Know About Stephen King’s Net Worth, Biography, Age, Career, and More. With a net worth of $600 million USD, Stephen King is an American author who has made his mark in various literary genres such as horror, supernatural fiction, suspense, crime, and fantasy. He is one of the highest-earning authors globally and has authored several best-selling books. Each year, King earns more than $30 million in book royalties alone.
Who is Stephen King?
Stephen Edwin King, born on September 21, 1947, is an acclaimed American author of horror, supernatural fiction, suspense, crime, science fiction, and fantasy novels. King, who is often referred to as the “King of Horror” due to his standing in pop culture, has sold over 350 million copies of his books as of 2006. Many of his works have been adapted into various media, including films, television series, miniseries, and comic books.
King has written a total of 64 novels, including seven under the pen name Richard Bachman, and five non-fiction books. His bibliography also comprises nearly 200 short stories that have been published in collections. King has been honored with several awards, including Bram Stoker Awards, World Fantasy Awards, and British Fantasy Society Awards.
The National Book Foundation awarded him the Medal for Distinguished Contribution to American Letters in 2003. King has also received recognition for his entire body of work, including the 2004 World Fantasy Award for Life Achievement and the 2007 Grand Master Award from the Mystery Writers of America. In 2015, he was presented with the National Medal of Arts by the U.S. National Endowment for the Arts for his outstanding contributions to literature.
What is Stephen King’s net worth?
Stephen King, an American author known for his horror, supernatural fiction, suspense, and fantasy novels, has a net worth of $500 million. With over 60 novels published (including seven under the pen name Richard Bachman) and six non-fiction books, King’s works have sold more than 350 million copies worldwide, making him one of the most successful authors in history. Many of his popular books have been adapted into films or mini-series, such as “Carrie,” “It,” “The Shawshank Redemption,” “The Stand,” “Misery,” and “The Shining.” Dubbed the “King of Horror,” King has earned an estimated $48 million annually from book sales.
|Net Worth||$600 Million|
|Liabilities & Loans||$50 Million|
|Annual Income||$48 Million|
|Date of Birth||September 21, 1947|
|Age||75 years old|
|Place of Birth||Portland|
|Height||6 ft 3 in (1.93 m)|
|Profession||Writer, Screenwriter, Television producer, Actor, Columnist, Film director, Novelist|
|Nationality||United States of America|
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Stephen King’s Earnings from Books
Stephen King is widely recognized as one of the most successful authors in the world, with his books selling over 350 million copies worldwide and being adapted into films, TV series, miniseries, and comic books. He has earned a substantial amount from his writings, with an estimated earnings of $125 million USD in the past five years alone. Stephen King has produced several best-selling books, including “The Stand,” “The Shining,” “It,” “Misery,” and “‘Salem’s Lot.”
Stephen King’s Earnings from Book Royalties and Adaptations
Stephen King earns from various sources, including book royalties, merchandising deals, and income from movie and TV series adaptation rights. He has earned millions of dollars through his writings and selling their adaptation rights. For example, he earned $60 million from the “It” movie series and over $20 million from movies like “1922” and “Christine.”
Stephen King’s Assets and Investments
Stephen King’s assets include 16 real estate properties, 7 cars, and 5 luxury yachts. He also has cash reserves of over $83 million. Additionally, he owns an investment portfolio consisting of 12 stocks valued at $24 million. Some of the stocks owned by Stephen King include Apple, Citigroup, McDonald’s, Visa, and Boeing.
Stephen King’s Luxury Home in Portland, Maine
Stephen King’s residence is a luxurious 13,300 square-foot home located in Portland, Maine, which he purchased for $49 million. The house boasts 8 bedrooms, 10 bathrooms, a home theater, four fireplaces, two swimming pools, and Roman-inspired interiors, among many other opulent features.
Early Life of Stephen King
Stephen King was born in Portland, Maine in 1947. His father abandoned the family when King was still a child, leaving his mother, Nellie Ruth, to raise him and his adopted brother David alone. They moved around several states before finally settling in Durham, Maine.
