Stephen King’s estimated net worth is $500 million.
Stephen King has a net worth of $500 million and is a prolific American author of horror, supernatural fiction, suspense, and fantasy novels. His books have sold over 350 million copies around the world.
Stephen King has published over 60 novels (including seven under the pen name Richard Bachman) and six non-fiction books as of this writing. “Carrie,” “It,” “Stand by Me,” “The Shawshank Redemption,” “The Stand,” “Misery,” and “The Shining.” are among the many that have been adapted into popular films or miniseries. He’s known as the “King of Horror.”
Stephen King was born in 1947 in Portland, Maine. King’s father abandoned the family when he was a child, and his mother, Nellie Ruth, raised Stephen and his adopted brother David on her own. Before settling in Durham, Maine, the family moved to Wisconsin, Indiana, and Connecticut. When King was a child, he was killed by a train while riding with a friend. King returned home, speechless and shocked, his family said, after leaving home to play with the boy. Later that day, the family learned of the boy’s death. When Stephen was eleven years old, his mother went to work as a caregiver in a mental health facility.
From a young age, King was fascinated by horror. He grew up reading EC horror comics, which included “Tales from the Crypt.” He began writing for pleasure as a child. He sold stories based on movies he had seen to his friends. “I Was a Teenage Grave Robber.” was the title of King’s first story.
Stephen went to Lisbon Falls High School and Durham Elementary School in Lisbon Falls, Maine. King earned a Bachelor of Arts degree in English from the University of Maine. He contributed to the school newspaper while in college.
King taught high school and sold short stories to men’s magazines after graduating from college. He began teaching at Hampden Academy in Maine in 1971. Doubleday purchased King’s novel “Carrie” in 1973. This was King’s fourth novel, but it was his first to be published. “Carrie” launched King’s career and established himself as a major horror novel. It was adapted into a successful horror film in 1976, starring Sissy Spacek.
King wrote “Salem’s Lot,” “The Shining,” and “The Stand.” during the rest of the 1970s. King began teaching creative writing at the University of Maine in the fall of 1977. “Different Seasons,” a collection of four dramatic novellas, was published in 1982. Three of the four novellas in this collection have been made into films: “Stand by Me,” “The Shawshank Redemption,” and “Apt Pupil.”
In 1986, King released “It,” which became the best-selling hardcover novel in the United States that year. To name a few, King wrote “Cujo,” “Pet Cemetary,” “The Green Mile,” and “The Dark Tower” series.
Zone Radio Corp, which includes WZON/620 AM, WKIT-FM/100.3, and WZLO/103.1, is owned by King and his wife Tabitha.
On January 2, 1971, King married Tabitha Spruce. They have three kids together. Naomi and Rev. Dr. Thandeka, their daughter, are both Unitarian Universalist Church ministers in Plantation, Florida. The Kings’ sons are both authors. In 2005, Owen King released “We’re All in This Together: A Novella and Stories” Joe Holl, a pen name for Joseph King, published a collection of short stories called “20th Century Ghosts,” in 2005 and a novel called “Heart-Shaped Box,” in 2007.
King and his wife are both significant philanthropists. Every year, he donates around $4 million to libraries, schools, arts organisations, and local fire departments in need of updated lifesaving equipment like the Jaws of Life. The Stephen and Tabitha King Foundation, which King and his wife founded, is Maine’s sixth largest charity, with annual giving of more than $2.8 million. In November 2011, King’s foundation donated $70,000 in matching funds to help families in Bangor, Maine, pay their heating bills.
Highlights of Salary
When “Carrie” was first published, King was given a $2,500 advance (equivalent to $14,525 today). The book’s paperback rights were sold for $400,000, which is now worth $2.3 million.
The King and his wife own three homes and split their time between them. They have a Victorian home in Bangor, Maine, that was built in 1870 and served as their primary residence for many years before being converted into a museum and writer’s retreat. They also have a summer home near the New Hampshire border in Lowell, Maine’s lake region. In Sarasota, Florida, the couple also owns a waterfront mansion on the Gulf of Mexico.