Stephen King Net Worth.
Stephen King Net Worth: Aka, the “Master of Horror,” is an American author best known for his horror, supernatural fiction, crime, sci-fi, and fantasy novels.
This New York Times best-selling author has sold over 350 million copies worldwide, and many of his works have been adapted into films and TV series – No wonder he has a whopping $400 million net worth!
Today, we’re going to be diving deep into Stephen King Net Worth, career, and we’ll be looking at:
- His huge wealth – and all from such a humble beginning (and a chance event) – but more on that later…
- Top-selling fiction and nonfiction
- His Houses, Cars – many of which have been featured in his literature
- How he likes to spend his money
Who Is Stephen King?
Stephen Edwin King, noted as the “King of Horror”, is an American author of horror, fantasy, suspense, and science fiction who has a net worth of $400 million.
The master of horror’s career was set in motion when he began writing Carrie and published it in 1974.
But hang on a minute…
It all started as a short story that he had thrown away sometime earlier. Thanks to his wife for that lifesaver.
She took the manuscript out of the trash and encouraged him to finish the story.
In 1976, it was made into a successful horror film starring Sissy Spacek.
His books sold more than 350 million copies worldwide, some of them have been adapted into films and television series.
King has published 61 novels and 6 non-fiction books. He’s considered one of the best-selling authors to date.
As of 2021, Stephen King’s net worth has reached a stunning peak of $400 million.
The net worth of Stephen King is a massive $400 million
(below is Kings year-on-year earnings). With 350 million copies of his works sold worldwide, it is no surprise that he reached that towering net worth.
Stephen King Career Earnings By Year
An author typically earns from the sales and royalties of their books, however, in King’s case, he earned $2,500 in advance for his book Carrie, which is equal to $14,525 in today’s money.
Carrie’s paperback rights later sold for $400,000, which today would be equivalent to $2.3 million.
The King, as one of the most popular authors to date, has sold masses of copies in all four corners of the globe.
Here’s a fact:
Authors don’t get a lot of cash from publishing their books. Usually, their earnings range from $1-$3 per copy sold, depending on demand.
So, since King’s works gain an estimate of $56 million each at the box office, we can suppose that he earns a boatload of cash from royalties.
The more of his films hit the silver screen, the better for him.
Being one of the best selling authors of all time, The King has rooted his fortune in his books – and the films drawn on those literary pieces he’s written.
He hasn’t made any profitable investments or joined any endorsement deals.
As a matter of fact he much prefers to be low-key – than spending time in the spotlight.
He writes his books, signs off on screenplays, and sits back to enjoy the fruits of his accomplishments.
But first off…
Ever wondered why King used pseudonyms in his written works?
The reason was that a writer was restricted to publish just one book every year – the general opinion of publishers back then.
Publishers thought that producing more would be inappropriate to the press.
So what King did to multiply his publication without overwhelming the demand of the market was he persuaded his publisher, Signet Books, to reproduce his novels under another name.
Here are his books written under his pen name Richard Bachman: Rage (1997), The Long Walk (1979), Road Work (1982), Thinner (1984), Regulators (1996), and Blaze (2007).
He’s also written another book under his pseudonym John Swithen, The Fifth Quarter (1972), and Beryl Evans, Charlie the Choo-Choo: From the World of the Dark Tower (2016)
He’s published 61 novels in total, seven of those are written under his pen name Richard Bachman, and six non-fiction books and some of them have been turned into popular films or series like Carrie, It, Stand By Me, The Stand, Misery, and The Shining.
Here’s a top 10 list of his best selling books of all time.
The plot centers on a deadly virus called “Project Blue” or most commonly known as “Captain Trips” that destroyed most of the world’s population. The survivors choose between Mother Abigail, who is receiving visions from God, and Randall Flagg, the Dark Man. The two groups prepare for the final battle between good and evil.
Misery tells the story of a novel author, Paul Sheldon who met a severe car accident and was rescued by a former nurse, Annie Wilkes, who happened to be his psychotic fan. Annie took him to her remote house to recover but became furious when she found out that Paul had killed Misery Chastain off in his latest book. Annie held Paul as her hostage and forced him to write a story that would bring Misery back to life.
Lisey’s story is the story of Lisey Landon, a widow of a famous novelist, Scott Landon. After the death of her husband, a strange guy named Zach McCool called her and threatened her that if she would not turn over Scott’s documents, he would make her suffer. Lisey begins to remember strange events from her marriage that she had suppressed and finds clues that may help save her life.
King and his wife Tabitha own Zone Radio Corp, a radio station group in Bangor, Maine consisting of WZON/620 AM, WKIT-FM/100.3, and WZLO/103.1.
