Howard Stern is an American radio and television personality, and comedian. Also, he is an author. Stern is best known for his popular radio show, “The Howard Stern Show”, and has broadcast on the broadcasting company, Sirius XM Satellite Radio since 2006. By the way, how much is Howard Stern’s net worth? Let’s find out that information here.
Howard Stern’s net worth
According to Celebrity Net Worth, Howard Stern has a net worth of $650 million. Stern first became popular thanks to “The Howard Stern Show.” It is a radio program which was nationally syndicated on terrestrial radio from 1986 to 2005s. On December 16, 2005, he left “regular” radio. He then signed a five-year $500 million deal with Sirius Satellite Radio. On January 9, 2006, his Sirius show debuted. Stern had earned over $1 billion at Sirius show alone, in addition to the hundreds of millions he earned while on regular radio. On December 9, 2020 it was asserted that Stern had signed a 5-year extension with Sirius that reportedly is worth $120 million per year, or $600 million in total.
Once you hear that Howard Stern makes $120 million per year, it must be noted that the money from those contracts are utilized by Howard Stern to cover all show production costs including salaries of personalities like Gary Dell-Abate and Robin Quivers. We estimate that respectively Gary and Robin earn $4 million and $10 million. So, that alone is $14 million. If you assume $10-15 million conservatively in additional costs, Stern would be personally own around $90 million before taxes and agent fees. Usually, agents take around 10 percent, so that the number down to around $80 million. The taxes would take another approximately half, leaving Stern with net income of $40 million per year.
If Howard Stern can maintain his current schedule of the three new shows per week (Roughly 40 weeks a year), so it works out to 120 shows per year. Utilizing 120 new shows per year, and $40 million in net earnings, all costs Howard Stern makes $333,333 per show. Usually, a brand new Ferrari every time he broadcasts.
Howard Stern’s Salary and Contracts
Before Howard Stern joined Sirius, the satellite platform owned 600,000 subscribers and was losing $226 million per year on revenues of $13 million. Right now, the combined SiriusXM service has 35 million paying subscribers. It generates $1.8 billion in profits on $7.2 billion in revenue. On Sirius, Howard Stern enjoys uncensored free speech, outside of the FCC’s grasp. Based on the analysts, 10-15 percent of Sirius customers subscribed to the service exclusively to listen to Howard Stern.
Howard Stern became one of the highest-paid radio figures after signing a 5-year deal worth $500 million with Sirius in 2004. The deal paid Howard Stern $100 million per year, $80 million in cash and $20 million in stock. Also, that $100 million would cover his show’s production costs, including the staff salaries. It is estimated that Howard Stern kept $50 million for himself. Prior to joining Sirius, he was making $30 million per year at Viacom to broadcast on terrestrial radio.
In the year of 2010, he re-upped with another 5-year deal worth $500 million. In December 2015, Stern signed a new 12-year deal with Sirius. This latest deal is trusted to pay him $80 million per year which covers a salary for himself, salaries for his staff, and also production costs for the show. By the time the latest deal is up, Howard Stern will have earned over $1 billion (excluding production costs) personally in salary during his time at Sirius. Also, he earned some hundred million dollars (pre-tax) from terrestrial radio prior to 2005.
Howard Stern confirmed that on December 9, 2020 he had signed a 5-year extension with Sirius that was reported to be worth $600 million. That works out to $120 million for covering all costs of production.
Howard Stern’s Career
From 1976 to 1982, Howard Stern worked the morning show at WRNW in Briarcliff Manor (New York), WWWW in Detroit (Michigan), WCCC in Hartford (Connecticut), and WWDC in Washington, where he developed his on-air personality.
From 1982 until 1985, Howard Stern worked at WNBC in New York City, doing the afternoon shift. In the year of 1985, Stern began his 20-year run at WXRK in New York City. In the year of 1986s, his morning show entered syndication in 60 markets, making him to 20 million listeners. In New York City and Los Angeles, he is the first person to have the number one show at the same time.
In the year of 1993, Howard Stern signed a deal worth $1 million with Schuster and Simon to write his book “Private Parts.” In October 1993, the book “Private Parts” was released and became hit immediately. All first print run of 225,000 copies sold out within several hours of going on sale. Within 5 days of its release, the book “Private Parts” became the fastest-selling book in the history of Schuster and Simon. This book debuted on the “New York Times” Best-Seller list at #1 and keep stayed on the list for 20 weeks.
The feature film adaptation of Stern’s “Private Parts” hit theatres in 1997. Howard Stern and some of his radio show staff such as Robin, Gary, Fed Norris, and Jackie appeared as themselves in the film. On March 7, 1997, the “Private Parts” film was released in the United States. Then, the “Private Parts” film was ranked at number 1 at the United States box office in its opening weekend with a gross about $14.6 million. It earned a domestic total of $41.2 million at the end of its theatrical run. Also, in 1995, Howard Stern wrote “Miss America” and “Howard Stern Comes Again” in 2019.
Howard Stern announced that he would be the replacement for Piers Morgan as a judge on “America’s Got Talent” for its seventh season in 2011. Stern continued as a judge on the show for the 8th, 9th and 10th seasons. In September 2015, he left at the end of the 10th season.