Stephen King Net Worth 2022 (Forbes) – Wife, Height, House, Quotes

With income from book royalties, merchandising deals, income from rights to movies and TV shows, Stephen King has amassed a net worth of $500 Million as of 2022.

Stephen King, an American author, is one of the most well-known writers of horror, suspense, and science fiction today. He has written more than 50 novels and hundreds of short stories. King is best known for writing the horror novel “It,” which is about a mysterious, evil being that scares children. 

He is one of the most popular horror writers, and his books always make people feel scared, terrified, and frightened. The author, who usually writes under his real name, used to write under the name “Richard Bachman.” 

After it came out that Richard Bachman was actually Stephen King, sales of his books went through the roof. King writes a lot and has won many awards, including the highly regarded Bram Stoker Awards. King had a hard childhood because he was raised by a single mother when times were hard financially. 

As a young boy, he saw a friend get hit by a train and die horribly in front of him. This might have given him ideas for some of his darker works. His first book to be published was called “Carrie.” It was so popular that it was turned into movies and shows on Broadway.

Today we’re going to discuss how much money Stephen King has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Stephen King. So be sure to read to the end.

Stephen King Net Worth 2022

Stephen King has an estimated net worth of $500 Million in 2022. He is a ‘New York Times’-bestselling novelist who made his name in the horror and fantasy genres with books like ‘Carrie,’ ‘The Shining’ and ‘IT.’ Much of his work has been adapted for film and TV. One of the highest-paid authors in the world, his books bring in more than $30 million in royalties every year.

Stephen King graduated from the University of Maine and became a teacher before establishing himself as a writer. Carrie, King’s first horror novel, was a huge success. Upon publication of “Carrie,” King received an advance of $2,500 (equivalent to $14,525 today). Currently, the paperback rights for the book are worth $2.3 million.

He also published work under the pseudonym Richard Bachman. King has produced both critically acclaimed and commercially successful titles over the years. His books have sold more than 350 million copies worldwide and have been adapted into a number of successful films.

In the world of horror thrillers, ‘The Shining’ played a major role in making him famous. It was his first bestseller which was later made into a movie of the same name by director Stanley Kubrick.

He explored themes such as childhood trauma, memory power, and phobias for the first time in his novel ‘It’, which concerns a mysterious being that terrorizes children, themes that would reoccur in his future works. The novel had been adapted into several plays and films.

His novella “Rita Hayworth and the Redemption of the Shawshanks” is undoubtedly one of his most famous works, made famous by the 1994 film “The Redemption of the Shawshanks”, which was nominated for several Oscars.

In the last five years, Stephen King has earned $125 million from his books. Among King’s best-selling books are 

  • The Stand
  • The Shining (novel)
  • It (novel)
  • Misery (novel)
  • ‘Salem’s Lot

In addition to income from book royalties, Stephen also earns money from merchandising deals, screen rights from film adaptations and TV shows, etc. 

In recent years, adaptations of King’s works continue to populate screens large and small. In 2017, the first season of Mr. Mercedes aired on the Audience Network, while a remake of the horror classic IT garnered significant box office. 

That year also saw the publication of the tireless writer’s 61st novel, The Institute, about children with supernatural abilities who are taken away from their parents and imprisoned by a mysterious organization.

In most cases, when the screen rights are sold (or when the option is “exercised”) the writer usually gets a sum equal to 2.5% of the budget. For example, Warner Bros.’ “It” movie in 2017 was an adaptation of Stephen King’s 1986 novel. It grossed $700 million worldwide off of a $35 million production budget. That means Stephen King was paid around $875,000 for the movie right.

King has also worked directly in television, writing for series such as Kingdom Hospital and Under the Dome, the latter based on his 2009 novel. In 2011 he published 11/22/63, a novel about time travel to prevent the assassination of President John F. Kennedy.

To calculate the net worth of Stephen King, 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 student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Stephen King
Net Worth: $500 Million
Monthly Salary: $3 million+
Annual Income: $30 million+
Source of Wealth: Writer, Screenwriter, Television producer, Actor, Columnist, Film director, Novelist

Stephen King Net Worth Last 5 Years

Net Worth 2022: $500 Million
Net Worth 2021: $480 Million
Net Worth 2020: $460 Million
Net Worth 2019: $450 Million
Net Worth 2018: $420 Million

How Much Money Did Stephen King Make From His Books?

Most publishers pay royalties based on the retail price of the book. This means that if the retail price is $20 and the royalty rate is 5%, you will earn $1 per book sold. With more than $350 million copies of his books having been sold worldwide, Stephen King has earned over $100 million from book royalties over the years.

Stephen King has written over 60 novels, including seven under the name Richard Bachman, and six non-fiction books. A number of them, including “Carrie,” “It,” “Stand by Me,” “The Shawshank Redemption,” “The Stand,” “Misery” and “The Shining,” have been adapted into films or broadcast on TV. He is often referred to as the king of horror.

