Larry Flynt Net Worth 2020, Biography, Career, and Death.
Larry Flynt Net Worth 2020 – With an estimated net worth of $400 million, Larry Flynt, the American publisher, and owner of the adult entertainment company, ‘Larry Flynt Publications’ is one of the biggest names in the industry.
He has survived an assassination attempt, after being shot by a gunman, as a result of which he was paralyzed and had to succumb to life in a wheelchair.
Born on November 6, 1953, in Marietta, Ohio, Althea Leasure was one of the five children of June and Richard Leasure. She had one brother, Richard, and three sisters, Debbie, Sherry, and Marsha.
Althea had a turbulent childhood. Her father fatally shot her mother, her maternal grandfather, and one of June’s friends before committing suicide himself.
Her grandmother, who was in the house as well, saved herself by escaping to a nearby creek.
Althea, alongside three of her siblings, was sent to live at the OSSO Home. She would later reveal that she ran away from the center several times after being sexually molested at the homes of possible adopters.
- Althea met Larry in 1971 when he interviewed her for the job of a go-go dancer in his Hustler club in Columbus, Ohio. She was 17 and he was 29. They married about five years later, on August 21, 1976.
- Larry named his new pornographic magazine ‘Hustler’ after his club. In its inaugural edition, Althea was the model on the life-size centerfold. She gradually became the magazine’s publisher and editor, running the development, management, and publication departments simultaneously.
- In 1977, Larry began to refer to himself as a born-again Christian and claimed that he had a vision from God during a flight in his private jet with evangelist Ruth Carter Stapleton, President Jimmy Carter’s sister, who performed the “conversion” ceremony. During this period, Althea single-handedly kept the magazine going and helped it to maintain its incredible popularity.
- On March 6, 1978, while walking towards the Gwinnett County courthouse in Georgia, where he was fighting an obscenity lawsuit, Larry, who was accompanied by his lawyer, was shot by a sniper from across the street. The shooting permanently damaged his spinal cord, rendering him partially paralyzed. After this, Althea not only ran the ever-growing Flynt empire effortlessly but also took care of him at home.
- Larry was also diagnosed with bipolar disorder, which later prompted him to run in the 1984 United States Presidential election. At that time, Althea had been planning to launch a new magazine. Called ‘The Rage,’ it was supposed to focus exclusively on the punk subculture. But Larry’s political ambition was given more importance and the plan for a new magazine was eventually scrapped.
- Since his shooting, Larry had been in constant excruciating pain and had to eventually undergo multiple surgeries to deaden his affected nerves. However, between the accident and the surgeries, he was prescribed several painkillers.
In 1982, Althea started using those drugs as well and by the mid-1980s they were both addicted to them. A year later, she found out that she had AIDS. According to Larry, Althea got the disease from a blood transfusion during a hysterectomy as she had never used an infected needle for her drug use.
As of August 2020, Larry Flynt has an estimated net worth of more than $550 million. This fortune comes from his highly successful business career. He began his career at a very young age and went on to have many strip clubs.
He found considerable success by creating the Larry Flynt Publications. In 2000, he started the Hustler Casino in Los Angeles. He is also the owner of Hustler Clubs and Hustler Hollywood Store. He also publishes the pornographic magazine called ‘Barely Legal’.
Larry Flynt is considered one of the most popular publishers in the world. He has been involved in many legal battles. The popularity of the legal battle was made in the film ‘The People vs Larry Flynt’. His popularity has also made him a character in a documentary. In 1996, Larry Flynt published his own autobiography.
Following her diagnosis, Althea’s health began to gradually deteriorate. Despite being wheelchair-bound himself, Larry took care of his wife during her last years.
She passed away on June 27, 1987, after drowning in the bathtub at the couple’s Bel-Air home in Los Angeles, California.
According to reports, she overdosed on drugs and passed out in the tub, accidentally drowning herself.
Larry later stated that she was completely bedridden in the months leading up to her death and would have died within a year even if the fatal accident had not occurred.