Stephen King Net Worth
Stephen King net worth: Stephen King is a prolific American author of horror, supernatural fiction, suspense, and fantasy novels who has a net worth of $500 million. His books have sold more than 350 million copies worldwide. King has published 61 novels (including seven under the pen name Richard Bachman) and six non-fiction books Many of them have been turned into popular films or mini-series, including Carrie, It, Stand by Me, The Shawshank Redemption, The Stand, Misery, and The Shining. He has been described as the King of Horror.
Early Life: Stephen King was born in Portland, Maine in 1947. His father left the family at a young age and King's mother, Nellie Ruth, raised Stephen and his adopted brother David alone. The family moved to Wisconsin, Indiana, and Connecticut before finally settling down in Durham, Maine. As a child, King apparently witnessed one of his friends being hit and killed by a train, though he has no memory of the event. His family told him that after leaving home to play with the boy, King returned, speechless and seemingly in shock. Only later did the family learn of the friend's death.
His mother took a job as a caregiver in a facility for the mentally ill when Stephen was eleven years. Stephen attended Durham Elementary, followed by Lisbon Falls High, in Lisbon Falls, Maine.
He displayed an early interest in horror as an avid reader of EC's horror comics, including Tales from the Crypt. He began writing for fun while still in school, contributing articles to Dave's Rag, the newspaper his brother published with a mimeograph machine, and later began selling his friends stories based on movies he had seen. The first of his stories to be independently published was I Was a Teenage Grave Robber.
He attended the University of Maine where he earned a Bachelor of Arts Degree in English. While in college, he wrote for the school newspaper.
Career: After graduating from college, King taught high school and sold short stories to men's magazines. In 1971, he was hired as a teacher at Hampden Academy in Maine. In 1973, King's novel Carrie was accepted by publishing house Doubleday. This was the fourth novel King had written, but the first to be published. It started out as a short story that King had thrown away, however, his wife took the pages out of the trash and encouraged him to finish the story. He took her advice. Carrie set King's career in motion and became a significant novel in the horror genre. In 1976, it was made into a successful horror film starring Sissy Spacek.
During the rest of the 1970s, King wrote Salem's Lot, The Shining, and The Stand. In the fall of 1977 King took a position teaching creative writing at the University of Maine. In 1982, he wrote Different Seasons, a collection of four dramatic novellas. This book is significant because three of the four of the novellas were turned into films: Stand by Me, The Shawshank Redemption, and Apt Pupil.
In 1986, King published It, which was the best-selling hard-cover novel of that year in the U.S. Other books King has released over the years include Cujo, Pet Cemetary, The Green Mile, and The Dark Tower series, to just name a few.
King sometimes makes cameo appearances in the movies that are based on his books. For example, he played the part of Teddy Weiszack in The Stand, a minister at a funeral in Pet Cemetery, the pizza delivery guy in Rose Red, a band member in The Shining and a cemetery caretaker in Sleepwalkers.
Personal Life: King married Tabitha Spruce on January 2, 1971. They have three children. Their daughter Naomi and her wife Rev. Dr. Thandeka are both Unitarian Universalist Church ministers living in Plantation, Florida. Both of the Kings' sons are authors. Owen King published We're All in This Together: A Novella and Stories in 2005. Joseph King, who writes under the name Joe Holl, published a collection of short stories, 20th Century Ghosts, in 2005 and a novel Heart-Shaped Box, in 2007.
King and his wife are major philanthropists. He donates about $4 million each year to libraries, schools, organizations that fund the arts, and local fire departments that need updated lifesaving equipment such as the Jaws of Life. King and his wife created The Stephen and Tabitha King Foundation, which ranks sixth among charities in Maine with annual giving of more than $2.8 million per year. In November 2011, King's foundation donated $70,000 in matched funding to help pay the heating bills for families in need in Bangor, Maine.
King's favorite books are The Golden Argosy, Adventures of Huckleberry Finn, The Satanic Verses, McTeague, Lord of the Flies, Bleak House, Nineteen Eighty-Four, The Raj Quartet, Light in August, and Blood Meridian.
Salary Highlights: When Carrie was published King received a $2,500 (equal to $14,525 today) advance for the book. The paperback rights to the book sold for $400,000, which is equal to $2.3 million today.
Today, he earns about $40,000 per year from his writing, royalties, and other endeavors.
Real Estate: King and his wife own and divide their time between three homes. They have a Victorian home built in 1870 in Bangor, Maine which was their main residence for years but is now set to become a museum and writer's retreat. They also own a summer home in the lake region of Lowell, Maine near the border of New Hampshire. The couple also owns a waterfront mansion on the Gulf of Mexico in Sarasota, Florida.
|Net Worth:||$500 Million|
|Date of Birth:||Sep 21, 1947 (72 years old)|
|Height:||6 ft 3 in (1.93 m)|
|Profession:||Writer, Screenwriter, Television producer, Actor, Columnist, Film director, Novelist|
|Nationality:||United States of America|