Horror Writer Stephen King’s Net Worth

Stephen King's net worth

Making a living as an author is no easy feat. Many authors only make around $55,000 per year. Self-published authors earn even less – with the median annual earnings coming in around $5,000. That isn’t to say there aren’t plenty of rich writers out there. The author of the latest book-to-film horror flick Doctor Sleep is one of them. So, what is Stephen King’s net worth and how much of it stems from transferring his literature to the big screen?

About Stephen King

King was born on September 21, 1947, in Portland, Maine. At the age of two, his father left the family and he and his older brother were raised by a single mom. Throughout his childhood, King and his family went through great financial strain. They moved around quite a bit until King’s mother’s parents fell ill. At the age of 11, they moved back to Maine to care for his grandparents.

As a child, King saw one of his friends be hit and killed by a train. He has no recollection of the event but was told about it by family members. Many people have speculated that this event contributed to some of King’s darker pieces of literature. However, the author doesn’t mention it in his memoir (On Writing). 

In elementary school, King already had a passion for horror. He was an avid reader of EC’s Horror Comics, including Tales From the Crypt. Eventually, he began writing and contributed regular articles to Dave’s Rag, a newspaper published by his brother. Later on, he began selling short stories to friends. As a teenager, he won a Scholastic Art and Writing Award.

In 1965, when he was just 18 years old, King got published for the first time in Comics Review. The short story was called I Was a Teenage Grave Robber and it was published over four issues of the magazine. It was published again in 1966 as In a Half-World of Terror in another magazine called Stories of Suspense. 

During his college years at the University of Maine, King wrote a column called Steve King’s Garbage Truck for the campus newspaper. He also participated in writing workshops and held various jobs to pay for his education. King graduated with a Bachelor of Arts in English in 1970, the same year his daughter Rachel Naomi was born. While at the university, King also met his wife, Tabitha Spruce. They got married one year after he left the university, in 1971.

The Start of His Writing Career

That didn’t mark the start of his professional writing career though. He sold his first professional short story in 1967 for $35,000, while he was still enrolled at the University of Maine. It was called The Glass Floor. After he graduated, King got certified to teach high school but was unable to find work. Instead, he began selling short stories, many of which have been republished in the collection Night Shift.

His first piece to be accepted by a publishing house was the novel Carrie. It was technically the fourth novel he’d written, but it was the first to be published. At first, King through the first three pages of the book away, unhappy with the project. However, his wife dug it out of the trash, encouraging him to continue and, ultimately, landing his first published novel on the shelves. With his first advance ($2,500), King bought a Ford Pinto.

Two years later, his book Salem’s Lot was published, which kickstarted a King’s career. Shortly after, Carrie was turned into a film, and he went on to publish The Shining and The Stand before the end of the decade (1970s). During this time he also published books under other names, including Richard Bachman. Under this name, he published what is referred to as The Bachman Books. This included a number of short novels such as Thinner, The Running Man, Roadwork, The Long Walk, and Rage. 

And that was truly only the beginning for King. Over the past five decades, he has published at least 95 books and has established a loyal fan base. He allegedly writes 2,000 words every day and publishes one or more novels annually. This has made it possible for King to reach immense wealth.

Stephen King’s Net Worth: $400 Million

King is amongst the world’s most wealthy authors. While he doesn’t have the wealth of J.K. Rowling ($1 billion), the author of the Harry Potter series, Stephen King’s net worth sits at number four on the world’s richest writers list. It is estimated he earns around $40 million per year.

All of King’s wealth has stemmed directly from his books and films based on those pieces of literature. He hasn’t made any lucrative investments or done any endorsements. In fact, he prefers to spend time out of the spotlight rather than in it. He writes his books, signs off on screenplays, and sits back to enjoy the fruits of his labor.

His books have sold more than 350 million copies worldwide. Authors don’t make a ton of cash from the publishing of their novels though. They typically earn between $1 and $3 per copy sold, depending on the demand.

Earnings on Movies

In addition to that, he has had dozens of movies made based on his books. When a movie is made, King is able to cash in then too. He gets a cut of what the film makes and typically gets a hand in producing as well. Altogether, his films have made billions. Here are the numbers behind some of the most successful Stephen King movies at the box office.

  • Carrie (1976): $33.8 million; Carrie (2013): $84.8 million
  • Pet Sematary (1989): $57.5 million; (2019): $112.4 million
  • The Shining (1980): $45.7 million
  • IT (2017): $700.4 million; IT Chapter Two (2019): $462.6 million
  • The Green Mile (1999): $286.8 million
  • The Shawshank Redemption (1994): $28.7 million
  • 1408 (2007): $132 million
  • Misery (1990): $61.3 million
  • Stand By Me (1986): $52.3 million
  • The Dark Tower (2017): $113.2 million
  • Children of the Corn (1984): $14.5 million

Many authors who have had books adapted to film earn up to $50,000 per movie. Because King’s works earn an average of $56 million at the box office each, it is assumed he earns quite a bit more than that. In more recent years, as more Stephen King films hit the big screen, he has been able to earn even more.

Assets Held by Stephen King

Stephen King's net worthNot every cent of Stephen King’s net worth is liquid cash. Much of it is tied up in assets and investments, as any wealthy person does. The King home in Bangor, Maine, is only estimated to be worth around $854,000. Just about a month ago, however, he announced that his former home would soon be open to the public.

