Larry Flynt Net Worth 2024

What was Larry Flynt’s Net Worth and Salary?

Larry Flynt was an American entrepreneur and writer who had a net worth of $500 million on the time of his loss of life. He was finest recognized for being the president of Larry Flynt Publications, which produces magazines like “Hustler”. Larry died on February 10, 2021 on the age of 78.

Early Life

Larry Claxton Flynt Jr. was born in Lakeville, Kentucky, on November 1, 1942. He is the eldest youngster of Edith and Larry Claxton Flynt Sr. His father was a World War II veteran and sharecropper, whereas his mom was a homemaker. He had two youthful siblings, sister Judy and brother Jimmy Ray, however Judy handed away from leukemia when she was simply 4 years previous. The loss of life of his sister led to his mother and father divorcing a yr later, and the splitting up of the family. As a end result, Flynt was raised by his mom in Indiana, whereas his brother was raised by their maternal grandmother in Kentucky. Flynt would finally return to Kentucky although to stay together with his father as a result of he didn’t get alongside together with his mom’s boyfriend. Flynt dropped out of highschool and ran away from residence when he was fifteen, and joined the United States Army with a faux beginning certificates. Following his honorable discharge, he bounced between Indiana and Kentucky working odd jobs till he joined the United States Navy in 1960, and labored as a radar operator on USS Enterprise. He was honorable discharged from the Navy in 1964.

Early Career

After leaving the Navy, Flynt launched into a sequence of enterprise ventures. His first one was when, in 1965, he purchased his mom’s bar in Dayton, Ohio, utilizing $1,800 from his financial savings. After refitting it, he rapidly began making as a lot as $1,000 every week, and used the income to purchase two extra bars. He continued to broaden his mini-empire, and opened the Hustler Club in 1968, a brand new higher-class bar that includes nude hostess dancers. Later, he opened Hustler Clubs in different Ohio cities like Akron, Cleveland, Columbus, Cincinnati, and Toledo, and every was quickly grossing between $260,000 and $520,000 per yr.

Hustler Magazine

In 1972 Flynt created the primary Hustler e-newsletter to advertise his golf equipment, growing it from 4 to sixteen pages in lower than a yr. With the 1973 oil disaster, Flynt needed to determine between refinancing his golf equipment or declaring chapter. Instead, he determined to show Hustler Newsletter into an grownup journal, paying the start-up prices by deferring fee of gross sales taxes on his golf equipment.

In July 1974, the primary concern of “Hustler” was revealed. By August of 1975 the journal was promoting greater than 1 million copies monthly, and he was rapidly in a position to pay again his tax money owed. Every step of the way in which although, Flynt needed to combat many individuals (together with at his distribution firm) who thought the content material of the journal was too express. Some of essentially the most controversial materials revealed within the early days of the journal embrace the journal’s first “pink-shots” (images of open vulvas) and paparazzi footage of former First Lady Jacqueline Kennedy Onassis sunbathing nude.

He created Larry Flynt Publications (LFP), his personal privately held firm, in 1976. He additionally established the Hustler Video movie studio, by which he started producing pornographic films in 1998. In 2000, Flynt opened the Hustler Casino in Los Angeles, and Hustler Video movie studio purchased VCA Pictures in 2003.

(Photo by David Livingston/Getty Images)

Other Work

Flynt revealed his autobiography, “An Unseemly Man: My Life as a Pornographer, Pundit, and Social Outcast”, in 1996. That similar yr, a movie was made about his life starring Woody Harrelson and Courtney Love, titled “The People vs. Larry Flynt”. Flynt himself made a cameo look within the movie. He co-wrote the guide “One Nation Under Sex” (2011) with Columbia University historical past professor David Eisenbach; it follows the intercourse lives of a number of the strongest American leaders.

Personal Life

In 1978, white supremacist Joseph Paul Franklin tried to assassinate Flynt over an interracial picture shoot in Hustler, though he was by no means caught and prosecuted and solely confessed to the capturing a few years later. Flynt was paralyzed from the waist down for the remainder of his life. In later yr he used an $80,000 gold-plated wheelchair.

He was been married a complete of 5 occasions, and had 4 daughters and a son. He married his fourth spouse, Althea, in 1976. She helped him together with his companies and served as his co-publisher for “Hustler” till her loss of life in 1987. He married Elizabeth Berrios, in 1998. They remained collectively till his loss of life.

Larry disowned his eldest daughter, Tonya Flynt-Vega, when she turned a Christian anti-pornography activist and outspoken critic of “Hustler”. She even revealed a guide, “Hustled”, through which she claimed that Flynt sexually abused her as a baby, accusations which he denies.

Flynt was a champion of free speech rights within the United States and had a profound impression on the idea of obscenity and parody regulation. He was additionally outspoken within the realm of politics, describing himself as “a civil libertarian to the core” with progressively liberal” views. He had as soon as tried to run for president as a Republican candidate in 1984, however then principally backed Democrat candidates for workplace, together with Hillary Clinton. He additionally has usually tried to show sexual scandals involving conservative or Republican politicians. For instance, he provided $1 million for proof of sexual scandals in the course of the 1998 impeachment proceedings in opposition to President Clinton, and the outcomes that he revealed finally led to the resignation of Bob Livingston, the incoming Republican House Speaker. He additionally provided a $1 million reward for data on Mitt Romney’s unreleased tax returns, and $10 million for proof that will result in the impeachment of President Donald Trump.