HOWARD Stern owns $372 million in real estate in New York and Florida, The U.S. Sun can report.
As The U.S. Sun first exclusively revealed, the Shock Jock and his overlords at SiriusXM are not expected to come to a mutually acceptable agreement when his $100 million-a-year contract expires later this year.
Stern, 71, has a lot at stake as his cushy gig, and eye-watering salary, seem to be coming to an end.
The U.S. Sun can reveal that his Palm Beach, Florida, estate is estimated to be worth an unbelievable $300 million.
The beachfront property was purchased in 2013 by Stern and his wife, Beth Ostrosky, for a cool $52 million, with over 40,000 square feet of living space across several buildings spread out over 3.25 acres.
The property boasts a pool and a hot tub, with the main house initially consisting of five bedrooms.
Stern completed several renovations over the years, including having a 1,000-square-foot closet built for Beth, 53.
The $300 million valuation of his Florida property came last year, when his next-door neighbor sold their mansion, which was nearly half the size of Stern’s, for $170 million.
The iconic DJ’s property value shot up after his neighbor’s sale to the $300 million figure, according to Yahoo Finance.
Stern has previously revealed that he plans to retire to his Palm Beach abode, which may happen sooner than later.
Though the Florida estate does appear to be worth the most out of his portfolio, the radio veteran spends the majority of his time in his waterfront Southampton, New York home, which is worth an estimated $51 million.
The Hamptons mansion, where he often records his SiriusXM show, has eight bedrooms and 12 bathrooms with a luxurious pool and hot tub on a 4.3-acre property.
His palace is said to have a bowling alley, a wine cellar, and a spa.
Meanwhile, in New York City, where SiriusXM’s studios are headquartered, Stern owns two entire floors of a building in the upscale neighborhood surrounding Lincoln Center.
The radio icon purchased the property in two parts, starting with three condos in 1998 and then another two condos on the floor below, a decade later, in 2008.
In total, his pad in the Big Apple spreads over 8,000 square feet and is estimated to be worth $21 million.
Earlier this week, Stern’s SiriusXM station, Howard 100, began running promos that the King of All Media will finally address The U.S. Sun’s exclusive reporting that his show is set to be canceled.
Despite having gone live the day after the bombshell report dropped, Stern did not address the story, and only seemed to stick to the script to promote Metallica getting their own SiriusXM channel.
The new promo said Stern will finally address his audience about the show’s future weeks from now – on September 2.
SHOW OVER?
Last week, sources claimed to The U.S. Sun that Howard Stern’s SiriusXM show seems set to be cancelled, as the network is unlikely to meet his financial demands when his current five-year contract expires this autumn.
An insider revealed, “Stern’s contract is up in the fall, and while Sirius is planning to make him an offer, they don’t intend for him to take it. Sirius and Stern are never going to agree on the money he is going to want. It’s no longer worth the investment.”
Howard Stern’s Career
Howard Stern has had a prolific radio career, but he’s also had success in film, books and TV.
Stern’s love affair with radio began when he was a student at Boston University, where he worked at the school’s radio station before graduating in 1976.
After college, he had a series of on-air jobs in Hartford, Connecticut, Detroit, Michigan and then Washington D.C., where he met his eventual sidekick Robin Quivers.
It was in D.C. where Stern began honing his shock jock schtick.
They were fired and the pair landed at WNBC in New York City in 1982.
In a few short years at WNBC, Stern butted heads with management and was ultimately axed.
The duo joined WXRK-FM in New York in 1985 and they were there until 2004 when they joined SiriusXM.
Howard has been at SiriusXM since, with his contracts estimated to be between $80 million and a $100 million a year over the last two decades.
He also starred in and was the executive producer of his autobiography and blockbuster movie Private Parts, which debuted in 1997.
He’s also authored several books and was a judge on America’s Got Talent for three seasons.
-By Jessica Finn, Exclusives and Investigations
The source added that SiriusXM is expected to negotiate a deal to retain Stern’s extensive show library.
“But as far as him coming back to doing the show, there’s no way they can keep paying his salary,” they explained.
Referencing financial difficulties in the media industry, the insider said, “After you saw what happened with Stephen Colbert, it’s like they just can’t afford to keep him going.”
Neither SiriusXM nor Stern responded to The U.S. Sun’s request for comment.
