What Is The Net Worth Of Stephen King?

Stephen King is an American author who specializes in the genre of supernatural fiction, horror, and fantasy novels. He has sold over 350 million copies of his books, some of which have been adapted to films, TV Series, and comics too. He is one of the richest authors as of 2022, with a net worth of $500 million.

King has also received many awards for his work including Bram Stroker Award, World Fantasy Awards, and British Fantasy Society Awards.

Stephen King: Income Sources, Salary, And Earnings

King’s bibliography consists of over 58 novels and 200 short stories, that have lent him to his massive net worth of $500 million.

His career began when he sold his first professional short story, “The Glass Floor,” to Startling Mystery Stories in 1967. Taking about his early struggles, he once was unable to pay a fine of $250 for hitting a traffic cone, which he later fulfilled by selling his stories to a magazine.

After his fourth novel, Carrie was chosen for publication in 1973 with an advance of $2500 from publisher Doubleday with which he bought a Ford Pinto. His publishing rights were bought by New American Library, for $400,000, a sum he split with Doubleday.  

After that, his career got a boost, with him writing infamous novels including Salem’s Lot(1975), The Shining(1977), The Dark Tower and It(1986).

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His books have also been turned to hugely successful films. They include:

Movies Budget Box Office
Carrie(1976) $1.8 million $33.8 million
The Shining(1980) $19 million $44 million
Cujo(1983) $8 million $21 million
Pet Sematary(2019) $21 million $112 million
IT(2017) $35 million $700 million

He received a 10% author’s cut of the profits made by the film. He currently has an average earning of $27 million annual, just below JK Rowling.

He also appeared in an interview with George RR Martin in 2016, for his new novel, End of Watch. 

His net worth can be compared to other writers like Whoopi Goldberg, Henry Winkler, and John Green.

Stephen King’s Assets: House, Cars, Lifestyle, And Expenses

King owns 2 properties, one in Maine and the other in Florida. He primarily and famously lives in the Maine house. He has designed the house in a “cliche-horror” fashion with a large yard, leafless trees, 119th-century architecture and a gate with spikes and deathbeds.

His winter retreat in Florida is much more modern and luxurious spanning an area of 6,817 square foot consisting of 3 bedrooms, 4 bathrooms, a swimming pool and a tennis court that King later added in 2014. He purchased this house in April 2019 for a reported $8.9 million.

Stephen probably drives expensive and luxurious cars. Although not much is known about Stephen’s personal car collection, he has written novels based on many classic cars, so we wouldn’t be surprised if he actually had some of them in his own garage.

Stephen King’s Charity And Endorsements

King has stated that he donates approximately $4 million per year “to libraries, local fire departments that need updated lifesaving equipment, schools, and a scattering of organizations that underwrite the arts.

The Stephen and Tabitha King Foundation established by King and his wife, ranks sixth among Maine charities in terms of average annual giving with over $2.8 million in grants per year, according to The Grantsmanship Center.

In November 2011, the foundation also donated $70,000 in matched funding via his radio station to help pay the heating bills for families in need in his home town of Bangor, Maine, during the winter.

He is endorsed by the publishing company, Scribner. 

Tax And Insurance

The exact details of King’s taxes and insurances are not public knowledge but based on his net worth and earnings, it can be assumed that he has all of his tax and insurance needs met.

Regarding taxes imposed on rich people, King has commented, “If you want to pay more, pay more, they said. Tired of hearing about it, they said. Tough shit for you guys, because I’m not tired of talking about it. I’ve known rich people, and why not, since I’m one of them?

The majority would rather douse their dicks with lighter fluid, strike a match, and dance around singing ‘Disco Inferno’ than pay one more cent in taxes to Uncle Sugar.” He believes that rich people should be obliged to pay more tax proportionately based upon their income.

Stephen King’s Personal Life (Biography): Relationship, Children

Stephen King was born on September 21st, 1947 in Portland, Maine under the name Stephen Edwin Pollock to parents Donald Edwin King and Nellie Ruth.

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His father had left the family when King was ten years old, and so was raised with his siblings by his mother under great financial burden. He attended Lisbon High School and graduated from the University Of Maine with a BA degree in English.

King married Tabitha Spruce on 2nd January 1971. The couple has 3 children, sons Owen and Joseph and daughter, Naomi King. Both of his sons are authors and his daughter is a lesbian church minister. He has 4 grandchildren.

He also had a serious drinking problem during the 70s that lasted over a decade. So much so that he was drunk even during his mother’s funeral. Claiming in his memoir that he barely even remembers writing Cugo during that time.

Stephen King turned sober after the novel was published when his family confronted him with his addiction to a staged intervention.

Stephen King is at the age of 75. He stands at a height of  6 feet 4 inches.