What was Larry King's net worth at the time of his death? Here's why TV host paid wife a lump sum of $20K and $33K
Larry King died at the age of 87 after suffering health ailments and being hospitalized a while back. An official statement posted to King’s Twitter account said he had passed away at Cedars-Sinai Medical Center in Los Angeles.
“With profound sadness, Ora Media announces the death of our co-founder, host and friend Larry King, who passed away this morning aged 87 at Cedars-Sinai Medical Center in Los Angeles,” the statement read. “For 63 years and across the platforms of radio, television and digital media, Larry’s many thousands of interviews, awards and global acclaim stand as a testament to his unique and lasting talent as a broadcaster.” After his death, here's a look at his massive fortune and lavish homes.
Months after being pressed to provide financial support in their divorce battle, the broadcast journalist had agreed to pay his estranged wife, Shawn, $20,000 in a lump sum, and an additional $33,000 a month in spousal support.
The monthly payment will reportedly last at least until the couple's next Los Angeles Superior Court hearing that is scheduled for April 29 next year. While $33,000 per month may appear like a huge sum, as per Daily Mail it only covers a third of Shawn's monthly expenses, which she has listed in court papers as just under $90,000. “That includes $25,000 per month for rent on her luxury home, $12,000 on clothes, $3,500 on groceries, $4,500 for 'hair, nails, pet care and gym', plus $6,300 a month for her vacation home in Provo, Utah”, Daily Mail reported on her expenses.
The agreement over monthly support comes after Larry King’s estranged wife, Shawn Southwick, filed for temporary financial support from the longtime CNN host to the amount of $33,100, in September. According to court documents obtained by US Weekly, the actress was additionally seeking retroactive payments for every month as spousal support since he filed for divorce in August 2019, we reported earlier. The legal filing stated that Southwick was seeking the financial payments from King on a “temporary” basis to “meet and pay her Iiving expenses" since she was “financially dependent” on her soon-to-be former spouse at this time “due to the parties" agreement.”
But 61-year-old Shawn did reportedly confess she has more than $7 million in assets, that include property and savings.However, she has claimed that her ex-husband, who hosted the CNN show 'Larry King Live' for more than a quarter-century - is still amassing in more than $20 million a year from TV projects and commercials.
Earlier former celebrity couple raked in $4 million profit last January when their one-time mansion in Beverly Hills was up on the market for $15.5 million. In addition to spousal support, Shawn who said that she gave up her well-paid modeling and television career to be King's wife and to mother their two sons - is also demanding that her soon-to-be-ex-husband pay her legal bills.
Larry King filed for divorce from Shawn - citing irreconcilable differences - in August 2019. This came five months after he suffered from a stroke and heart surgery. As per Daily Mail, King was reportedly angry that Shawn was aiming to get his will changed. King did not tell her that he was filing for divorce and she was “totally surprised” when she got to know from reporters that her husband wanted out of their marriage.
We reported earlier, King and Southwick got married in September 1997. They share sons Chance, 21, and Cannon, 20. After nearly 22 years of marriage, King had filed for divorce from Southwick. This was the second time that the couple had decided to legally separate. Back in April 2010, the pair filed for divorce but they never went forward with the filing as they announced their reconciliation a few months later.
Larry King’s net worth
The renowned radio and television journalist Larry King is prominently known for hosting his CNN’s ‘Larry King Live’. It is one of the channel's longest-running programs where Larry would interview esteemed leaders, politicians and high-profile personalities in the entertainment industry. In his career span, King has conducted over 30,000 interviews as per Celebrity Net Worth.
During his successful run at the show, King also wrote a newspaper column in USA Today for over 20 years. Later in March 2012, King co-founded production company, Ora TV, where he began hosting ‘Larry King Now’ which was exclusively carried by Hulu and RT America.
Besides his stint as a broadcast journalist, King has made appearances in the world of films and television. This includes featuring in ‘Ghostbusters’, ‘Shrek 2’ and ‘30 Rock’. King has hosted other news-centric shows as well like the 2012 third-party presidential debate on Ora TV, moderating the sixth Kazenergy Eurasian Forum in Kazakhstan in October 2011, hosting educational series ‘In View with Larry King’, and more.
Having tasted such great success in the professional realm Larry’s net worth is $50 million as per Celebrity Net Worth.