Larry Claxton Flynt, Jr. was born on 1 November 1942, in Lakeville, Kentucky USA, and is a publisher, businessman, film producer and listed by “Arena” magazine as the #1 most powerful person in pornography.
So just how rich is Larry Flynt? Authoritative sources estimate that Larry is one of the wealthiest CEOs on the planet, with a net worth of $400 million, earned through his varied business interests during a career now spanning more than 50 years. Starting his career as a man with just $1,800 and his mother’s bar to his name, Larry Flynt has come a long way since. Between his publishing business and his chain of “Hustler” clubs, Flynt owns a veritable adult entertainment empire, headed by his multi-million company, “Larry Flynt Publications”. Often considered a controversial figure for his chosen field of business, Larry Flynt has nevertheless earned every dollar of his impressive net worth, and certainly deserves his place among the world’s richest businessmen.
Larry Flynt Net Worth $400 Million
Larry Flynt did not have an easy childhood. The oldest of his parents’ three children, Flynt was raised by his mother and grandmother while his father was away serving in the US Army in Europe. Flynt has been quoted saying that his home region, Magoffin County, must have been the poorest region in the country at the time, and the future business magnate would end up working from a young age – when he was only 15, Larry Flynt faked his birth certificate to enlist with the US Army. The next few years would be spent wandering between different jobs – by 1965, Flynt had already been a military radar operator, an employee within an affiliate of “General Motors”, and even an alcohol smuggler.
It was then that Larry Flynt decided to take $1,800 from his personal savings and acquire his mother’s bar in Dayton, Ohio – the “Keewee”. Applying the same business acumen that would soon elevate him to the greatest heights, Flynt refitted the bar into a more luxurious establishment. Soon the bar was earning Flynt upwards of $1000 a week, enabling him to expand his newfound business to include two other bars, and eventually to take the first step on the way to becoming the leading figure in the adult entertainment industry by opening his first “The Hustler Club”, the first in the local area to employ nude dancers, and it proved a staggering success. Within years, Flynt had expanded to open new “Hustler Clubs” in several other major cities in Ohio, up to a total of six, and each was every bit as outrageously popular as the first – of the whole “Hustler” chain at the time, there wasn’t one club that would make Flynt less than $260,000 per year.
While his club business was certainly a massive contribution to Flynt’s growing net worth, Larry Flynt was yet to find his greatest success – the “Hustler Magazine”. Envisioned first as a newsletter to accompany Flynt’s chain of “Hustler” clubs, the “Hustler Newsletter” soon grew into an independent publication in its own right, and by 1974 the magazine was already a self-sufficient business. The very next year, it would become a widespread sensation when Flynt decided to publish nude pictures of the former First Lady, Jacqueline Kennedy Onassis, sunbathing. Though Flynt closed down “The Hustler Club” chain, he continues to find success in publishing and video production, and this ensures Flynt’s net worth remains as high as it is.
In his personal life, Larry Flynt lives with his 5th wife, Elizabeth Berrios(m. 1998), and their five children; he was previously married to Mary Flynt (1961–1965), Peggy Flynt (1966–1969), Kathy Flynt (1970–1975) and
Althea Leasure (1976–1987, widower), Since 1978, Flynt has been paralyzed from the waist down after an attempt on his life, and he typically uses a gold-plated wheelchair – valued at $80,000 – to get around.
