Dolly Parton once turned down a song request from Elvis Presley. That was just one business decision that helped build her $650 million empire

Country music legend Dolly Parton began her career at a young age, singing at her local church and writing her first single at age 11. By the time she was 13, she had made her debut on the Grand Ole Opry stage. After high school, she moved to Nashville to further her music career and wrote hit songs like "Jolene" and "I Will Always Love You" on the same day.

Her decision to retain ownership of her songs, rather than giving up half the publishing rights to Elvis Presley, was a key factor in her eventual wealth of $650 million. Parton's strategic business moves, including founding her own publishing company in 1966, ensured she earned a larger royalty for her music. This, combined with her success in music, acting, and her theme park Dollywood, contributed to her substantial wealth and philanthropic efforts.