment of the Dollywood Foundation in 1988 to inspire children in her home state of Tennessee to “achieve educational success.” The foundation provides scholarships to students who want to further their education. She founded The Buddy Program in 1991 after becoming dismayed by the high dropout rate for high school students in her hometown, which was over 30% at the time.

At a school assembly for seventh and eighth graders in her hometown in 1991, Parton offered to personally give $500 to each and every student in the seventh and eighth grades if they graduated from high school but each student’s “buddy” had to also graduate. As a result of her offer, the dropout rate for those classes fell to 6%.

Parton used some of the royalties earned from Whitney Houston’s recording of “I Will Always Love You” to invest in a Black community in Nashville to honor Houston. Basically, Dolly Parton uses her money in a way that helps to make the world a better place!

Final Lines:

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