Howard Stern Net Worth
According to authoritative sources, the American radio and television host is worth $650 million. From 1986 to 2005, he was the star of “The Howard Stern Show,” a nationally syndicated terrestrial radio show.
On December 16th, 2005, Howard made the decision to leave “normal” radio. In addition, Sirius Satellite Radio struck a five-year $500 million contract with him. On January 9th, 2006, his Sirius XM broadcast premiered.
To go along with the hundreds of millions he made while on normal radio, Howard has already earned well over $1 billion 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 these contracts is utilized by Stern to cover all show production costs including the salaries of celebrities like Robin Quivers and Gary Dell-Abate, so don’t be surprised when you hear that Howard “makes” $120 million every year.
We estimate that Robin and Gary make $10 million and $4 million a year, respectively, according to our calculations. That’s $14 million on its own.
Assuming a modest $10-15 million in further costs, Howard would have approximately $90 million before taxes and agency fees. At a 10 percent commission rate, that’s only about $80 million.
Taxes would shave about half off Howard’s annual income, leaving him with a net worth of $40 million.
If Howard keeps up his present pace of releasing three new episodes each week, he’ll have 120 shows to his credit in a calendar year of 40 weeks.
Howard Stern makes $333,333 each program after all costs, based on an annual output of 120 new episodes and a 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 neighbourhood of Jackson Heights. New York City office clerk Ray was Ray’s mother.
His father was a radio engineer at WHOM in Manhattan after serving in the Army during World War II. Co-owner of Aura Recording Inc., a Manhattan recording studio where commercials and cartoons were recorded, he was also a member of the board of directors there.
Ellen, Howard’s elder sister, lives with them. Stern’s family relocated to Long Island, New York, when he was a year and a half old. Since he was five years old, Stern had a dream of working in radio.
When Stern was a child, his father built a rudimentary recording studio in the basement of their Roosevelt, New York, house. He was a student at Roosevelt Junior-Senior High.
Rockville Center, New York became home to Stern’s family at the age of 15. For the academic year 1969-70, he enrolled at South Side High School in Chicago. In 1972, he received his high school diploma.
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 served as a morning show host from 1976 to 1982, when he created his on-air persona.
From 1982 to 1985, Stern did the afternoon shift at WNBC in New York City. WXRK in New York City began his 20-year tenure in 1985. Syndication in 60 locations, reaching 20 million listeners, began in 1986, when his morning show first went national.
Having a top show in both 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 best-seller.
The first 225,000 copies of the book were sold out within a few hours of their release. “Private Parts” became Simon & Schuster’s fastest-selling book within five days of its debut.
New York Times Best-Seller list at #1 for 20 weeks, and the book was on the list for a total of 20 weeks.
Stern’s “Private Parts,” a feature-length film adaption, was released in theatres in 1997. The video included Stern and several of his radio show personnel, including Robin Quivers, Fed Norris, Gary Dell’Abate, and Jackie Martling, all of whom played the characters of Stern and themselves.
On March 7, 1997, “Private Parts” was released in the United States. The picture opened at $14.6 million in its first weekend in the United States, making it the top earner. At the conclusion of its theatrical run, it had a domestic gross of $41.2 million.
In 1995, he penned “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 stepped down at the conclusion of the tenth season in September of 2015.
Howard Stern Salary
Sirius had 600,000 customers and was losing $226 million per year on sales of $13 million when Stern joined.
There are 35 million paying SiriusXM subscribers now, and the combined service makes a profit of $1.8 billion on revenue of $7.2 billion.
Howard may express himself freely on Sirius without fear of retribution from the Federal Communications Commission. Analysts estimate that 10 to 15 percent of Sirius subscribers do so only for the purpose of listening to Stern.
When he signed a $500 million five-year contract with Sirius in 2004, Stern became one of the highest-paid radio personalities. Stern received a yearly salary of $100 million in cash and stock options at a total of $80 million.
Also included in those $100 million are his show’s production expenses and crew wages. In an estimate of $50 million, Stern is said to have kept his money. Stern used to make $30 million a year broadcasting on terrestrial radio for Viacom before joining Sirius.
In 2010, he renewed his contract for another $500 million over five years. With Sirius in December 2015, he secured a 12-year contract extension.
This new contract is expected to pay Stern $80 million a year, which will cover his salary, the salaries of his employees, and the costs of producing his show.
When Stern’s present contract expires, he will have made over $1 billion in pay at Sirius (excluding production costs). Prior to 2005, he made a fortune from terrestrial radio, earning hundreds of millions of dollars in pre-tax income.
As of December 9, 2020, Howard had confirmed that he had signed a $600 million contract renewal with Sirius XM. That calculates out to a total cost of $120 million.
Personal Life & Relationships
When he was a student at Boston University, Stern met Alison Berns through a mutual friend. They wed 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 broke up. In 2001, the divorce was finalised 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 television host. On February 14, 2007, they got engaged, and on October 3, 2008, they got married at Le Cirque restaurant in New York.
The Federal Communications Commission (FCC) levied $2.5 million in fines against radio station owners, including Stern, for airing material it deemed indecent.
OCD is a mental illness that affects Stern. In his 1995 book, “Miss America,” he discussed his struggle with OCD.
Transcendental Mediation is a technique he learned from his parents, who have been practising it since the early 1970s.
Toward the end of 2012, Stern decided to become a vegetarian.
The North Shore Animal League of America is a cause close to the hearts of Stern and Ostrosky. A total of roughly 900 cats have been fostered 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 $4.9 million purchase of a 4,000-square-foot apartment in 1998. After that, he paid $5.75 million for the 1,011-square-foot unit next door.
On the 53rd level of the building 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 as a result.
For a vacant land in Southhampton, N.Y., Stern paid $20 million in 2005. On the land, he had a massive custom residence built for him.
A Palm Beach, Florida estate with 12 bedrooms and 3.25 acres was purchased by Stern and his wife in 2013 for $52 million.