Howard Stern Net Worth
Howard Stern Net Worth is $650 million. He is a radio and television celebrity in the United States. From 1986 to 2005, he was a nationally syndicated radio host on terrestrial radio under the name “The Howard Stern Show.” On December 16, 2005, Howard left “regular” radio.
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He afterward agreed to a five-year, $500 million agreement with Sirius Satellite Radio. On January 9, 2006, his Sirius show debuted. Howard has subsequently earned well over $1 billion from Sirius alone, in addition to hundreds of millions from traditional radio.
On December 9, 2020, it was disclosed that Howard has signed a 5-year deal with Sirius worth $120 million per year, for a total of $600 million.
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When you hear that Howard “makes” $120 million per year, it should be noted that the money from these contracts are used by Stern to cover all show production costs including salaries of personalities like Robin Quivers and Gary Dell-Abate. We estimate that Robin and Gary earn $10 million and $4 million per year, respectively. That alone is $14 million.
If you conservatively assume $10-15 million in additional costs, Howard would be personally left with around $90 million before taxes and agent fees. Agents typically take around 10%, bringing the number down to around $80 million. Taxes would take another roughly half, leaving Howard with net income of $40 million per year.
Howard’s current schedule of three new episodes per week, 40 weeks per year, works up to 120 shows per year. Howard Stern earns $333,333 each program after all costs, based on 120 new shows per year and $40 million in net earnings. Every time he broadcasts, he gets a brand new Ferrari.
SOURCE: www.ghnewslive.com
