Ernest Hemingway Net Worth At Death – How Did He Get Rich?

Ernest Hemingway Net Worth At Death

Ernest Hemingway had an estimated net worth of $1.4 million at death. Nobel Prize winner Ernest Hemingway is seen as one of the great American 20th century novelists, and is known for works like ‘A Farewell to Arms’ and ‘The Old Man and the Sea.’ The majority of his income came from his career as a movelist, short-story writer and journalist.

Before publishing his story collection In Our Time, Ernest Hemingway served in World War I and worked in journalism. He was best known for novels such as The Sun Also Rises, A Farewell to Arms, For Whom the Bell Tolls, and The Old Man and the Sea, which received the Pulitzer Prize in 1953. Hemingway was awarded the Nobel Prize in Literature in 1954. On July 2, 1961, in Ketchum, Idaho, he committed suicide.

To calculate the net worth of Ernest Hemingway, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Ernest Hemingway
Net Worth: $1.4 million
Source of Wealth: Novelist, short-story writer, journalist

Early Life and Career

Ernest Miller Hemingway was born on July 21, 1899, in Cicero, Illinois (now Oak Park). Clarence and Grace Hemingway raised their son in this conservative Chicago suburb, but they also spent a lot of time in northern Michigan, where they had a cabin. The future sportsman learned to hunt, fish, and appreciate the outdoors there.

Hemingway wrote primarily about sports for his high school newspaper, Trapeze and Tabula. Immediately following graduation, the aspiring journalist began working for the Kansas City Star, gaining experience that would later influence his distinctively spare prose style.

He once stated: “You were forced to learn to write a simple declarative sentence on the Star. Anyone can benefit from this. Newspaper work will not harm a young writer and may even benefit him if he is able to get out of it in time.”

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Military Experience

Hemingway went overseas in 1918 to serve as an ambulance driver in the Italian Army during World War I. He was awarded the Italian Silver Medal of Bravery for his service, but he soon sustained injuries that landed him in a hospital in Milan.

He met a nurse named Agnes von Kurowsky there, who accepted his marriage proposal but later left him for another man. This devastated the young writer, but it served as inspiration for his works “A Very Short Story” and, more famously, A Farewell to Arms.

At the age of 20, still nursing his injury and recovering from the horrors of war, he returned to the United States and spent time in northern Michigan before taking a job at the Toronto Star.

Hemingway met Hadley Richardson, the woman who would become his first wife, in Chicago. They married and moved to Paris, where Hemingway worked as a foreign correspondent for the New York Times.

Life in Europe

In Paris, Hemingway quickly became a member of what Gertrude Stein dubbed “The Lost Generation.” With Stein as his mentor, Hemingway met many of his generation’s great writers and artists, including F. Scott Fitzgerald, Ezra Pound, Pablo Picasso, and James Joyce. Hemingway and Hadley had a son, John Hadley Nicanor Hemingway, in 1923. By this time, the author had also begun attending the famous San Fermin Festival in Pamplona, Spain.

In 1925, the couple traveled to the festival that would later serve as the inspiration for Hemingway’s first novel, The Sun Also Rises, along with a group of British and American expatriates. The novel is widely regarded as Hemingway’s masterpiece, artfully examining his generation’s postwar disillusionment.

Hemingway and Hadley divorced soon after the publication of The Sun Also Rises, due in part to his affair with a woman named Pauline Pfeiffer, who would become Hemingway’s second wife shortly after his divorce from Hadley was finalized. Men Without Women, the author’s collection of short stories, was still in the works.

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Critical Acclaim

Pauline became pregnant soon after, and the couple decided to return to America. They moved to Key West, Florida, after the birth of their son Patrick Hemingway in 1928, but spent the summers in Wyoming. During this time, Hemingway completed his celebrated World War I novel A Farewell to Arms, ensuring his place in the literary canon for the rest of his life.

Hemingway spent much of the 1930s chasing adventure, including big-game hunting in Africa, bullfighting in Spain, and deep-sea fishing in Florida. During his reporting on the Spanish Civil War in 1937, Hemingway met a fellow war correspondent named Martha Gellhorn (soon to become wife number three) and gathered material for his next novel, For Whom the Bell Tolls, which was nominated for the Pulitzer Prize.

His marriage to Pfeiffer failed predictably, and the couple divorced. Soon after, Gellhorn and Hemingway married and bought a farm near Havana, Cuba, for their winter home.

When the United States entered World War II in 1941, Hemingway served as a correspondent and was present at many pivotal moments of the war, including the D-Day landing. Hemingway met another war correspondent, Mary Welsh, near the end of the war, whom he later married after divorcing Gellhorn.

In 1951, Hemingway published The Old Man and the Sea, which became perhaps his most famous work and finally earned him the Pulitzer Prize he had long sought.

Personal Struggles and Suicide

The author continued his journeys into Africa, suffering several injuries and even surviving multiple plane crashes.

He was awarded the Nobel Prize in Literature in 1954. Even at the pinnacle of his literary career, Hemingway’s body and mind were beginning to fail him. Hemingway suffered from depression while recovering from various old injuries in Cuba, and he was treated for a variety of conditions including high blood pressure and liver disease.

He retired to Idaho after writing A Moveable Feast, a memoir of his years in Paris. There, he struggled with his deteriorating mental and physical health.

Hemingway committed suicide in his Ketchum home early on July 2, 1961.


Hemingway left an impressive body of work as well as an iconic style that continues to influence writers today. His personality and constant search for adventure loomed almost as large as his creative ability.

When asked about the function of his art by George Plimpton, Hemingway demonstrated his mastery of the “one true sentence” once more: “From things that have happened and from things as they exist and from all that you know and all that you cannot know, you make something through your invention that is not a representation but a whole new thing truer than anything true and alive, and you make it alive, and if you make it well enough, you give it immortality.”

“A Room on the Garden Side,” a 62-year-old short story by Hemingway, was published for the first time in The Strand Magazine in August 2018. The story, set in Paris shortly after the city’s liberation from Nazi forces in 1944, was one of five written by the author in 1956 about his World War II experiences. It was the second story in the series to be published posthumously, following “Black Ass at the Crossroads.”

Further Reading

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