HomeNet WorthStephen King Net Worth: Career & Books

Stephen King Net Worth: Career & Books

Stephen King, a well-known American author of horror, supernatural fiction, suspense, and fantasy literature, has a net worth of $500 million.

King is the author of 61 novels (seven of which were published under the pen name Richard Bachman) and six non-fiction books.

 

Stephen-king
Stephen King (Source: Pinterest)

Many of them have been adapted into films or mini-series, including “Carrie,” “It,” “Stand by Me,” “The Shawshank Redemption,” “The Stand,” “Misery,” and “The Shining.”

He is also known as the “King of Horror.”

Quick Facts

Let’s dive deeper into Stephen King’s life:

Famous As Stephen King
Real Name Stephen Edwin King
Net Worth $500 million
Nickname The King, The King of horror
Profession Film director, Director, Teacher, Singer, Screenwriter, and Voice Actor
Age 76 Year Old
 Date of Birth September 21, 1947
Birth Portland, Maine
Citizenship United States (USA)
Residence Mulholland Estates Enclave
Ethnicity Bangor, Maine
Zodiac Sign Virgo
Religion Methodist (Christain)
Language English
Height 6 ft 4 in (193 cm)
Weight 76 kg (167 lbs)
Hair Color Dark Brown
Eye Color Dark Brown
Body Measurements Chest:38 inches

Waist: 31 inches

Biceps: 12 inches

Education Qualification Bachelor’s degree in English
School Lisbon Falls High School
University University of Maine
Father’s Name Donald Edwin King
Mother’s Name Nellie Ruth Pillsbury King
Siblings David King
Sexual Orientation Straight
Marital Status Married
Wife’s Name Tabitha Spruce
Children 3
Children’s  Name Naomi King, Owen King, and Joseph King
Years Active 1967 – present
Hobbies Reading, Jigsaw puzzles, playing the guitar, movies, and bowling
Favorite Sport Micheal Clarke Duncan
Favorite Film Kiss of Death, White Heat 1949
Favorite Food Baked Salmon and Jambalaya Rice
Social Media Twitter
Last Update May 2024

Stephen King: Net Worth and Income

The king of horror has earned most of his fortunes from selling more than 350 million copies of his bestselling suspense, thriller books worldwide.

Other than that, his best-selling books have been adapted to record-breaking movies, which earned him quite some royalty.

When King published Carrie, he received a $2,500 advance for the book, which is the same as earning about $15,000 today.

Similarly, the paperback rights of the book sold for $400,000, and if adjusted inflation, it’s the same as earning $2.3 million today.

Overall, the author has been able to earn around $500 million of net worth.

Net Worth of Stephen King in Different Currencies

Let’s have a look into Stephen King’s net worth in different currencies, including the cryptocurrency BitCoin.

Currency Net Worth
Euro € 431,200,000
Pound Sterling £ 369,139,950
Australian Dollar A$ 688,939,500
Canadian Dollar C$ 632,490,000
Indian Rupee ₹ 37,072,500,000
BitCoin ฿ 10,438

Stephen King: House and Cars

House

Bangor, Maine

Stephen King bought a creepy Victorian house on West Broadway in the shadow of downtown Bangor in 1980.

stephen-king-bangor-maine-house
Stephen King’s Bangor, Maine house (Source:unusualplaces.com)

The house is valued at $750,000 to $800,000 as of today.

Stephen King’s Victorian house is encircled by a spooky wrought iron fence adorned with bats and spider webs.

King claimed he regretted erecting the ominous barrier because it transformed his peaceful Maine area into a tourist magnet.

Lowell, Maine

He also has a vacation house in Lowell, Maine, near the border with New Hampshire.

The house apparently costs him $300,000.

Florida Home

Stephen King, the horror novelist, spent $8.9 million for a beachfront property on Casey Key near Sarasota.

stephen-king's-florida-house
Stephen King’s Sarasota, Florida House (Source:celebritydetective.com)

The 7,500-square-foot contemporary mansion, located on three isolated acres on the northern tip of the private barrier island of Casey Key.

Longboat Key Rental Home

The $5.4 million estates is on the largest parcel of property available on Longboat, encompassing 2.5 acres.

stephen-king-longboat-key-rental-home
Stephen King’s Longboat Rental Home (Source: yourserver.com)

The house is equipped with a private boat dock, 6,000 square feet of living space, a glass elevator, and a pool on the second floor.

Cars

Stephen King clearly likes vintage vehicles, as seen by his frequent usage of them in his finest works.

1959 Plymouth Fury

We can see King’s passion for anything with a wheel at each corner in the book Christine.

1959-plymouth-fury
1959 Plymouth Fury (Source: Wikipedia)

The subject of this book is a 1958 Plymouth Fury that costs $57,850.

The plot focuses on a vehicle with a strange history. It contains the death of the former owner’s wife and kid, who died inside the automobile.

1965 Ford Mustang

This vehicle, which appears in Stephen King’s novel Misery, costs over $40,000.

1965-ford-mustang
Stephen King’s 1965 Ford Mustang (Source: FordAuthority.com)

It’s about author Paul Sheldon, who was killed in a vehicle accident while driving through the Colorado Rockies in his 1965 Ford Mustang.

1954 Ford Galaxie Sunliner

A 1954 Ford Galaxie Sunliner, which costs $20,000, is one of the antique cars from his book 11/23/63.

Jake Epping, a time traveler, travels back in time on 11/23/63 to prevent President John F. Kennedy’s killing.

