Stephen King's Net Worth

What is Stephen King’s Net Worth? Stephen King’s net worth stands at $400 million dollars, an extraordinary amount of money that puts him in the top ten most affluent authors in the world today. But how did he earn it? And can other aspiring authors do the same? The answer to both questions is yes. Here’s what you need to know about King’s career, his money-making methods, and how you can apply them to your own writing aspirations.

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Early Life

Stephen Edwin King was born on September 21, 1947 in Portland, Maine. His father is Donald Edwin King, who served as a naval officer during World War II and worked for most of his life at various banks around Portland. Stephen was an introvert growing up who enjoyed reading literature by Edgar Allan Poe and other horror writers as well as creating his own stories to tell his friends. He began to write stories in his mid-teens which he would often carry with him when he went out into town. While in high school he created a magazine called Dave’s Rag which featured a story written by Stephen himself. The magazine did not do very well and only ended up printing three issues before it folded but it helped Stephen hone his writing skills for what would come later in life.

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Books and Movies

Stephen has over 350 novels, short stories, and movies. For example, The Stand which is a post-apocalyptic science fiction/fantasy horror novel was published in 1978. It is one of his most popular novels and it took him 5 years to write. People have been discussing Stephen’s net worth since he started writing when he was 15 years old. That happened because of Carrie which is a horror story about a socially outcast girl with telekinetic powers who uses them to get revenge on her tormentors at school after being pushed too far one day by her peers and their constant taunting and cruelty towards her.

Charity Donations

Yes, Stephen King is very rich. In fact, he’s estimated to be worth $400 million. But with that fame and fortune comes a lot of perks and those perks include celebrity-level charity donations. The author recently donated $18.8 million to fund scholarships at his alma mater, the University of Maine’s graduate school of arts and sciences. It was one of two generous donations he made to different colleges in 2016; he also gave $2 million to Sweet Briar College as part of their endowment campaign. And his contributions don’t stop there; for years, King has been donating about 4% of his annual income to philanthropic causes through a variety of organizations ranging from Greenpeace International to PEN America.

The Real Estate

Stephen King is an author of many different kinds of literature, most of which falls into the horror genre. The popularity and success of his novels has granted him one title in life that many people can only dream about having – he is now a millionaire, with a net worth estimated to be around $400 million. On top of his other writing successes, he is also a successful producer for film as well. He owns Dark Towers Productions and wrote scripts for such hits as Cat’s Eye and Silver Bullet. His acting career also includes appearances in movies like Maximum Overdrive, which was based on one of his own stories. With all these entertainment endeavors under his belt, it isn’t hard to see why he has so much money.

Assets & Expenses

Stephen has never been a very public figure, but there are still some ways to estimate his net worth. He’s purchased multiple properties around Maine as well as an island in Florida. And if you believe what he says, his vehicle collection is worth almost $1 million on its own. As for expenses, Stephen spends quite a bit of money paying taxes and keeping up with his various residences, both here and abroad. It’s no wonder that he drives a sensible Mercedes instead of something more luxurious. Stephen’s taxes alone run about 10% of his income every year—not too shabby for doing nothing.

Cars & Properties

The famous horror writer owns a $25 million mansion in Bangor, Maine. The 12,000-square-foot house has six bedrooms and five full bathrooms. His wife also owns a condominium in Florida that cost about $4 million when it was purchased. In 2013, Stephen was also rumored to have purchased an even larger home in Florida for his daughter. He is known to drive a Mercedes Benz SUV and often travels by private jet between his homes in Maine and Florida.