What is Larry Flynt Net Worth in 2021? Here's the Breakdown
Find out about the net worth and earnings of late Larry Flynt, best recognized for his monthly adult magazine 'Hustler.'
Larry Flynt, the president of Larry Flynt Publications (LFP) that produces the popular adult magazine 'Hustler,' passed away on February 10, 2021. He was 78 years old.
After a period of declining health, Larry Flynt took his last breath at Cedars-Sinai Medical Center, Los Angeles, according to his attorney.
An influential figure in the adult entertainment industry, Larry Flynt engaged in numerous legal battles involving the First Amendment. But he will be mainly remembered for his LFP empire that he built up from the Hustler magazine. He succeeded in accumulating an absolute fortune through the enterprise, but how much did he actually make? Let's find out.
What was Larry Flynt Net Worth in 2021?
According to Celebrity Net Worth, late Larry Flynt possessed an estimated net worth of $500 million before he passed away in 2021. He made the entire amount of this fortune as the president of Larry Flynt Publications.
Late Larry Flynt possessed an estimated net worth of $500 million before he passed away in 2021.
Larry Flynt began his rise to success from just a mere $1800 investment of his personal savings into his mother's bar in Dayton, Ohio, in 1965.
With the profits he earned by revamping the bar, Larry Flynt began to turn it into a huge enterprise. He re-invested and opened many other bars. The most famous one is the Hustler Cocktail Lounge he opened in 1968.
Larry Flynt opened Hustler strip clubs in several locations in 1968, with the help of his brother Jimmy and later his girlfriend, Althea Leasure. Those locations included Akron, Cleveland, Columbus, Cincinnati, and Toledo, Ohio.
Soon, Larry Flynt's clubs began to bring in money ranging between $260,000 and $520,000 a year. With the money he had, he began to publish the Hustler magazine in 1974. But as it was an adult magazine, he had to engage in legal battle several times due to its graphic nature for the time.
One of the most interesting things that Larry Flynt did in his career is acquiring nude pictures of a former First Lady. In 1971, he purchased pictures of former First Lady Jacqueline Kennedy Onassis while she was sunbathing nude on vacation for $18,000. He published them, which sold over 1 million copies in just a few days.
Larry Flynt was Able to Run His Business Empire in a Wheelchair and Grow it Considerably.
Larry Flynt was nearly assassinated in 1978, an incident that left him paralyzed from the waist down. The serial killer and white supremacist Joseph Paul Franklin made an attempt on his life after reportedly being triggered by an interracial photo shoot published in Hustler.
Larry Flynt was nearly killed in 1978.
After narrowly escaping the assassination, Larry Flynt suffered permanent spinal cord damage, which left him in constant pain. There were some reports that he got addicted to painkillers until multiple surgeries deadened the affected nerves. Despite all the difficulties, he managed to run his business empire and even expand it.
Stay tuned to Idol Persona for more net worth-related content of your favorite celebrities.