Howard Stern is a radio and television celebrity in the United States of America with a net worth of $650 million. He originally gained widespread recognition as the host of “The Howard Stern Show,” a nationally syndicated radio show that aired on terrestrial radio from 1986 until 2005.
Howard stepped away from “traditional” radio on December 16, 2005. He later inked a $500 million five-year agreement with Sirius Satellite Radio. On January 9, 2006, his Sirius XM show premiered.
Howard has subsequently earned well over a billion dollars from Sirius alone and the hundreds of millions he earned on traditional radio.
On December 9, 2020, it was disclosed that Howard had signed a five-year deal with Sirius for $120 million years or $600 million in total.
When Howard “earns” $120 million a year, it’s important to keep in mind that Stern utilizes the money from these contracts to fund all show production costs, including the salaries of guests such as Robin Quivers and Gary Dell-Abate.
Robin and Gary are estimated to make $10 million and $4 million each year. That in and of itself is worth $14 million. If you conservatively predict an extra $10-15 million in expenditures, Howard would be left with around $90 million before taxes and agency fees.
Agents normally take 10%, bringing roughly $80 million. Taxes would consume about half of the remaining revenue, leaving Howard with a net income of $40 million each year.
Howard’s current schedule of three new episodes per week, or around 40 weeks per year, equates to 120 shows.
After all expenditures, Howard Stern earns $333,333 for each show with 120 new broadcasts per year and $40 million in net earnings. Each time he transmits, he essentially gets a whole new Ferrari.
Howard Stern Childhood
Howard Allan Stern was born in New York City on January 12, 1954, in the Jackson Heights neighborhood of Queens. Ray, his mother, was a New York City office secretary.
His father fought in the Army during World War II and worked at WHOM in Manhattan as a radio engineer. He was also a co-owner of Aura Recording, Inc., a Manhattan recording studio that produced commercials and cartoons.
Ellen is Howard’s older sister. When he was one year old, Stern’s family relocated to Long Island, New York. Stern had desired a career in radio since he was five years old.
Stern’s father put up a rudimentary recording studio in the basement of the family house in Roosevelt, New York, to record fictitious radio broadcasts.
Roosevelt Junior-Senior High School was his alma mater. Stern’s family relocated to Rockville Center, New York, when he was 15. He enrolled at South Side High School for the 1969-1970 academic year.
In 1972, he graduated from high school. That October, he enrolled at Boston University. He began working at the student radio station WTBU during his second year of college.
He was admitted to Boston University’s School of Public Communications in 1974. Stern received his magna cum laude degree from Boston University in May 1976.
Howard Stern Career
Stern worked on the morning program at WRNW in Briarcliff Manor, New York, WCCC in Hartford, Connecticut, WWWW in Detroit, Michigan, and WWDC in Washington, D.C., from 1976 to 1982, where he honed his on-air character.
Stern did the afternoon shift at New York City’s WNBC from 1982 until 1985. In 1985, he began his 20-year tenure at WXRK in New York City. His morning program was syndicated in 60 locations in 1986, exposing him to 20 million listeners.
He is the first performer to have the number one show in New York and Los Angeles.
Stern received a $1 million book deal with Simon & Schuster in 1993 to publish “Private Parts.” The book was published in October 1993 and immediately became a bestseller.
The whole 225,000-copy initial print run sold out within hours of being on sale. Within five days of its release, “Private Parts” became Simon & Schuster’s fastest-selling book. The book debuted at the top of the “New York Times” Best-Seller list and remained there for 20 weeks.
Stern’s “Private Parts” was adapted into a feature film in 1997. Stern and other members of his radio show’s crew, including Robin Quivers, Fed Norris, Gary Dell’Abate, and Jackie Martling, made cameo appearances in the film as themselves. The film “Private Parts” was released in the United States on March 7, 1997.
The picture debuted at the top of the box office in the United States, with $14.6 million in its first weekend. It grossed a total of $41.2 million domestically by the conclusion of its theatrical run.
Additionally, Stern authored “Miss America” in 1995 and “Howard Stern Returns” in 2019.
Stern was confirmed as Piers Morgan’s successor as a judge on “America’s Got Talent” for the seventh season in 2011.
He returned to the show as a judge for the eighth, ninth, and tenth seasons. Stern stepped down after the tenth season in September 2015.
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Howard Stern’s Wage and Contract Information
Before Stern arrived at Sirius, the satellite platform had 600,000 members and lost $226 million annually on $13 million in sales. Today, the united SiriusXM service has 35 million paying members and a profit margin of $1.8 billion on a revenue base of $7.2 billion.
Howard enjoys complete unfettered free speech on Sirius, not subject to the FCC’s jurisdiction. According to estimates, 15% and 20% of Sirius subscribers subscribed only to listen to Stern.
Stern became one of the highest-paid radio personalities in 2004 when he signed a five-year, $500 million agreement with Sirius. Stern was paid $100 million each year, $80 million in cash, and $20 million in stock under the terms of the arrangement.
Additionally, the $100 million would pay the production costs of his program, including staff salaries. Stern is said to have retained $50 million for himself. Before joining Sirius, Stern earned $30 million per year at Viacom for terrestrial radio broadcasting.
In 2010, he renewed his contract for another five-year, $500 million agreement. He renewed his 12-year agreement with Sirius in December 2015.
This current arrangement pays Stern $80 million each year, covering his income, his staff’s compensation, and the show’s production costs.
By the time this current pact expires, Stern will have earned more than $1 billion in pay (excluding production expenses) throughout his tenure at Sirius. Before 2005, he also earned several hundred million dollars (pre-tax) from terrestrial radio.
On December 9, 2020, Howard stated that he had signed a five-year deal with Sirius worth $600 million. It equates to $120 million in total manufacturing expenses.
Howard Stern Private Life
While Stern was a student at Boston University, he met Alison Berns through a mutual acquaintance. They married in Brookline, Massachusetts, on June 4, 1978.
They were both 24 years old. They have three daughters: Emily Beth (born in 1983), Debra Jennifer (born in 1986), and Ashley Jade (born in 1992). (1993). They ended their relationship in October 1999. In 2001, the divorce was settled peacefully.
Stern dated model Angie Everhart and actress Robin Givens during the brief period between his divorce from Alison and meeting with Beth Ostrosky.
In 2000, Stern began dating model and television personality Ostrosky. They were engaged on February 14, 2007, and married on October 3, 2008, at New York City’s Le Cirque restaurant.
Stern became the most punished radio DJ when the FCC levied $2.5 million in fines against station owners for allegedly obscene programming.
Stern is an obsessive-compulsive disorder sufferer. In his 1995 book “Miss America,” he detailed his battle with OCD. He manages it using Transcendental Meditation, a technique his parents have utilized since the early 1970s.
Stern converted to pescetarianism in 2012. Stern and Ostrosky are North Shore Animal League of America supporters. The pair has fostered approximately 900 pets together. Bella, Yoda, Walter, and Pebble are their four cats.
Howard Stern Residential Real Estate
Stern paid $4.9 million for a 4,000-square-foot apartment on the 54th level of Manhattan’s Millennium Tower in 1998. He then paid $5.75 million for the adjacent 1,011-square-foot unit.
He spent $15.1 million in 2008 for two apartments on the 53rd level, just below his 4,011-square-foot penthouse. It resulted in an additional 2,546 square feet of space.
Stern paid $20 million to buy an empty site in Southhampton, New York, in 2005. On the property, he had a large custom residence built.
Stern and his wife spent $52 million in 2013 for a 12-bedroom estate on 3.25 acres in Palm Beach, Florida.