Albert Einstein Net Worth
Albert Einstein had an estimated net worth of $1 million at death. Albert Einstein was a physicist who developed the general theory of relativity. He is considered one of the most influential scientists of the 20th century. He earned most of his income from his work as a professor, researcher, and royalties.
Albert Einstein was a German mathematician and physicist who developed the special and general theories of relativity. In 1921, he received the Nobel Prize in Physics for his explanation of the photoelectric effect. In the following decade, he emigrated to the United States after being persecuted by the German Nazi Party.
His work also had a major impact on the development of atomic energy. In his later years, Einstein focused on unified field theory. With his drive for research, Einstein is generally considered the most influential physicist of the 20th century.
After his death, he is consistently ranked as one of the highest-paid dead celebrities. The licensing of his name and likeness, especially for the “Baby Einstein” product line, earns Einstein’s beneficiaries millions of dollars in royalties every year.
To calculate the net worth of Albert Einstein, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.
All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$1 Million|
|Monthly Salary:||$20 Thousand|
|Annual Income:||$300 Thousand|
|Source of Wealth:||Physicist, Scientist, Writer, Philosopher, Theoretical Physicist, Mathematician, Author, Teacher|
Early Life & Family
Einstein was born in Ulm, Württemberg, Germany, on March 14, 1879. Einstein grew up in a non-religious Jewish family. Hermann Einstein, his father, was a salesman and engineer who founded Elektrotechnische Fabrik J. Einstein & Cie, a Munich-based company that mass-produced electrical equipment, with his brother.
The family was run by Einstein’s mother, the former Pauline Koch. Maja Einstein, Einstein’s sister, was born two years after him.
Einstein went to Munich’s Luitpold Gymnasium for elementary school. He felt isolated there, however, and struggled with the institution’s rigid pedagogical style.
He also had speech difficulties, but he developed a passion for classical music and playing the violin that he carried with him into his later years. Most notably, Einstein’s youth was marked by intense curiosity and inquiry.
Max Talmud, a Polish medical student who occasionally dined with the Einstein family, became an informal tutor to young Einstein near the end of the 1880s. Talmud had introduced Einstein to a children’s science book that had inspired him to fantasize about the nature of light.
Thus, while still in his teens, Einstein wrote his first major paper, “The Investigation of the State of Aether in Magnetic Fields.”
In the mid-1890s, Hermann Einstein relocated his family to Milan, Italy, after his company lost a major contract.
Einstein was abandoned at a relative’s boarding house in Munich to finish his education at the Luitpold Gymnasium.
When he reached the age of 18, Einstein allegedly withdrew from classes, using a doctor’s note to excuse himself and claim nervous exhaustion. With their son returning to them in Italy, Einstein’s parents understood his point of view but were concerned about his future prospects as a high school dropout and draft evader.
Einstein was eventually admitted to the Swiss Federal Institute of Technology in Zurich, owing to his outstanding entrance exam scores in mathematics and physics.
He was still required to complete his pre-university education first, so he attended Jost Winteler’s high school in Aarau, Switzerland. Einstein lived with the schoolmaster’s family and fell in love with Marie Winteler, the schoolmaster’s daughter. At the turn of the century, Einstein renounced his German citizenship and became a Swiss citizen.
After graduation, Einstein faced significant difficulties in finding academic positions, having alienated some professors by not attending class more frequently in favor of studying independently.
After receiving a referral for a clerk position in a Swiss patent office in 1902, Einstein eventually found steady work. While working at the patent office, Einstein had the opportunity to further investigate ideas that had taken hold during his studies at the Swiss Federal Institute of Technology, cementing his theorems on the principle of relativity.
Many consider 1905 to be Einstein’s “miracle year,” with four papers published in Annalen der Physik, one of the most prestigious physics journals of the time. Two of them concentrated on the photoelectric effect and Brownian motion. The two others, which defined E=MC2 and the special theory of relativity, were pivotal in Einstein’s career and the course of physics research.
Wife and Children
On January 6, 1903, Einstein married Mileva Maric. Einstein met Maric, a Serbian physics student, while attending school in Zurich. Einstein grew closer to Maric, but his parents were strongly opposed to the relationship because of her ethnic background.
