Whether you love him or you hate him, there is one thing you have to admit about Howard Stern: He has money. Just how much money is up for some debate. Depending on whom you ask, the shock jock has a net worth somewhere between $300 million and $1 billion.
The debate over Stern’s net worth largely came to light in December when he signed a $400 million, five-year deal with Sirius XM Radio, which was actually a pay cut from his original $500 million, five-year deal that he had just completed with the same company, although $100 million of that deal was in Sirius stock. On the surface, it would look like Stern made at least $900 million over 10 years, but of course, there are production costs and other expenses to consider. For Stern’s part, he claims he is not worth anywhere near what they print in the paper.
In addition to the regular pay and stock, Stern received incentives in his first contract with Sirius. Howard Stern and his agent received a combined 34.3 million shares of stock from Sirius on first day of their broadcast for surpassing the number of subscribers they were supposed to bring in. The stock was worth $218 million at the time. They were given another issue of stock in 2007 for meeting incentives, $82.9 million worth of stock.
How did Howard Stern make his first million?
These huge paydays from Sirius were the latest and biggest in Stern’s career, but they were not the only large checks he has ever received. In 1982, Stern was working as a radio disc jockey in Washington, D.C. and doing quite well. His morning radio program was the second highest rated in January of that year. That’s when NBC decided to make him a millionaire, offering him one million dollars to do afternoons for five years at WNBC in New York, although his contract was terminated in 1985 for conceptual differences.
What pay-per-view projects has Howard Stern made money on?
In 1987, Stern played host to his first of many pay-per-view programs, a show called Howard Stern’s Negligee and Underpants Party, which made over $1.2 million. In 1993, he released the Miss Howard Stern New Year’s Eve Pageant, which brought in $16 million in total. It’s unclear how much of that money actually went to Stern, but it is estimated to be at least half.
What video projects has Howard Stern made money on?
Stern’s first pay-per-view special was later released on video along with a video of Stern in a tennis match with his producer. A third video was released later and between the three, he made more than $10 million on video sales. Stern would later release his second pay-per-view event on VHS, re-titled as Howard Stern’s New Year’s Rotten Eve 1994, which was also a multi-million dollar video success.
What television projects has Howard Stern made money on?
Since 1994, Stern’s radio show has been filmed. Highlights of the show aired on the E! Network between 1994 and 2005. From 2006 on, the highlights aired on Howard TV, a subscription-based digital cable channel available on demand. Exact amounts are not available for his profits from the show, but it is likely millions of dollars per year.
Stern also acquired rights to the classic comedy films Porky’s and Rock ‘n’ Roll High School in 2002 but has not done anything with them yet, other than collect royalties. In 2003, he filed a lawsuit against the producers of Are You Hot? and the network it ran on, ABC, alleging that the series was based on The Evaluators, a segment of his radio show. The lawsuit asked for $100 million and was settled for an undisclosed amount.
In 2012, Stern replaced Piers Morgan as a judge for the America’s Got Talent in their seventh season. He is believed to be the highest paid judge on the show, likely making $10 to $15 million per season.
What books has Howard Stern made money on?
Stern was given a one million dollar advance by Simon and Shuster on his first book, Private Parts, in 1993. The book became the fastest-selling title in Schuster’s history and was on the New York Times Bestseller list for 20 weeks. Stern’s second book, Miss America, was written in 1995 for Regan Books. His advance this time was $3 million and the book sold over a million copies in the first 14 days, staying on the Times best selling list for 16 weeks.
Has Howard Stern made money in film?
The film version of Private Parts began was released in 1997 and made $14.6 million in its opening weekend. The film would eventually earn $41.2 million in gross revenue domestically. Even the soundtrack made money, selling almost 180,000 units and making it to the top of the Billboard music chart in its first week.
Howard Stern has certainly made a legitimate claim to his self-proclaimed title of King of All Media, having made money in film, video, television, print, and radio. Even though it looks like a huge amount of cash on paper, one needs to remember that he often had to pay production costs, FCC fines and other expenses out of the money he made, so he actually ended up with much less than it appeared. Still, whether he has $300 million or $1 billion, he is clearly a very rich man.