L. Ron Hubbard Net Worth

What is L. Ron Hubbard’s Net Worth?

L. Ron Hubbard, an American science-fiction and fantasy author, and the founder of the Church of Scientology, had a net worth of $26 million at the time of his death in 1986 (equivalent to $60 million in today’s dollars after adjusting for inflation).

Highlights

– L. Ron Hubbard’s net worth at the time of his death was $26 million, predominantly from copyright and trademark materials.
– He founded the Church of Scientology and developed the philosophy of Dianetics.
– Hubbard had a prolific writing career, penning numerous science-fiction and fantasy stories under various pseudonyms.
– He served in the United States Navy during World War II but faced disciplinary actions and spent time in a hospital for treatment.
– The Church of Scientology faced controversy and legal issues during Hubbard’s lifetime.

Early Life

Born on March 13, 1911, in Tilden, Nebraska, L. Ron Hubbard was the only child of Harry and Ledora Hubbard. The family relocated several times, and Hubbard attended various schools before dropping out of George Washington University.

Career

Hubbard’s career began as an author in the 1930s, writing for pulp fiction magazines and publishing his first full-length novel, “Buckskin Brigades,” in 1937. He gained further recognition through his novelettes and the script for the movie serial “The Secret of Treasure Island.” However, his manuscript called “Excalibur” went unpublished.

During World War II, Hubbard served in the United States Navy but faced disciplinary actions and health issues.

It was in the late 1940s and early 1950s that Hubbard developed his philosophies and published “Dianetics: The Modern Science of Mental Health,” which gained initial popularity but faced criticism from scientific and medical experts.

Expanding upon Dianetics, Hubbard established the Church of Scientology in 1954, which became highly controversial and faced legal challenges over the years.

Personal Life

Hubbard had multiple marriages and children. He faced personal controversies, including an attempted kidnapping of his second wife, Sara Hollister, and her daughter Alexis. Hubbard ultimately divorced Hollister and married Mary Sue Whipp, with whom he had four children.

He suffered from health issues, including chronic pancreatitis, and passed away on January 24, 1986, at the age of 74.

Net Worth Over Time

At the time of his death in 1986, L. Ron Hubbard had a net worth of $26 million, equivalent to $60 million today. The majority of his net worth came from copyright and trademark materials, valued at $25 million. He also had business investments in the oil and gas industries, amounting to $1.3 million.

Components of Net Worth

The components of L. Ron Hubbard’s net worth were primarily derived from copyright and trademark materials, which accounted for $25 million of his $26 million net worth. The remaining $1.3 million was from business investments, particularly in the oil and gas industries.

Overall, Hubbard’s wealth was largely tied to his intellectual properties and the success of the Church of Scientology.

In conclusion, L. Ron Hubbard, the founder of the Church of Scientology, had a net worth of $26 million at the time of his death. He amassed his wealth through his writing career, copyright and trademark materials, and business investments. Despite controversies and legal issues surrounding Scientology, his contributions to the field of science-fiction and fantasy continue to have an impact.

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