Controversies & Litigation
Stephen King vs. New Line Cinema 1992
King filed a lawsuit issued by a New York court in 1992 against New Line Cinema over intellectual property rights. The studio used the title of King’s short story for their film “The Lawnmower Man” and was using King’s name to sell the film.
He demanded that his name be removed from the film and its advertising.
In a settlement later that year, the studio agreed to pay the writer $2.5 million in damages.
However, in 1993, the author, being suspicious about the studio’s compliance, hired an investigator to check out video-store copies in five cities.
He then found out that the New Line had released the film with his name still attached to it.
Later, the court decided the studio should pay King $10,000 a day if his name were not removed by the end of the week.
In addition to that, the studio had to pay King any profit earned from the video.
In the end, the “King” had won the victory of the legal battle.
How Stephen King Spends His Money
With his humungous net worth, maybe you’re wondering what the “King” spends his money on?
Bear with me, because I’m going to show you how this author likes to splash his cash.
This King is a man of charity works. He donates a lot of money to charity.
King and his wife give scholarships to local students in Maine and contribute to many other local and national charities.
On a different note –
… King purchased a home in Bangor, Maine for $135,000 in 1980 which is estimated to be worth $853,579 today.
Stephen King Houses
The author and his wife have a Victorian home built in 1870 in Bangor, Maine. The interior of the house features 5 bedrooms and 6 bathrooms and a total of 4,952 square feet.
This waterfront mansion located in Casey Key, Sarasota, Florida offers a 6,817 square-foot home with three bedrooms, four bathrooms, a swimming pool, and a tennis court that was constructed around 2014.
The author bought this in April 2001 for $8.9 million.
Stephen King Cars
The King sure loves classic cars…
…but how do I know?
Well, we can infer it just by reading his books. If you’ve noticed, he often includes them in his volumes.
But can we tell if he really owns those cars written there?
We can assume he writes about the ones he owns.
So here are the cars that have been featured in some of his novels:
A 1959 Plymouth Fury
In the book titled Christine, we can see King’s fondness for anything with a wheel at each corner.
This book is all about a 1958 Plymouth Fury. The story revolves around a car with a peculiar past. It includes the demise of the wife and child of the previous owner – inside the car.
As the plot progresses, more fatalities transpire – each of which are connected to Christine.
We see that the car has taken human characteristics.
1953 Buick Roadmaster
Another horror novel of King which features a car is From a Buick 8. It’s a well-written imaginary ghost tale about the elusive vehicle.
It centers on the town of Statler in Pennsylvania, where the state police of troop D kept a strange 1954 Buick Roadmaster in the barracks since 1979.
It turns out the car isn’t what it appears to be – when the whole town is struck by unusual and supernatural occurrences.
1965 Ford Mustang
This car is featured in King’s novel Misery.
It’sabout a novelist Paul Sheldon who had a car accident riding his 1965 Ford Mustang on the way through the mountains in Colorado. He was rescued and held captive by a psychotic fan named Annie Wilkes, who forced him to write a novel for her.
1954 Ford Galaxie Sunliner
A classic car featured in 11/23/63 is a 1954 Ford Galaxie Sunliner.
In 11/23/63, the time traveler, Jake Epping, travels back in time to prevent the assassination of President John Kennedy.
He touched down in 1958.
He purchases a 1954 Ford Galaxie Sunliner as he tries to exist in a world of this era. As he transitions to life in mid-century America, the Ford Galaxy makes Epping change his identity.
Stephen King Philanthropy
Stephen King is not just an author, but he is also a philanthropist. He doesn’t hesitate to help, especially local people in his hometown, Maine.
Stephen together with his wife, Tabitha, founded the “Stephen and Tabitha King Foundation” which gives more than $2.8 million yearly to charities.
Each year, he donates $4 million to libraries, schools, and organizations that support the arts.
Aside from that, he donates lifesaving equipment to local fire departments in need of utility assistance.
Back in 2011 of November, his foundation donated $70,000 to help the families in Bangor, Maine pay for their heating bills.
Summary: Stephen King Net Worth
So there you have it…
…everything you need to know on how Stephen King made his fortune.
I’m sure you’ll agree, he’s one of the greatest authors of all time – demonstrated by the sheer volume of his sales.
What I found captivating in this article is the fact that he always has a heart for his hometown – and serving there by encouraging education in the arts.
I’m sure there’s a lot we can learn both from his huge success.
I hope you enjoyed this article – you might also want to check out Stephen King’s Bounce Mojo Bio, and the best of his memes.