Book tycoon. Experts have calculated the capital of Stephen King
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The “King of Horror” books have been published with a total circulation of 350 million copies.
Experts of Celebrity Net Worth calculated how much the most successful and best-selling writer of our time, Stephen King, earned. And this is a round figure that many rich people in the world would envy – $ 500 million.
Part of these assets is real estate, which is owned by the “king of horrors” along with his wife Tabitha. So, they own two houses in Maine. One of them, in Bangor, was built in 1870 in the Victorian style. For a long time this house served as the main residence of the writer and his wife. Now it houses the Stephen King Museum and Literature Club. Nearby is the second house – summer, it is located on the shores of Lake Lowell. Also, Stephen and Tabitha own an elite mansion on the ocean coast of Sarasota (Florida), not far from the Gulf of Mexico. They also own several radio stations.
World fame came to King in 1973, when his novel “Carrie” was published. Before that, he had written three more books, but they were not interested in book publishers then. But “Carrie” was received with a bang. For this book King received a $2,500 advance (roughly $14,500 in 2022 prices) and sold the rights to it for $400,000 (2.3 million) shortly after release.
To date, more than 60 novels have come out from King's pen, including 7 under the pseudonym Richard Bachman. In addition, he wrote 6 non-fiction books. Almost all of them were successful with readers. As of the end of September 2022, over 350 million Stephen King books have been published and republished worldwide. In addition, a number of works by the prolific “king of horrors” have been successfully filmed. Films such as “Carrie”, “The Standoff”, “The Green Mile”, “The Shawshank Redemption” and others have long had cult status. It is clear that King received big profits for the rights to film adaptations of his books.
So the cult writer met the rich and famous on his 75th birthday (celebrated on September 21). But the pensioner only dreams of peace. He continues to write books. And Stephen King is a great philanthropist. His and Tabitha's charitable foundation donates $4 million a year to libraries, schools, museums, and even fire departments in Maine. And with the outbreak of the Russian-Ukrainian war, King firmly took a clear position, now and then declaring in the public space about his support for our country. Helps not only in word, but also in deed. Stephen King regularly transfers money to the account of the United24 platform, which was created for everyone who wants to donate money in favor of the warring Ukraine.
After the shelling of the Amstor shopping center in Kremenchug, Poltava region, the “king of horrors” openly called Russia a terrorist country.