Stan Lee – Net Worth, Money and More

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NET WORTH $200 MILLION

 

“With great power, there must also come…great responsibility”

-  Stan Lee, Amazing Fantasy

Indeed these lines are often used for motivating people. Great power has great responsibilities attached and with the execution of these responsibilities superheroes are born. All of us as kids would play around fantasizing ourselves to be superheroes and here in this article we are going to have a glimpse of the life of the creator of superheroes – Stan Lee. Even he mustn’t have imagined that the movies and books with superheroes which he idolized as a kid would actually inspire him to the extent that he would ultimately end up creating superheroes himself. Chairman of the Board, Chief Creative Officer at POW! ENTERTAINMENT, INC., editor, publisher, media producer, television host, actor, voice actor and former president and chairman of Marvel Comics, Stan Lee, is one of those celebrities who have declared bankruptcy. Declaring bankruptcy is never fun and its quite astonishing to witness that how can a celebrity worth $200 million can declare himself to be bankrupted. Let’s check out and analyze whether the picture is exactly what it seems like?

Personal Life:

stan lee wife

Stanley Martin Lieber was born in New York City on December 28, 1922, to Jewish immigrant parents, Celia and Jack Lieber in Manhattan. His father, trained as a dress cutter, didn’t have a permanent job. As they say your future is determined by your childhood interests similarly this man as a child was influenced by books and movies, particularly those with Errol Flynn playing heroic roles. In his youth, Lee enjoyed writing, and always dreamt of writing the Great American novel. According to him, in his youth he used to work sometimes as a writer on a part-time basis like writing obituaries for a news service and press releases for the National Tuberculosis Centre; and sometimes delivering sandwiches for the Jack May. He graduated high school early, at age 16½ and then joined the WPA Federal Theatre Project. He was married to Joan Clayton Boo cock and the couple had daughter named Joan Celia “J.C.” Lee, born in 1950

Career:

Captain America

With the help of his uncle Robbie Solomon, Lee became an assistant at the new Timely Comics division of pulp magazine and comic-book publisher Martin Goodman’s company in 1939. Stanley made his comic-book debut with the text filler “Captain America Foils the Traitor’s Revenge” in Captain America Comics #3, using the pseudonym “Stan Lee”, which years later he went on to adopt as his legal name. He graduated from writing filler to actual comics with a backup feature, “‘Headline’ Hunter, Foreign Correspondent”, two issues later. Lee’s first superhero co-creation was the Destroyer, in Mystic Comics. Other characters he created during this period fans and historians call the Golden Age of comics include Jack Frost, debuting in USA Comics, and Father Time, debuting in Captain America Comics #6. Lee showed a keen interest in business when he was just under 19 that led him to remain as the comic-book division’s editor-in-chief, as well as art director for much of that time, until 1972, when he would have had succeeded Goodman as publisher but fate had something else planned for him. Lee entered the United States Army in early 1942 and served stateside in the Signal Corps, writing manuals, training films, and slogans, and occasionally cartooning. In 2001, Lee, Gill Champion and Arthur Lieberman formed POW! (Purveyors of Wonder) entertainment to develop film, television and video game properties. In 2006, Marvel commemorated Lee’s 65 years with the company by publishing a series of one-shot comics starring Lee himself meeting and interacting with many of his co-creations, including Spider-Man, Doctor Strange, the Thing, Silver Surfer and Doctor Doom. In August 2011, Lee announced his support for the Eagle Initiative, a program to find new talent in the comic book field. In 2011, Lee was writing a live-action musical, The Yin and Yang Battle of Tao. In October, Lee announced he would partner with 1821 Comics on a multimedia imprint for children, Stan Lee’s Kids Universe. In April 2012, Lee announced his partnership with Regina Carpinelli, the founder and CEO of Comikaze Expo. Comikaze Expo, Los Angeles’ largest comic book convention, was re branded as Stan Lee’s Comikaze Presented by POW! Entertainment. At the 2012 San Diego Comic-Con International, Lee announced his new YouTube channel, Stan Lee’s World of Heroes, which airs several programs created by Lee and other creators, including Mark Hamill, Peter David, Adrianne Curry and Bonnie Burton. Disney Publishing announced in November 2013 that Lee would write a book, Zodiac, with Stuart Moore.

chakra

Stan Lee has also come up with an Indian super hero- Chakra: the invincible which was premiered in Indian cartoon network in December 2013.

