Reverend Ike Net Worth 2020, Bio, Early Life, Career, and Achievement.
Reverend Ike, commonly known as Rev. Ike, was an American minister and evangelist who built his ministry on the concepts of material satisfaction and self-motivated prosperity.
He was born on June 1, 1935, in Ridgeland, South Carolina, USA as Frederick J. Eikerenkoetter II.
His mother, a black American, was a school teacher, while his father, of Dutch-Indonesian extraction, was a Baptist preacher.
Rev. Ike received a clear call to the ministry at the age of 7.
At age 14, he became an assistant pastor in his dad’s church.
In 1956, Frederick graduated as valedictorian of his class at the Pentecostal American Bible College in Chicago.
Later, he founded the United Church of Jesus Christ for All People in Beaufort, South Carolina.
In 1964, he moved to Boston to found the Miracle Temple.
In 1966, Rev. Ike moved to New York City. There. he founded the Christ Community United Church.
In 1969, Frederick bought the Loew’s 175th Street Theatre movie palace in the Washington Heights neighborhood for more than $500,000. Later, it was renamed the “Palace Cathedral.”
In the 1970s, Rev. Ike was one of the first evangelists to reach an audience of over 2.5 million through television.
Frederick was one of the first evangelists to advocate that God wants each of us to be materially and spiritually abundant.
Known popularly as “Reverend Ike,” his ministry reached its peak in the mid-1970s when his weekly radio sermons were carried by hundreds of stations across the United States.
He was famous for his “Blessing Plan” – radio listeners sent him money and in return he blessed them.
He said doing this would make radio listeners who did it more prosperous. He was criticized for his overt interest in financial remuneration.
“This is the do-it-yourself church,” he would say tossing aside the Apostle Paul and channeling Ayn Rand. “The only savior in this philosophy is God in you.”
When it came to the worship of Mammon, Rev. Ike was as transparent as they come. “It is the lack of money that is the root of all evil,” he used to say. “The best thing you can do for the poor is not to be one of them.”
Decades ahead of Oprah Winfrey and the author of “The Secret” in the mainstreaming of greed as a middle-class virtue, Rev. Ike’s theology was indistinguishable from the fever dream of the most unrepentant capitalist: “Forget about the pie-in-the-sky; get yours here and now.”
Rev.Ike bought the Loew’s 175th Street Theatre movie palace in the Washington Heights neighborhood for over half a million dollars, renamed it the “Palace Cathedral” – although colloquially it was known as “Reverend Ike’s Prayer Tower” – and had it fully restored. Restorations included the seven-story high, twin-chamber Robert Morton organ.
The “Miracle Star of Faith”, visible from the George Washington Bridge, tops the building’s cupola. In 2016, the building was designated as a landmark by the New York City Landmark Commission.
Rev. Ike was also the “chancellor” of the United Church Schools, including the Science of Living Institute and Seminary (which awarded him, his wife, and his son Doctor of the Science of Living degrees); the Business of Living Institute (home of Thinkonomics); and other educational projects.
Net Worth and Achievement 2020