Stephen King Net Worth
Stephen King has an estimated net worth of $500 Million. 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 was born in Portland, Maine, on September 21, 1947. He attended the University of Maine and later worked as a teacher while developing his writing career. Carrie, King’s first horror novel, was a huge success, despite the fact that he had previously published work under the pen name Richard Bachman. King has become known for titles that have been both commercially successful and critically acclaimed over the years. His books have sold over 350 million copies worldwide and have been adapted into a number of successful films.
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:
|Net Worth:||$500 Million|
|Monthly Salary:||$2 million|
|Annual Income:||$30 million|
|Source of Wealth:||Writer, Screenwriter, Television producer, Actor, Columnist, Film director, Novelist|
Early Life and Education
Stephen Edwin King was born in Portland, Maine, on September 21, 1947. King is widely regarded as one of the most well-known and successful horror writers of all time. His parents, Donald and Nellie Ruth Pillsbury King, divorced when he was very young, and he and his brother David spent several years dividing their time between Indiana and Connecticut. Later, King returned to Maine with his mother and brother. In 1966, he graduated from Lisbon Falls High School.
King attended the University of Maine at Orono for college, staying close to home. He wrote for the school newspaper and was a member of the student government there. While still in high school, King published his first short story in Startling Mystery Stories. After receiving his bachelor’s degree in English in 1970, he attempted to find work as a teacher but was unsuccessful at first. King went to work in a laundry and continued to write stories in his spare time until late 1971, when he started working as an English teacher at Hampden Academy. That same year, he married fellow writer Tabitha Spruce.
King of Thrills and Chills
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 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.
Television and Film Adaptations
Although many of King’s works were adapted into films or published at TV – Cujo and Firestarter were released in 1983 and 1984, respectively, while It premiered as a miniseries in 1990 – The Shining, released in 1980 and starring Jack Nicholson and Shelley Duvall, became a famous horror thriller that has stood the test of time.
Throughout much of his career, King wrote novels and short stories at a breakneck pace. In the 1980s and ’90s, he usually published several books a year. His compelling, suspenseful stories continued to serve as the basis for numerous films for the big and small screen. Actress Kathy Bates and actor James Caan starred in the commercially successful 1990 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, became another acclaimed film that received several Oscar nominations. King’s 1978 novel The Stand was adapted as a miniseries in 1994 starring Molly Ringwald and Gary Sinise, while the mid-1990s sequel The Green Mile was turned into a prison movie in 1999 starring Tom Hanks and Michael Clarke Duncan.
King continues to be involved in provocative projects. He has worked directly for 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.
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 No. 1 on the New York Times bestseller list.
After that, the author published Mr. Mercedes (2014), Finders Keepers (2015) and End of Watch (2016) completed the crime trilogy. In 2017, he and his son Owen published Sleeping Beauties, which is about a mysterious pandemic that cocoons women. That same year, he completed another collaboration with Richard Chizmar on the novella Gwendy’s Button Box.
Meanwhile, film adaptations of King’s works continue to populate the big and small screens. In 2017, the first season of Mr. Mercedes aired on the Audience Network, while a remake of the horror classic, IT, had a respectable box office. In 2019, a film adaptation of Doctor Sleep and IT Chapter Two will hit theaters, as will a reboot of another King title, Pet Sematary.
This 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.
King and his wife, a novelist, live 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 sometimes even 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 several times over the years to raise money for charity.
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.
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.
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