Awards and Achievements:

stanlee award

He has been accolade d with a string of awards starting from 1994 in which he was awarded by the Will Eisner Award Hall of Fame and by Jack Kirby Hall of Fame.

In 2000 and 2008 he was awarded with Lifetime Achievement award and with Life career award respectively in the Burbank International Children Film Festival and in Saturn Awards.

In 2012, he received the Lifetime Achievement award in the Savannah Film and Video Festival and by the Visual Effects Society.

Also, he has been nominated three times in Hugo Awards in 2003, 2005 and 2009 for spider man, spider man 2 and iron man respectively.

Apart from these awards he also has many honors like he has been included into the Will Eisner Comic Book Hall of Fame in 1994 and the County of Los Angeles declared October 2, 2009 Stan Lee Day.

Although he is quite old now but it seems that his magic among the opposite sex hasn’t faded away because Stan Lee at 91 has been dubbed as “the Sexiest Author Alive” by Glamour’s magazine in its March 2014 issue out this week.

According to a top source, Marvel Comics’ ex-boss Stan Lee is leading the race to become Time magazine’s Person of the Year in 2014. Now that’s something about which his fans must be proud of.

Worth and Charity:

stan lee charity

  1. Stan Lee is a Multi Millionaire and there was a time when he use to make $1mm a year in 1994 when Marvel owner Ron Perelman raised Stan’s salary for a lifetime contract with Marvel but when it went public but when Marvel was in Chapter 11 Bankruptcy protection in 1997-1999, Stan Lee started his own dot com, Stan Lee Media, which gave him a stock worth $90 million in Feb 2000.
  2. When the dot com crash sank Lee’s company in 2001, Marvel suddenly had the hottest movie franchises in the world with Spider man, X-Men, Hulk and Ironman- all created by Stan Lee. It is to be noted that Lee is the co-creator of the Avengers, the X-Men, the Fantastic Four, Spider-Man, and many of the comic book heroes from Marvel’s stable. As reported, Lee did not make it to the Forbes 400 list. Even though the film The Avengers has earned $1 billion (and counting) since it opened on May 4, 2012, Lee was not entitled to see any profits from the film based on his characters.
  3. On March 15, 2007, Stan Lee Media’s new president, Jim Nesfield, filed a lawsuit against Marvel Entertainment for $5 billion, claiming that the company is co-owner of the characters that Lee created for Marvel.
  4. On June 9, 2007, Stan Lee Media sued Lee; his newer company, POW! Entertainment; POW! Subsidiary QED Entertainment; and other former Stan Lee Media staff at POW! As Chairman of the Board, Chief Creative Officer at POW! ENTERTAINMENT, INC., Stan Lee made $300,000 in total compensation.
  5. It’s has rather been a rough year for the author, but he has his millions of dollars to lessen his pain. 91-year-old Stan Lee has taken the No. 1 spot on People with Money’s top 10 highest-paid authors for 2014 with an estimated $96 million in combined earnings.

As far as charity is concerned, we haven’t witnessed much of such works by him. Still there are a few of them worth mentioning. The Stan Lee Foundation was founded in 2010 to focus on literacy, education and the arts. Its stated goals include supporting programs and ideas that improve access to literacy resources, as well as promoting diversity, national literacy, culture and the arts. Stan Lee has donated portions of his personal effects to the University of Wyoming at various times, between 1981 and 2001.

stan lee in big-bang-theory

Having a net worth of $200 and declared as a bankrupt, although both of these statements seem to be difficult to take in, but still it is a reality. The major reason for celebrity bankruptcy is that sometimes they are forced to live lives that they cannot afford because sometimes it’s not about your pocket but it is about the ‘Veblen’s effect’, i.e. the status symbol. Looking on the brighter side, comparatively celebrities have an edge over the commoners as far as earning potential is concerned. As far as his fans are concerned, they aren’t really bothered about his worth or fame. I still remember one of the episodes of the very famous sci-fi Big bang theory in which Sheldon faints at the very thought of meeting Stan Lee. So, his fans love him for his great work and with his new Indian super hero, I am sure he is going to draw a lot of Indian fans too. As far as his declared bankruptcy is concerned, we are very sure that very soon we will see him back in the Forbes’ List of 400 wealthiest Americans.

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