For a long time, Radio stopped being the leading form of media in the world, especially in America but one man has continually remained one of the richest men in American entertainment despite his career as a radio host. Howard Stern’s net worth, which runs into several millions of dollars has been a subject of interest to many who wonder how the media personality makes his money in a supposedly declining medium.
We finally have an answer to how the radio hosts make his money as well as details about how he spends it. Scroll below to learn about Howard Stern’s net worth.
What is Howard Stern’s Net Worth?
Howard Stern is undoubtedly one of the most famous radio, nay, media personalities of all time, as his influence in American entertainment goes beyond his work in radio.
Through various means, including national syndication of his radio program, as well as his longevity in the industry, he has been able to accrue an estimated net worth well over $650 million, according to sources such as Celebrity Net Worth.
His net worth primarily comes from his work as a radio host, where he earns an annual salary of $90 million, but he makes money through other means and we cover it all below.
How He Makes Money
Even at the height of radio, it wasn’t considered the most lucrative job in the world, well enough for its personalities to accrue personal net worth well over half a billion dollars.
However, Howard Stern has proven to be an exception, not just in his net worth, but also in his career as a radio personality. He began his career in 1975, working for various radio stations across America in Detroit, Washington D.C, Hartford and a few others.
Known for his show, The Howard Stern Show which began in 1979 at WCCC in Hartford, Connecticut, Howard developed a reputation as a controversial and extremely fun personality in the early days of his career that made him a cash cow for every radio station he worked for, improving their audience ratings and bringing in advertising revenue.
One of his longest partnerships was with WXRK, where he hosted The Howard Stern Show for 20 years from 1985 to 2005. The show earned national syndication in 1986 and was aired in 60 markets with over 20 million listeners.
Howard Stern’s ability to command such a large audience power eventually got him the biggest contributor to his net worth, a syndication deal with Sirius Broadcasting for $500 million, that saw him leave terrestrial radio for satellite radio. The five-year contract made him one of the highest earners in radio’s history and he resigned with the broadcasting company in 2015 for another mega-deal.
Before his deal with the company, aside from his salary from contracts with his previous radio stations, he made money from hosting pay-per-view event like, Howard Stern’s Negligee and Underpants Party which grossed $1.2 million. Also, several of his antics on the radio were filmed and sold in video stores, many of which sold out.
During his time with WXRK, which was owned by Infinity Broadcasting, he signed contracts worth over $10 million and the TV version of his show, The Howard Stern Show on WWOR-TV was one of the highest-rated variety shows between 1991 and 1992, regularly beating Saturday Night Live.
Other ways Howard Stern has made money and earned his huge net worth include writing and publishing a couple of books. He signed a $1 million deal to publish his first book, Private Parts, one that was eventually adapted for film and made over $40 million at the box office.
His second book fetched him $3 million in advance fee and he has appeared on America’s Got Talent, where he earned $15 million per year between the seventh and tenth season of the show. As an all-round media personality, he has also made money from other means like photography and music.
How Does Howard Stern Spend His Money?
With a net worth of over $600 million, Howard Stern’s purchase options are virtually unlimited and he has spent his money on a few choice items. He once spent $52 million on a mansion in Palm Beach, Florida. He once owned a summer home in Long Island he bought for $5.5 million, which he sold for $7.6 million. Howard also owns an apartment in the Millennium Tower, one of the most expensive apartment buildings in New York City.
Spending on luxurious items is not the only thing Howard Stern has used his net worth for. He has also spent $2.5 million in fines to the Federal Communications Commission, accounting for half of the commission’s fines between 1990 and 2004.