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What’s not to admire about Dolly Parton? The beloved country icon is not only known for her playful spirit—like when she recreated her iconic 1978 Playboy cover for her husband’s birthday this year—but she has also devoted considerable time and resources to making literature accessible for all children. Plus, she crafts timeless ballads that resonate across generations. Now, we have yet another reason to honor this remarkable singer and philanthropist.
For those who may not know, Parton has written over 5,000 songs throughout her illustrious career. She originally penned “I Will Always Love You” in 1973, but it wasn’t until Whitney Houston’s unforgettable rendition for the film The Bodyguard in 1992 that the song reached its legendary status.
Parton earned substantial royalties from Houston’s version, reportedly accumulating around $10 million during the ’90s when the song was at its peak, and she continues to earn from it today. So, what did she do with such a windfall? During an appearance on Watch What Happens Live With Andy Cohen, she shared her most significant investment made with her royalty earnings.
“I bought my big office complex down in Nashville. I thought, ‘Well, this is a wonderful place to be,’” she revealed to Cohen. “I purchased a property in what was historically a Black neighborhood, primarily occupied by Black families. It was a bit off the main drag of 16th Avenue, and I decided to buy the entire strip mall. I felt this was the ideal place for me, especially considering Whitney.”
Despite some speculation about any misunderstandings between Houston and Parton, Dolly has consistently praised Whitney’s rendition of the classic ballad. In a November 2020 interview with Oprah Winfrey on The Oprah Conversation on Apple TV, Parton recounted how she had to pull over while driving when she first heard Houston’s powerful version of her song. “I was shot so full of adrenaline and energy, I had to pull off, because I was afraid that I would wreck,” she said. “I couldn’t believe how beautifully she performed it. It was just so incredible that my little song turned into that.”
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In summary, Dolly Parton’s generous investment of her “I Will Always Love You” royalties into a Black community demonstrates her commitment to uplifting others, while her continued admiration for Whitney Houston’s iconic cover shows the lasting impact of music and legacy.