Nonetheless, Einstein continued to see her, and the two began a correspondence in which he expressed many of his scientific ideas through letters. Einstein’s father died in 1902, and the couple married soon after.
The couple had a daughter, Lieserl, the same year, who may have been raised by Maric’s relatives or placed for adoption. Her ultimate fate and whereabouts are unknown.
Hans Albert Einstein (who became a well-known hydraulic engineer) and Eduard “Tete” Einstein were the couple’s two sons (who was diagnosed with schizophrenia as a young man).
The Einsteins’ marriage would end in divorce in 1919, with Maric suffering an emotional breakdown as a result of the split. As part of a settlement, Einstein agreed to give Maric any funds he might receive from winning the Nobel Prize in the future.
During his marriage to Maric, Einstein had started an affair with a cousin, Elsa Löwenthal. The couple married in 1919, the year Einstein divorced.
Throughout his second marriage, which ended with Löwenthal’s death in 1936, he continued to see other women.
Nobel Prize for Physics
Einstein received the Nobel Prize in Physics in 1921 for his explanation of the photoelectric effect, despite the fact that his theories on relativity were still considered dubious. Due to a bureaucratic snafu, he didn’t receive the award until the following year, and he still chose to speak about relativity during his acceptance speech.
Throughout the development of his general theory, Einstein held the belief that the universe was a fixed, static entity, aka a “cosmological constant,” despite the fact that his later theories directly contradicted this idea and asserted that the universe could be in a state of flux.
During a meeting at the Mount Wilson Observatory near Los Angeles in 1931, astronomer Edwin Hubble deduced that we do indeed live in an expanding universe.
Inventions and Discoveries
As a physicist, Einstein made numerous discoveries, but his theory of relativity and the equation E=MC2 are perhaps best known for foreshadowing the development of atomic power and the atomic bomb.
Theory of Relativity
In his paper “On the Electrodynamics of Moving Bodies,” Einstein proposed a special theory of relativity for the first time in 1905, taking physics in an electrifying new direction. Einstein completed the general theory of relativity by November 1915. Einstein considered this theory to be the pinnacle of his life’s work.
He was persuaded by general relativity’s merits because it allowed for a more accurate prediction of planetary orbits around the sun, which Isaac Newton’s theory fell short of, as well as a more expansive, nuanced explanation of how gravitational forces worked.
Observations and measurements by British astronomers Sir Frank Dyson and Sir Arthur Eddington during the 1919 solar eclipse confirmed Einstein’s claims, and a global science icon was born.
Einstein proposed the equation E=MC2 in his 1905 paper on the matter/energy relationship: the energy of a body (E) is equal to the mass (M) of that body times the speed of light squared (C2). This equation implied that tiny particles of matter could be converted into massive amounts of energy, ushering in the age of atomic power.
Max Planck, a famous quantum theorist, backed up Einstein’s assertions, and he became a star of the lecture circuit and academia, holding various positions before becoming director of the Kaiser Wilhelm Institute for Physics (now known as the Max Planck Institute for Physics) from 1917 to 1933.
With the publication of The Travel Diaries of Albert Einstein: The Far East, Palestine, and Spain, 1922-1923 in 2018, readers were given a glimpse into some of Einstein’s unfiltered private thoughts as a young man.
In the autumn of 1922, the young scientist embarked on a sea voyage to Japan with his second wife Elsa in Marseilles, France.
They traveled via the Suez Canal to Ceylon, Singapore, Hong Kong, Shanghai, and Japan. In March 1923, the couple returned to Germany via Palestine and Spain.
The Travel Diaries contained unflattering analyses of the people he met, including Chinese and Sri Lankans, which surprised those who knew him for vehemently opposing racism in his later years.
In a November 1922 entry, Einstein refers to Hong Kong residents as “People who are hardworking, filthy, and sluggish… Even the children appear to be spiritless and lethargic. It would be unfortunate if the Chinese supplanted all other races.”
Becoming a U.S. Citizen
Einstein began working at the Institute for Advanced Study in Princeton, New Jersey, in 1933. At the time, the Nazis, led by Adolf Hitler, were gaining prominence in an impoverished post-World War I Germany through violent propaganda and vitriol.
