As a prominent figure in the world of country music and pop culture, Dolly Parton has left an indelible mark as a successful singer-songwriter throughout her illustrious career. However, what many may not know is that she is also a savvy businesswoman who has made shrewd decisions that have significantly impacted her financial success in the music industry.

Back in 1966, when the music industry was notorious for taking advantage of young artists, Dolly Parton took matters into her own hands. At just 20 years old, she started her own music publishing firm and retained the rights to her entire catalog of songs.

This groundbreaking move allowed her to maintain ownership of her music and reap the rewards for years to come.

One of the most iconic songs in Parton's catalog is "I Will Always Love You," made famous by Whitney Houston. After Parton turned it into a hit single in the 1970s, Elvis Presley approached her to do his own version. However, when Presley's management demanded half of the publishing rights, Parton refused, demonstrating her business acumen.

Today, Dolly Parton's song catalog is valued at a staggering $150 million, earning her millions in royalties annually. But her success doesn't end there.

With her ownership of Dollywood Parks and Resorts, as well as various other business ventures, she has amassed a total net worth of $650 million.

Parton has not only achieved financial success but has also given back to the community through philanthropic efforts, including donations to COVID-19 vaccine research and initiatives that promote literacy among children. All of this, stemming from a bold business decision she made as a young woman, showcasing her brilliance both on and off the stage.