In 1973, King sold his first novel, Carrie, the story of a tormented teenager who takes revenge on her classmates. The book became a great success after being published the following year, allowing him to devote himself entirely to writing. 

It was later made into a movie with Sissy Spacek in the title role. Other popular novels soon followed, including Salem’s Lot (1975), The Shining (1977), Firestarter (1980), Cujo (1981) and IT (1986).

While writing novels about vicious, rabid dogs and sewer-dwelling monsters – as in Cujo and IT – King published several books as Richard Bachman. Four early novels-Rage (1977), The Long Walk (1979), Roadwork (1981), and The Running Man (1982)-were published under this pseudonym because King feared that the public wouldn’t accept more than one book by an author in a year. 

He got the idea for the pseudonym after seeing a novel by Richard Stark (actually a pseudonym of Donald Westlake) on his desk and listening to the song “You Ain’t Seen Nothin’ Yet” by Bachman Turner Overdrive on his record player.

He also put a lot of work into a fantasy series called The Dark Tower. In this series, he created a whole new world. Roland, the gunslinger, tries to find “the man in black” in this world. The series was also made into a movie starring Idris Elba as Roland the gunslinger. Despite costing only $66 million, The Dark Tower (2017 film) grossed $113.2 million worldwide. The film reportedly earned Stephen King at least five million dollars, which contributed to his wealth.

King also wrote Joyland (2013), a pulp fiction-style thriller that takes readers on a journey to find out who is behind an unsolved murder. And he surprised audiences with the release of Doctor Sleep (2013), a sequel to The Shining, with Sleep landing at # 1 on the New York Times bestseller list.

After that, the author published Mr. Mercedes (2014), Finders Keepers (2015), and End of Watch (2016) completing the crime trilogy. In 2017, he published Sleeping Beauties with his son Owen about a mysterious pandemic in which women are wrapped in cocoons. That same year, he completed another collaboration with Richard Chizmar on the novella Gwendy’s Button Box.

Two horror films based on his book “It”, which has more than 1300 pages, were made in 2017 and 2019, grossing $701.8 million and $473 million, respectively. It makes them the highest-grossing horror films of all time. King’s book sales have also increased. According to Forbes, he sold 2.7 million books in the United States alone in 2018.

Stephen King earned $17 million the following year. Although book sales were not as good as they could have been, he made $8 million from the new hit film based on the book. It was the most successful horror movie of all time.

Also worth mentioning is that Frank Darabont’s films like The Mist ($57 million), The Green Mile ($287 million), and The Shawshank Redemption ($58 million) greatly contributed to King’s wealth. Both IMDB and Rotten Tomatoes rank the last two films as among the best.

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How Much Money Did Stephen King Make From Film Adaptations?

Stephen King has an impressive history at the box office. Movies based on his books and short stories have been very lucrative since 1976 when Carrie became a cultural phenomenon. His filmography has contributed significantly to his net worth of around $500 million.

Although many of King’s works have been adapted for film or television-Cujo and Firestarter were released in 1983 and 1984, respectively, and It debuted as a miniseries in 1990-The Shining, released in 1980 and starring Jack Nicholson and Shelley Duvall, has become a famous horror thriller that has withstood the test of time.

Throughout much of his career, King wrote novels and short stories at breakneck speed. In the 1980s and 1990s, he published several books a year. His compelling, suspenseful stories served as inspiration for numerous films, both big and small screen. In 1990, Kathy Bates and James Caan starred in the commercially successful film adaptation of Misery, with Bates winning an Oscar for her portrayal of the psychotic Annie Wilkes.

Four years later, The Shawshank Redemption, starring Tim Robbins and Morgan Freeman and based on one of his stories, was another critically acclaimed film that received several Oscar nominations. 

The Stand, King’s 1978 novel, was adapted into a miniseries in 1994 starring Molly Ringwald and Gary Sinise, and The Green Mile, a serialized story published in the mid-1990s, was made into a prison movie in 1999 starring Tom Hanks and Michael Clarke Duncan.

The 2017 film It is the highest-grossing film of King’s career, grossing $327.5 million domestically and $700.4 million worldwide. Even accounting for ticket price inflation, no other film based on a Stephen King book comes close to that total.

The closest major competitor is 1999’s The Green Mile, a film starring Tom Hanks that grossed $136.8 million in the U.S. and $286.8 million worldwide. After adjusting for inflation, the total box office is $235.3 million, which easily puts the film in second place in King’s filmography.

After that, It: Chapter Two is technically the next highest-grossing film in King’s career. But that’s only true if you do not factor in inflation. 

While nearly a dozen of his films have grossed between $30 million and $70 million at the box office, those totals shoot up to more than $100 million when you factor in ticket price inflation. These films include Carrie, Misery, Pet Sematary (1989) and Stand By Me.