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Stephen King: Lifestyle

Lifestyle

King writes about two thousand words each day and seldom stops working until he meets it.

Furthermore, he finishes writing between 11:30 a.m. And 1:30 p.m.

Then the rest of the day, he writes letters, reads, spends time with his family, and watches Red Sox games on TV.

Stephen King: Charity

It’s certainly no surprise that King is wealthy, but did you know that he donates a significant portion of his wealth to charity? That is correct.

Every year, King contributes $4 million to libraries, schools, and local fire departments.

During the winter months, King has been known to pay the heating bills of needy families in Maine, as well as the college tuition of students in need of financial assistance.

King founded the Haven Foundation in response to his setback and the fact that his colleague, Frank Muller, had to stop working owing to his brain injury.

In 2011, the Kings’ radio station, 100.3 WKIT, held a fundraiser with a pledge to match donations up to $70,000.

The Stephen and Tabitha King Foundation, which was formed in 1986, annually distributes an estimated $3 million to various initiatives and towns around Maine.

stephen-king's-KTH-Foundation
Stephen King’s KTH Foundation (Source:FirstRespinderGrants.com)

The funds can only be sought and utilized for charitable groups, and grant amounts range from $500 to $50,000.

Stephen King: Book Publication and Movies and Music

Book Publication and Movies

Beginnings

The publishing firm Doubleday accepted the King’s novel, Carrie in 1973. Although Carrie was King’s fourth novel, it was the first to be published.

On May 13, 1973, New American Library purchased the paperback rights for $400,000, which was divided between them according to King’s contract with Doubleday.

Carrie launched King’s career and is considered a classic in the horror genre.

‘Salem’s Lot,‘ by Stephen King, was released in 1975 which sold around 300,000 copies worldwide.

Furthermore, The Shining was one of King’s early bestsellers which was published in 1977.

The book sold has sold about 700,000 copies worldwide.

In fact, the novel was so famous that it inspired a blockbuster film starring Jack Nicholson and a sequel, Doctor Sleep, over 50 years later.

King published Different Seasons in 1982, a collection of four novellas with a more serious dramatic bent than his usual horror work.

King’s contribution for the comic book medium was a few pages of the benefit X-Men comic book Heroes for Hope Starring the X-Men, which he wrote in 1985.

The next year, King released It (1986), the best-selling hardcover novel in the United States at the time.

STEPHEN-KING-IT-BOOK
Stephen King’s best selling book ‘IT’ (Source: Goodreads.com)

The book has sold more than 76,000 copies to date.

The book was then adapted to a movie that made a record-breaking $60 million in its second week and around $218.7 million worldwide.

The Dark Tower series

The Dark Tower, a film version of Stephen King’s eight-book series that has a loyal audience, barely made $19.5 million.

This was lowered from a planned budget of $20-25 million, which was already low for a King adaptation that reportedly cost $66 million to produce.

It’s a significant sting if you earn even less than that projection.

Music

During a tour to promote End of Watch, King announced that he and his son, Owen King, had worked on a novel called Sleeping Beauties.

In 2018, he published the novel The Outsider and the novella Elevation, both of which starred Holly Gibney.

In 2019, he published The Institute, a book. If it Bleeds, a compilation of four previously unpublished novellas was issued by King in 2020.

In 2012, King worked with artist Shooter Jennings and his band Hierophant on their album Black Ribbons.

Stephen King: Career

King taught high school and published short tales to men’s magazines after graduating from college.

He began teaching at Hampden Academy in Maine in 1971. Doubleday purchased King’s novel “Carrie” in 1973.

This was King’s fourth novel, although it was his first to be published.

“Carrie” launched King’s career and established himself as a major horror novelist.

It was adapted into a popular horror film in 1976, starring Sissy Spacek.

King penned “Salem’s Lot,” “The Shining,” and “The Stand” during the rest of the 1970s.

King began teaching creative writing at the University of Maine in the fall of 1977.

“Different Seasons,” a compilation of four dramatic tales, was published in 1982.

Three of the four novellas in this collection have been made into films: “Stand by Me,” “The Shawshank Redemption,” and “Apt Pupil.”

In 1986, King published “It,” which went on to become the best-selling hardcover novel in the United States that year.

To name a few, King penned “Cujo,” “Pet Cemetary,” “The Green Mile,” and “The Dark Tower” trilogy.

3 Facts About Stephen King

  • King has always worn big spectacles, which have become heavier over time. This is due to the author’s ailment, “macular degeneration,” which is the loss of a person’s central vision.
  • Stephen King has published 31,271 pages in 59 novels, five pieces of non-fiction, and over 200 short stories throughout his 45-year literary career.
  • In the late 1970s, when publishers encouraged Stephen King not to publish more than one book each year, King wrote seven novels under the pen name Richard Bachman.

FAQ’s

What is the book that made Stephen King famous?

King of Thrills and Chills

Carrie, the story of a tortured adolescent who exacts retribution on her friends, was published by King in 1973. After it was released the next year, the book was a tremendous success, allowing him to dedicate his whole time to writing.

Which of Stephen King’s books is the best-seller?

The Shining is Stephen King’s best-selling novel. It was first published 44 years ago, in 1977, and has sold about 692,208 copies.

Why is Stephen King so well-known?

Because of his talent for developing characters, his forays into other genres have met with comparable success. He has authored suspense, westerns, thrillers, and dramas, among other genres.

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