Big fans of King typically would stop outside and snap photos of his “mansion” in Maine anyway. Now people will be able to visit. King and his wife filed for the property to be rezoned for commercial use. They plan to turn the home into a museum honoring King and a place where writer’s retreats may be held. The couple has filed it as a non-profit though, so the ownership of the home and anything that stems from making it a museum will not contribute to King’s earnings.

Outside of that, King isn’t a huge spender. He certainly doesn’t still drive around in his old Ford Pinto either, but he isn’t flashy with anything. In fact, he spends a lot of time and effort making sure he stays under the radar as most writers do.

But, as long as King is still writing, and his books are being made into movies, he will continue earning. Because he doesn’t spend a ton of money, outside of charitable contributions (around $4 million annually), it is likely he will remain one of the wealthiest authors alive – and possibly become even more wealthy in the years to come.

Photos: Sharon Mccoy and Ron Cogswell

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How Does Kylie Jenner’s Net Worth Compare to Her Sisters?

Kylie Jenner's Net Worth

The Jenner-Kardashian clan is no stranger to the spotlight. Each member of the family has made a name for themselves through launching their own companies, having families of their own, and making their own brand. The youngest member of the family, Kylie, has been the most successful at doing so. In fact, she has been named the youngest self-made billionaire in the world. So, what exactly is Kylie Jenner’s net worth and how did she reach such heights in her career?

About Kylie Jenner

Kylie Kristen Jenner was born on August 10, 1997, in Los Angeles. Since 2007, people have been able to get a look into Kylie’s life as a member of the Kardashian-Jenner family on Keeping Up With The Kardashians. That is far from the only thing she’s done though.

At the age of 14, Kylie collaborated with the clothing brand PacSun with her sister, and model, Kendall Jenner. They created a clothing line called “Kendall & Kylie” together. In 2014, Time magazine listed the sisters as the most influential teens in the world. That same year, they both launched their very own shoe line for Steve Madden’s Madden Girl line.

The pair of sisters used one another and continued to work together through their teenage years. They each were paid $100,000 for endorsing OPI nail polish in 2013. By 2015, when Kylie was just 17, she made the decision to launch her very own cosmetics brand.

Her sisters jump at the chance to support her in any way they can. She and Kendall have worked together over and over again. And, in 2017, Kylie partnered with her sister Khloe Kardashian to launch a few items called the KoKo collection through Kylie Cosmetics. The next year the cosmetics company sold about $630 million worth of makeup.

Kylie Jenner’s Net Worth: $1 Billion

Kylie Jenner's Net WorthIt is estimated that the youngest of the Kardashian-Jenner clan is worth about $1 billion. This makes her the youngest self-made billionaire at the age of 22. Much of this has to do with her hard work in producing a well-known makeup brand. Her brand, Kylie Cosmetics, is worth $900 million by itself.

Kylie launched the makeup company herself at the age of 17, using $250,000 of her own money to get her lip kits into production. That $250,000 came from sponsorships and other deals Kylie had landed as a teenager. Within the first 18 months, the business made $420 million in sales.

She has also made a number of other lucrative business moves that have made her a billionaire. Kylie attributes much of her business’ success to her huge social media following (155 million between Instagram and Twitter). Because of this, any sponsorship deals she lands have the potential to earn her $1 million or more a pop.

According to Business Insider, Kylie is the second-highest paid celebrity. Last year, she earned $170 million before taxes. For the reality television show Keeping Up With The Kardashians, Kylie and the rest of the family earn $30 million each per season.

Kylie Jenner’s Assets

Not everything that contributes to the celebrity’s net worth is liquid cash though. Kylie has property and other assets that add to her wealth as well. Over the past two years, she has purchased five properties valued at $40 million in total.

Kylie also has a number of luxury vehicles she drives around in. She received a $225,000 Mercedes G-Wagon for her 16th birthday. Since then, she has continued to add to her car collection. In her garages, you can find a $400,000 Lamborghini Aventador, a $200,000 Land Rover, as well as multiple Ferraris, a Bentley Bentayga, and numerous Rolls-Royces. She even bought her mom a Ferrari 488 for her birthday (valued at $250,000).

The celeb also purchases tons of lavish items for her friends, family, and her baby. She has been publicly shamed for buying her daughter an $820 Gucci baby carrier and a $12,500 Fendi baby stroller. While that seems to be a bit much, it hasn’t hurt Kylie’s net worth one bit.

How Her Net Worth Compares to the Family

Compared to her siblings, Kylie Jenner’s net worth is pretty astonishing. In fact, she is the wealthiest amongst the bunch. Here is a look at the Kardashian-Jenner fortune sibling-by-sibling:

  • Kim Kardashian: $370 million
  • Khloe Kardashian: $40 million
  • Kourtney Kardashian: $45 million
  • Rob Kardashian: $10 million
  • Kendall Jenner: $30 million
  • Brody Jenner: $10 million
  • Brandon Jenner: $1 million

Not to mention, if you take these kids’ parents’ wealth into account, you can see why each of them decided to go out on their own and create a name (and fortune) for themselves. Kris Jenner, the matriarch of the clan, is worth $90 million herself. Caitlyn Jenner (formerly Bruce) is worth $100 million. And, at his time of death, Robert Kardashian was worth $30 million.

Kylie was groomed into being the billionaire she is today. Her parents and siblings nourished her and helped her reach the heights she’s seen up to now. There’s no telling where her career might take her next and how it will impact Kylie Jenner’s net worth.

Photos: Robert Sullivan and Walt Disney Television

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