Now we’ll break down King’s filmography in worldwide gross adjusted for inflation:

  • It ($700.4 million)
  • The Green Mile ($286.8 million)
  • It: Chapter Two ($190.5 million)
  • 1408 ($132 million)
  • The Dark Tower ($113.2 million)
  • Pet Sematary (2019) ($112.4 million)
  • Secret Window ($92.9 million)
  • Carrie (2014) ($84.8 million)
  • Dreamcatcher ($75.7 million)
  • Misery ($61.3 million)

We used the data from the Box Office History for Stephen King Movies found on Box Office Mojo and took into account the inflation-adjusted domestic earnings.

How Much Does Stephen King Make A Year?

The annual income of Stephen King is more than $30 million. 

How Much Are Stephen King’s Cars Worth?

Stephen King recently bought a Lamborghini Aventador for $1 million. He also owns a Rolls-Royce Ghost worth $650,000 USD. Below are some other cars Stephen King owns:

  • Audi Q8 ($69,300 starting price)
  • Porsche Panamera (the base Panamera retails for $88,400)
  • Lexus GX. ($56,700 starting price)

What House Does Stephen King Own?

King and his wife own three homes and divide their time between them.

Their home in Bangor, Maine, was built in 1870 and was their primary residence for years, but will soon become a museum and writer’s retreat.

They also own a summer home near the New Hampshire border in the lakes region of Lowell, Maine. They also own a mansion on the Gulf of Mexico in Sarasota, Florida.

In Portland, Maine, Stephen King lives in a luxurious home that is 13,300 square feet. The property was purchased by Stephen King for a price of $49 million.

The estate has 8 bedrooms, 10 bathrooms, a home theater, four fireplaces, two swimming pools, Roman-style furnishings, and more.

What Awards Did Stephen King Receive?

The Bram Stoker Award for Lifetime Achievement was given to King and J. N. Williamson in 2002 for their important work in the horror writing genre. He has also won more than one Bram Stoker Award.

In 2003, the National Book Awards, which were started in 1936 by the American Booksellers Association, gave him the Medal of Distinguished Contribution to American Letters.

Stephen King’s Early Life and Education

Stephen Edwin King was born on September 21, 1947, in Portland, Maine. King is considered one of the most famous and successful horror authors of all time.

His parents, Donald and Nellie Ruth Pillsbury King, separated when he was very young, and he and his brother David lived between Indiana and Connecticut for several years. Later, King moved back to Maine with his mother and brother. There he graduated from Lisbon Falls High School in 1966.

For university, King stayed close to home and attended the University of Maine at Orono. There he wrote for the school’s newspaper and was a member of the student government.

While in university, King published his first short story, which appeared in Startling Mystery Stories. After graduating with a degree in English in 1970, he tried to find a teaching job, but initially had no luck.

King took a job in a laundry and continued writing stories in his spare time until he began working as an English teacher at Hampden Academy in late 1971. That year he also married fellow writer Tabitha Spruce.

Stephen King’s Personal Life and Wife

King and his wife, a novelist, live alternately in Florida and Maine. They have three children: Naomi Rachel, a minister; Joseph Hillstrom, who writes under the pseudonym Joe Hill and is himself an acclaimed author of horror novels; and Owen Phillip, whose first collection of stories was published in 2005.

In honor of his prolific output and craftsmanship, King was awarded the National Medal of Arts in 2015.

Outside of writing, King is a music fan. He even sometimes plays guitar and sings in a band called Rock Bottom Remainders with other literary stars such as Dave Barry, Barbara Kingsolver and Amy Tan. The group has performed a few times over the years to raise money for charity.

Stephen King Height and Weight

Stephen King is 6 ft 3 in (1.93 m) tall and he weighs around 75 kg. 

Stephen King Age and Birthday

Stephen King was born on Sep 21, 1947, in Portland, Maine, United States. He is 74 years old as of June 2022.

Favorite Stephen King Quotes

When his life was ruined, his family killed, his farm destroyed, Job knelt down on the ground and yelled up to the heavens, ‘Why god? Why me?’ and the thundering voice of God answered, ‘There’s just something about you that pisses me off.’

 

And in real life endings aren’t always neat, whether they’re happy endings, or whether they’re sad endings.

 

I watched Titanic when I got back home from the hospital, and cried. I knew that my IQ had been damaged.

Every book you pick up has its own lesson or lessons, and quite often the bad books have more to teach than the good ones.

 

People want to know why I do this, why I write such gross stuff. I like to tell them I have the heart of a small boy… and I keep it in a jar on my desk.

 

God is cruel. Sometimes he makes you live.

 

Let’s face it. No kid in high school feels as though they fit in.

View our larger collection of the best Stephen King quotes.

Further Reading

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How To Become Rich Like Stephen King?

Stephen King did not become rich by luck. To become as rich as Stephen King, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Stephen King one day.

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