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Larry Claxton Flynt Jr. the president of Larry Flynt Publications, is an American publisher (LFP). He is best known for founding and owning the adult media conglomerate Larry Flynt Publications (LFP), which is best known for publishing Hustler magazine. LFP’s publishing section made $135 million per year in income during the end of the 1990s when magazine sales were still high.
Net Worth and Salary of Larry Flynt
He has a $500 million dollar net worth.
Birth, Parents, Siblings & Education of Larry Flynt
He was born on November 1, 1942, in New York City.
He is best known for founding and owning the adult media conglomerate Larry Flynt Publications (LFP), which is best known for publishing Hustler magazine.
LFP’s publishing section made $135 million per year in income during the end of the 1990s when magazine sales were still high.
There is no information about family, siblings, or educational backgrounds.
Facts of Larry Flynt
|Full Name||Larry Flynt|
|Net Worth||$500 Million|
|Date Of Birth||November 1, 1942|
|Place Of Birth||Magoffin County, Lakeville, Kentucky USA|
|Profession||Businessperson, Film Producer, Publisher|
|Spouse||Mary Flynt (1961–1965), Peggy Flynt (1966–1969), Kathy Flynt (1970–1975), and Althea Leasure (1976–1987, widower)|
|Children||Theresa Flynt, Tonya Flynt-Vega, Lisa Flynt, Larry Flynt, Jr.|
|Parents||Edith Flynt, Larry Claxton Sr.|
|Siblings||Jimmy Flynt, Judy Flynt|
|Nicknames||Larry Claxton Flynt, Larry Claxton Flynt, Jr.|
Professional Career of Larry Flynt
And, unlike many of his publishing peers (Hugh Hefner, Jan Wenner), Larry saw the downturn in magazine sales coming and took efforts to diversify his firm early on.
Flynt built his Hustler brand into a multi-billion-dollar corporation with subsidiaries that include real estate, casinos, nightclubs, adult toy production, retail locations, video games, and more.
LFP now earns annual earnings of more than $300 million, according to reports.
Hustler Clubs can be found in six US states and three countries.
He began his career as an entrepreneur in 1965 when he acquired his mother’s Dayton, OH pub, Keewee, with $1,800 from his savings.
He quickly increased his weekly earnings to $1000, and he used the proceeds to purchase two more bars.
He founded his first Hustler Club in 1968, with naked hostesses dancing for patrons.
He went on to open Hustler Clubs in additional large Ohio cities, generating between $260,000 and $520,000 each year in each one.
Flynt started the Hustler newsletter in 1972 to promote his clubs, and it grew from four to sixteen pages in less than a year.
Flynt had to choose between refinancing his clubs and declaring bankruptcy due to the 1973 oil crisis.
Instead, he chose to turn Hustler Newsletter into an adult magazine, postponing the payment of sales taxes on his clubs to cover the startup costs.
The first issue of Hustler was released in July 1974. By August 1975, the journal had reached a monthly circulation of over one million copies.
Joseph Paul Franklin, a white supremacist, attempted to assassinate him in 1978 over an interracial photo session in Hustler.
Flynt is now paralyzed from the waist down and uses a wheelchair that costs $80,000.
Flynt built the Hustler Casino in Los Angeles in 2000, and in 2003, the Hustler Video film company purchased VCA Pictures.
Larry has also been a strong supporter of free speech rights in the United States, and his ideas on obscenity and parody legislation have had a significant impact.
“The People vs. Larry Flynt,” a 1996 film starring Woody Harrelson and Courtney Love, was based on his life.
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Quick Facts of Larry Flynt
- Larry Claxton Flynt Jr. is an American publisher and the president of Larry Flynt Publications (LFP).
- He has a net worth of $500 million dollars.
- Flynt successfully parlayed his Hustler brand into a company that today has divisions that control real estate assets, casinos, nightclubs, adult toy manufacturing, retail outlets, video games, and more.
- Today LFP reportedly generates annual profits north of $300 million.
- Flynt is now paralyzed from the waist down and uses an $80,000 gold-plated wheelchair.