Howard Stern net worth
According to authoritative sources, the American radio and TV host is worth $650 million. From 1986 to 2005, he was the star of “The Howard Stern Show”, a nationally broadcast terrestrial radio show.
On December 16, 2005, Howard made the decision to leave “normal” radio. Additionally, Sirius Satellite Radio has signed a five-year, $500 million deal with him. On January 9, 2006, his Sirius XM show premiered.
To go along with the hundreds of millions he’s made on normal radio, Howard has already earned over a billion dollars from Sirius alone.
According to reports, Howard signed a five-year contract renewal with Sirius worth an estimated $120 million per year on December 9, 2020.
The money from those contracts is used by Stern to cover all of the show’s production costs, including the salaries of celebrities like Robin Quivers and Gary Dell-Abate, so don’t be surprised to hear that Howard “earns” 120 million dollars every year.
We estimate that Robin and Gary earn $10 million and $4 million respectively per year, according to our calculations. That’s $14 million alone.
Assuming modest additional costs of $10-15 million, Howard would have about $90 million before taxes and agency fees. At a 10% commission rate, that’s only about $80 million.
The taxes would cut about half of Howard’s annual income, leaving him with a net worth of $40 million.
If Howard maintains his current rate of releasing three new episodes each week, he’ll have 120 shows under his belt in a 40-week calendar year.
Howard Stern earns $333,333 per program after all costs, based on an annual production of 120 new episodes and revenue of $40 million. Every time he transmits, it’s like seeing a brand new Ferrari for the first time.
Howard Allan Stern was born on January 12, 1954 in Queens, New York, in the neighborhood of Jackson Heights. New York office worker Ray was Ray’s mother.
His father was a radio engineer at WHOM in Manhattan after serving in the military during World War II. Co-owner of Aura Recording Inc., a recording studio in Manhattan where commercials and cartoons were recorded, he was also a member of the board of directors there.
Ellen, Howard’s older sister, lives with them. Stern’s family moved to Long Island, New York, when he was one and a half years old. Since the age of five, Stern had dreamed of working in radio.
When Stern was a child, his father built a rudimentary recording studio in the basement of their home in Roosevelt, New York. He was a student at Roosevelt Junior-Senior High.
Rockville Center, New York became home to Stern’s family when he was 15 years old. For the 1969-70 school year, he enrolled at South Side High School in Chicago. In 1972, he graduated from high school.
In the fall of that year, he began classes at Boston University. During his second year in college, he began working at WTBU, the campus radio station.
He was accepted into Boston University’s School of Public Communications in 1974. Stern received a magna cum laude degree from Boston University in May 1976.
WRNW, WRNW, WCCC, WDWW and WWDC are just a few of the stations where he hosted morning shows from 1976 to 1982, when he created his on-air persona.
From 1982 to 1985, Stern worked the afternoon shift at WNBC in New York. WXRK in New York began its 20-year tenure in 1985. Syndication in 60 locations, reaching 20 million listeners, began in 1986, when its morning show first went national.
Having a top show in New York and Los Angeles at the same time makes him a first in his field.
Simon & Schuster paid Stern $1 million in 1993 to publish his autobiography, “Private Parts.” In October 1993, the book was released and quickly became a bestseller.
The first 225,000 copies of the book sold out within hours of its release. “Private Parts” became Simon & Schuster’s best-selling book within five days of its release.
New York Times Bestseller List at No. 1 for 20 weeks, and the book was on the list for a total of 20 weeks.
Stern’s “Private Parts”, a feature film adaptation, was released theatrically in 1997. The video featured Stern and several of his radio show staffers, including Robin Quivers, Fed Norris, Gary Dell’Abate and Jackie Martling, all of whom played Stern’s characters and themselves.
On March 7, 1997, “Private Parts” was released in the United States. The picture opened to $14.6 million in its first weekend in the United States, making it the top earner. At the end of his theatrical run, he had a gross income of $41.2 million.
In 1995 he wrote “Miss America” and in 2019 “Howard Stern Comes Again”, both of which he wrote.
“America’s Got Talent” announced in 2011 that Stern would replace Piers Morgan as a judge for its seventh season. Since its inception in 2007, he has served as the show’s eighth, ninth, and 10th judge. Stern quit at the end of the tenth season in September 2015.
Howard Stern Salary
Sirius had 600,000 customers and was losing $226 million a year on sales of $13 million when Stern joined.
There are now 35 million paying subscribers to SiriusXM, and the combined service makes a profit of $1.8 billion on revenue of $7.2 billion.
Howard can speak freely on Sirius without fear of reprisal from the Federal Communications Commission. Analysts estimate that 10-15% of Sirius subscribers do so for the sole purpose of listening to Stern.
When he signed a five-year, $500 million deal with Sirius in 2004, Stern became one of radio’s highest-paid personalities. Stern received an annual salary of $100 million in cash and stock options totaling $80 million.
Also included in that $100 million are his show’s production expenses and crew salaries. In an estimate of $50 million, Stern reportedly kept his money. Stern was earning $30 million a year broadcasting on terrestrial radio for Viacom before joining Sirius.
In 2010, he renewed his contract for an additional $500 million over five years. With Sirius in December 2015, he was granted a 12-year contract extension.
The new contract is expected to pay Stern $80 million a year, which will cover his salary, employee salaries and production costs for his show.
When Stern’s current contract expires, he will have earned over $1 billion in salary at Sirius (excluding production costs). Prior to 2005, he made his fortune from terrestrial radio, earning hundreds of millions of dollars in pre-tax income.
On December 9, 2020, Howard had confirmed that he had signed a $600 million contract renewal with Sirius XM. This represents a total cost of $120 million.
Personal life and relationships
While a student at Boston University, Stern met Alison Berns through a mutual friend. They were married in Brookline, Massachusetts on June 4, 1978.
Both were 24 years old. Ashley Jade was born in 1992; Emily Beth was born in 1983; and Debra Jennifer in 1986. (1993). It was in October 1999 when they separated. In 2001, the divorce was finalized peacefully.
After splitting from Alison, Stern dated model Angie Everhart and actress Robin Givens for a few months before meeting Beth Ostrosky.
In 2000, Stern began dating Ostrosky, a model and TV host. On February 14, 2007, they got engaged and on October 3, 2008, they married at Le Cirque restaurant in New York.
The Federal Communications Commission (FCC) has fined radio station owners, including Stern, $2.5 million for airing material deemed indecent.
OCD is a mental illness that affects Stern. In his 1995 book, “Miss America,” he opened up about his struggle with OCD.
Transcendental Mediation is a technique he learned from his parents, who have been practicing it since the early 1970s.
Towards the end of 2012, Stern decided to become a vegetarian.
The North Shore Animal League of America is a cause dear to Stern and Ostrosky. In total, around 900 cats were taken in by the couple. Bella, Yoda, Walter and Pebble are their four cats.
The Upper West Side of Manhattan’s Millennium Tower was the site of Stern’s purchase of a 4,000 square foot apartment for $4.9 million in 1998. After that, he paid $5.75 million dollars for the adjoining 1,011 square foot unit.
On the building’s 53rd floor in 2008, he paid $15.1 million for two apartments that were just below the 4,011-square-foot penthouse he owned. A total of 2,546 square feet of additional space was created.
For vacant land in Southhampton, NY, Stern paid $20 million in 2005. On the land, he had a massive custom residence built for him.
A 12-bedroom, 3.25-acre Palm Beach, Florida estate was purchased by Stern and his wife in 2013 for $52 million.