Ernest Hemingway Net Worth | Celebrity Net Worth
What Was Ernest Hemingway’s Net Worth?
Ernest Hemingway was an American writer and novelist who had a net worth of $1.4 million at the time of his death in 1964. After adjusting for inflation, this equals $9.5 million in today’s dollars. today. Ernest Hemingway is one of the greatest American authors of all time. Many of his works are considered classics of American literature, most of them produced between the mid-1920s and mid-1950s. He won the Pulitzer Prize for Fiction in 1953 and the Nobel Prize of literature in 1954.
Ernest Miller Hemingway was born July 21, 1899 in Oak Park, Illinois to Clarence Edmonds Hemingway and Grace Hall Hemingway. He attended Oak Park and River Forest High School where he was a great athlete who participated in many sports. During the last two years of high school, he served as editor of the school newspaper and yearbook. He then worked for the Kansas City Star as a small-time reporter. These projects further strengthened his love for writing and set the stage for the lifestyle to come.
He was reportedly rejected by the US Army for poor eyesight in 1917, but still found ways to serve in World War I. Ernest signed up with the Red Cross to be an ambulance driver and ended up sustaining serious injuries from mortar fire. But Ernest would receive the Italian Silver Medal of Bravery for helping a soldier to safety and the American Bronze Star for the courage he displayed covering the European theater in World War II as a journalist. He traveled the world meeting the women he would marry, and this lifestyle helped shape his works to come. Ernest committed suicide on July 2, 1961 in Ketchum, Idaho.
Ernest Hemingway published seven novels, six collections of short stories, and two works of non-fiction on themes centered around love, loss, war, and travel during his writing career. His notable compositions include “The Torrents of Spring” (1926), “The Sun Also Rises” (1926), “A Farewell to Arms” (1929), “Winner Take Nothing” (1933), “To Have and Have Not (1937), “For Whom the Bell Tolls” (1940), “Across the River and in the Trees” (1950), “The Old Man and the Sea” (1952), “A Mobile Feast (1964), “Islands in the Stream” (1970) and “The Dangerous Summer” (1985) which has been cited as his last book.
Ernest Hemingway had a strong influence on 20th century fiction with his sober and minimalist style, he invented the “iceberg theory” or theory of omission. His experience as a young journalist working on newspaper articles focused on current events with very little context. He started writing short stories and kept that style of “surface” focus believing that the deeper meaning of a story shouldn’t be direct but come organically to the reader. An adventurous lifestyle and public image played a role in the admiration of future generations and helped solidify his legacy.
Ernest Hemingway married Hadley Richardson in 1921 and they divorced in 1927. That same year he married Pauline Pfeiffer. Their marriage lasted until divorce in 1940. He then married Martha Gellhorn in 1940 and they divorced in 1945. In 1946 he married Mary Welsh. They were married until his death in 1964.
One of his grandchildren is actress Mariel Hemingway. Mariel’s father, Jack, was the son of Ernest and his first wife Hadley.
As we mentioned earlier, at the time of his death in 1964, Ernest Hemingway left behind an estate valued at approximately $1.4 million. Ernest’s estate included:
- $418,933 in stocks and bonds
- $801,766 miscellaneous goods
- $189,611 in cash
He held shares in 36 companies including:
- 304 Eastman Kodak shares worth $32,233
- 540 shares of General Motors valued at $24,088
- 24 shares of Bethlehem Steel worth $10,081
- 336 shares of AT&T valued at $39,447.
According to his estate documents, in the 5 years prior to his death, Ernest Hemingway earned $179,135 in book royalties. That’s the same as about $1.75 million in today’s dollars.