Other scientists were influenced by the Nazi Party to label Einstein’s work “Jewish physics.” Jewish citizens were barred from university and other official positions, and Einstein himself was targeted for assassination. Meanwhile, other European scientists fled regions threatened by Germany and immigrated to the United States, fearful of Nazi plans to develop an atomic weapon.
Einstein never returned to his native land after leaving. Einstein would spend the rest of his life at Princeton working on a unified field theory—an all-encompassing paradigm intended to unify the various laws of physics.
Einstein expressed appreciation for American “meritocracy” and the opportunities for free thought not long after starting his career at Princeton, a stark contrast to his own experiences growing up.
Einstein was granted permanent residency in his adopted country in 1935, and five years later he became an American citizen. During WWII, he worked on Navy-based weapons systems and donated large sums of money to the military by auctioning off manuscripts worth millions.
Einstein and the Atomic Bomb
In 1939, Einstein and fellow physicist Leo Szilard wrote to President Franklin D. Roosevelt to warn him of the possibility of a Nazi bomb and to rally the US to develop its own nuclear weapons.
The United States would eventually launch the Manhattan Project, though Einstein would not be directly involved in its execution due to his pacifist and socialist beliefs. J. Edgar Hoover, the director of the FBI, also scrutinized and distrusted Einstein.
After learning of the 1945 bombing of Hiroshima, Japan, Einstein became an outspoken opponent of the use of the atomic bomb. The following year, he and Szilard established the Emergency Committee of Atomic Scientists, and in 1947, Einstein advocated working with the United Nations to keep nuclear weapons as a deterrent to conflict in an essay for The Atlantic Monthly.
Member of the NAACP
Einstein joined the National Association for the Advancement of Colored People (NAACP) in the late 1940s, seeing parallels between the treatment of Jews in Germany and African Americans in the United States.
In a 1946 Lincoln University speech, he called racism a “disease” and corresponded with scholar/activist W.E.B. Du Bois and performing artist Paul Robeson.
Time Travel and Quantum Theory
After WWII, Einstein worked on his unified field theory and key aspects of his general theory of relativity, such as time travel, wormholes, black holes, and the origins of the universe.
He felt isolated in his endeavors, however, because the majority of his colleagues had begun to focus their attention on quantum theory.
In his final decade, Einstein, who had always considered himself a loner, withdrew even further from the spotlight, preferring to stay close to Princeton and immerse himself in idea processing with colleagues.
Einstein died on April 18, 1955, at the University Medical Center in Princeton, at the age of 76. Einstein had suffered an abdominal aortic aneurysm the day before, while working on a speech to commemorate Israel’s seventh anniversary.
He was taken to the hospital for treatment, but he refused surgery because he believed he had lived his life and was content with his fate. He stated at the time, “I want to go when I want.” “Artificially extending life is revolting. I’ve done my part, and now it’s time for me to leave. I’ll do it gracefully.”
Pathologist Thomas Stoltz Harvey removed Einstein’s brain during his autopsy, reportedly without his family’s consent, for preservation and future study by neuroscientists.
However, Einstein participated in brain studies during his lifetime, and at least one biography claimed he hoped researchers would study his brain after he died. The Princeton University Medical Center now houses Einstein’s brain. In accordance with his wishes, the remainder of his body was cremated and the ashes were scattered in a remote location.
In 1999, Canadian scientists studying Einstein’s brain discovered that his inferior parietal lobe, which processes spatial relationships, 3D visualization, and mathematical thought, was 15% larger than in people with average intelligence. The researchers believe it may help explain why Einstein was so brilliant, according to The New York Times.
Since Einstein’s death, a veritable mountain of books on the iconic thinker’s life has been written, including Einstein: His Life and Universe by Walter Isaacson and Einstein: A Biography by Jürgen Neffe, both published in 2007. The collection The World As I See It includes Einstein’s own words.
A team of scientists confirmed one aspect of Einstein’s general theory of relativity in 2018, namely that light from a star passing close to a black hole is stretched to longer wavelengths by the overwhelming gravitational field.
Tracking star S2, their measurements revealed that the star’s orbital velocity increased to more than 25 million kph as it approached the supermassive black hole at the center of the galaxy, with its appearance shifting from blue to red as its wavelengths stretched to escape gravity’s pull.
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