Tragic Childhood Incident
During his childhood, King experienced a traumatic event that would later shape his writing. While playing with a friend, King witnessed the boy being hit and killed by a train. He returned home in a state of shock and was unable to speak. Later that day, his family learned of the boy’s death.
Early Interest in Horror
King had a keen interest in horror from a young age. He was an avid reader of EC horror comics, particularly “Tales from the Crypt.” As a child, he began writing for fun and sold stories to his friends based on movies he had seen. His first published story, “I Was a Teenage Grave Robber,” was written in his teenage years.
King attended Durham Elementary and Lisbon Falls High School in Maine. After high school, he went on to study English at the University of Maine, where he wrote for the school newspaper. He graduated with a Bachelor of Arts degree in English.
Work and Career
After college, King worked a variety of odd jobs to support himself and his growing family. He continued to write and submit stories for publication. His breakthrough came in 1973 with the publication of his novel “Carrie,” which was later adapted into a successful movie. King went on to become one of the most successful and prolific writers of our time, with dozens of bestselling books and numerous adaptations of his work for film and television.
Early Career and Success of Stephen King
After graduating from the University of Maine, King worked as a high school teacher and sold short stories to men’s magazines. In 1971, he was hired as a teacher at Hampden Academy in Maine.
Breakthrough Novel and Career Launch
In 1973, King’s fourth novel, “Carrie,” was bought by Doubleday and published, launching his career as a bestselling author. The horror novel was later adapted into a successful film in 1976, starring Sissy Spacek. King continued to write prolifically, with notable works including “Salem’s Lot,” “The Shining,” and “The Stand.”
Teaching Creative Writing and Film Adaptations
In 1977, King took a position teaching creative writing at the University of Maine. In 1982, he published “Different Seasons,” a collection of four novellas, three of which were later adapted into successful films: “Stand by Me,” “The Shawshank Redemption,” and “Apt Pupil.”
Continued Success and Business Ventures
Throughout the 1980s and 1990s, King continued to write bestselling novels, including “It,” “Cujo,” “Pet Cemetery,” “The Green Mile,” and the popular “Dark Tower” series.
In addition to his writing career, King and his wife Tabitha own Zone Radio Corp, which operates a group of radio stations in Maine, including WZON/620 AM, WKIT-FM/100.3, and WZLO/103.1.
Overall, Stephen King has established himself as one of the most successful and influential authors of our time, with dozens of bestselling books, numerous film and television adaptations, and a lasting impact on the horror genre.
Personal Life and Family of Stephen King
Stephen King married Tabitha Spruce on January 2, 1971, and the couple has three children. Their daughter Naomi and her wife Rev. Dr. Thandeka are both Unitarian Universalist Church ministers living in Plantation, Florida.
Successful Sons and Literary Legacy
Both of the Kings’ sons are successful authors in their own right. Owen King published “We’re All in This Together: A Novella and Stories” in 2005. Joseph King, who writes under the name Joe Hill, published a collection of short stories, “20th Century Ghosts,” in 2005 and a novel “Heart-Shaped Box,” in 2007.
Philanthropic Work and Charitable Foundation
King and his wife are major philanthropists and donate generously to a variety of causes. 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 established 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, the foundation donated $70,000 in matched funding to help pay the heating bills for families in need in Bangor, Maine.
Overall, Stephen King’s legacy extends beyond his literary success to include his family and charitable endeavors, making him a respected figure both in and outside of the literary world.
Real Estate Ventures of Stephen King
King and his wife own three homes, dividing their time between them. Their main residence is a Victorian home built in 1870 located in Bangor, Maine, which is now slated to become a museum and writer’s retreat. Additionally, they own a summer home in the lake region of Lowell, Maine, near the New Hampshire border. They also own a waterfront mansion on the Gulf of Mexico in Sarasota, Florida.