Facts of Larry Flynt
Married for 5 times in his life, Larry Flynt is a famous American publisher and president of Larry Flynt Publications (LFP). His publication focuses on the production of adult magazines and erotic videos. Professional since 1975, Flynt’s business venture in the adult filmography has earned him massive fame and money.
Well, he ranked 1st in the list of 2003’s 50 Powerful People in P*rn. The American personality currently owns $500 million net worth. For a fact, Larry has paralysis from the waist down and uses a golden wheelchair for movement.
Larry Flynt’s Net Worth, Income Sources, Salary: Earnings From LFP
Starting his journey from clubs to prominent publishing business, Larry Flynt, meanwhile swims in the pool of millions with over 40 years of career.
As of March 2019, the American publisher owns the net worht of $500 million. Back in 2012, his fortune reported $400 million as per The Richest.
As the owner/president of the production company Larry Flynt Productions that produces the famous Hustler Magazine, Flynt has tagged him with a half-billionaire tag. Seems his net worth will rise even more in the future.
Reportedly, back in the late 90s, Larry’s company made $135 million annual income with the sales of Magazine, videos, and tapes.
At the moment, LFP makes $300 million per year in profits only, reported by Celebrity Net Worth.
In 1996, he released a biographical drama film The People vs Larry Flynt. Even if the movie casts won Chicago Film Critics Association Awards and Golden Bear Award, the production went on the loss of $15 million.
It grossed $20 million on the $35 million budget.
Road To Multi-Millionaire: Details
Larry Flynt, at the age of 23 (in 1965) bought his mother’s bar, the Kewee for $1,800 from his savings. It became the first step to Larry’s business venture that made him $1,000 per week.
Later, in 1968, Flynt alongside his brother Jimmy opened Hustle Clubs, a chain clubs in Akron, Cleveland, Columbus, Cincinnati, and Toledo, Ohio. The clubs featuring semi-clothed girls made them a nice revenue of $260,000-$520,000 per year.
Afterwards, in 1972, he began to publish Hustler Newsletter describing his clubs that later proved to be the base for Hustler Magazine. Following 4 years, Larry created the publishing company Larry Flynt Publications (LFP) in 1976.
Well, the company specializes in the publication of Hustler Magazine and production of adult filmography.
Did you know? Flynt’s Hustler Magazine came to fame after he published the unclothed picture of former First Lady Jacqueline Kennedy Onassis in August 1975. Larry Flynt bought the pictures from a paparazzo for $18,000 who took the picture while she was sunbathing.
Expenses on Lawsuit Barrage
Back in the 1980s, Larry’s Hustler Magazine became the famous name for lawsuits. Most notably, the 2 massive lawsuits with Robyn Douglass and Kathy Keeton, heated Larry’s pocked with the joint expenses of $2.6 million, equivalent to $5 million in 2019.
Douglass had posed undressed for photographer Augustin Gregory to appear on Playboy Magazine, however, Hustler hired Gregory and published Douglass’ pictures in January 1981, that led to the lawsuit. Well, she was rewarded $600,000 from the case.
The second lawsuit by Keeton in 1984 stating defamation damages earned her $2 million. Well, they were selling magazine’s content that showed Keeton had received a venereal disease from Robert Guccione.
Besides this, Larry also had some legal troubles with his brother Jimmy whom he fired from his company in 2009. The long ongoing family business feud came to an end in 2015 which favored Jimmy.
Larry Flynt reportedly had to compensate $171,000 for Jimmy’s legal expenses.
Offers & Politics Endorsement
Over the years, Flynt has became the topic for public debates with his million dollars offerings for the truthful evidence on politics.
Larry Flynt once made $1 million offer for the information on arrest and conviction on the assassination of John F. Kennedy. Also, during 1998 on the extra-martial claims against then-President Bill Clinton, Larry kept $1 million deal for the women would testify to sexual encounters with members of Congress.
Well, regarding Mitt Romney's unreleased tax returns, he again made $1 million bid for information on September 7, 2012.
Alongside offerings, Larry also did make endorsements for politicians too.
Back in 2013, he endorsed Mark Sanford for South Carolina's 1st Congressional District. Moreover, the American publisher also endorsed Hillary Clinton in the 2016 Presidential Election.
Donald Trump Scandal Bounty
In October 2017, Larry made a full-page ad on Washington post for information leading to the possible impeachment of President Donald Trump. For a fact, the offer value for the deal was $10 million.
Larry Flynt’s Assets: House, Cars & Private Jet, Insurance, Charity
Currently, Larry Flynt lives in his house in Hollywood Hills, California, though the exact value of the property is not out. Besides this, he also owns property near Lakeville in Magoffin County, Kentucky.
Back in August 2015, Flynt bought a $5.7 million Maui mansion, Hawaii.
Many might not know but after Larry’s fourth wife Althea died in his Bel-Air Mansion, he sold it for $4.5 million. The 2-story house was bought by the Larry in 1979.
Well, his ever-highest asset sale was in May 2013, when Larry Flynt sold his Beverly Hills headquarters of Hustler for $89 million. Reportedly, he bought the mansion in 1994 for $70 million.
Larry seems to be fond of luxury cars, specially Bentley including the models like Mulsanne, and Arnage. No doubt, he owns other luxurious car collection but is yet to disclose all.
The multi-millionaire does have a private jet of his own. Back in 1994, he owned Gulfstream II but replaced it later with Gulfstream IV (worth around $36 million).
There are no reports on his insurance policies and charities.
Golden Wheel Chair
After Joseph Paul Franklin, a serial killer attempted to kill Larry by gunshot in 1978, the injuries on his spine left him paralyzed under waist.
So, for movement, Larry Flynt uses a unique wheelchair, to be exact, a golden wheelchair that is worth $80,000.
Larry Flynt’s Personal Details: Married 5 times, Wives & Children
Born on November 1, 1942, in Lakeville, Kentucky, Larry Claxton Flynt Jr. holds American nationality and is of white ethnicity. His parents separated while Larry was 10.
Flynt’s sister Judy died at the age of 5 in 1951 due to leukemia. His brother Jimmy, born in 1948, remained business partners for some time until their business feud fired on.
As of March 2019, Larry Flynt’s age is 76.
He has been married 5 times in his life and currently lives with 5th wife Elizabeth Berrios since their marriage in 1998. For a fact, Larry’s fourth wife Althea died June 27, 1987, after she drowned in the bathtub of Larry’s former Bel-Air mansion.
Flynt’s first, second and third wives are Mary (1961 – div. June 2, 1962), Peggy Mathis (m. 1963 – div. 1966) and Kathy M. Barr (December 1968 - div. November 22, 1971).
Story of Daughters
From 5 marriages, Larry Flynt is the father of 4 daughters and 1 son. His daughter Lisa Flynt-Fugate died in October 2014 in a car crash at the age of 47.
On the other hand, Larry left his eldest daughter Tonya after she became a Christian anti-adult filmography activist. Later, Tonya cased for physical abuse by Larry on her, though were denied by the American publisher.